Category: Economy
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Sri Lanka budget deficit down 73-pct, current account in surplus to November
Sri Lanka’s overall budget deficit experienced a significant reduction of 73% to 325 billion rupees, while revenues increased by 35.5% to 4,945 billion rupees. This improvement was attributed to the recovery of economic activity and the central bank’s efforts to maintain monetary stability, despite missing its inflation target. According to data from the central bank,