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Tuesday May 30th, 2023
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Budget support loans ease cashflows of the government
A second party opinion will be sought
Incentives and exemptions to be given to two categories
"The government has so far not been sensitive to this issue," he said.
Policy is to transform state enterprises so that they will not be a burden to the country, a burden to the budget
We are here, it is part of the discussions we are having now
In US dollar terms the EPF has also been hit by a hair cut
Creditors are showing they want to sort out the debt issues
At the moment parties making inquiries about firms are directed to publicly available information
It reiterates its invitation to other bilateral official creditors to formally join
Virtual meeting co-chaired by Japan, France and India
A social safety net is a priority initiative under an International Monetary Fund program
An overall debt restructuring plan is due to be announced later in in May
ADF only countries get access to the most concessional funds.
“It is clear that we’re moving forward with a plan to lower the debt and tax burdens,” he said.
By end March 2023 outstanding T-bill stock had reached Rs4,636bn
| Latest | Last | |
|---|---|---|
| US Dollar | 289.8986 | 297.6055 |
| UK Pound | 357.3274 | 366.5521 |
| Euro | 310.0947 | 318.4855 |
| Aus Dollar | 188.4531 | 193.2296 |
| Yen | 2.0576 | 2.1257 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6214 | 3.6680 |
| Korea Won | 0.2261 | 0.2291 |
| Oman Rial | 776.9541 | 787.6684 |
| Saudi Riyal | 79.7546 | 80.8650 |
| UAE Dirham | 81.4508 | 82.5849 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,428.92 | -2.09% |
| CSE All Share | 8,575.11 | -1.40% |
| Turnover Rs million | 518,927,793 | 893,539,637 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 24.64 | 24.60 |
| 6-m bill | 24.24 | 24.36 |
| 12-m bill | 22.37 | 22.36 |
| 5-yr bond | 24.98 | 24.79 |
| 8-yr bond | 23.82 | 23.16 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 16.49 | 16.49 |
| Gilt Repo | 16.50 | 16.50 |
| I-m SLIBOR | - | - |
Closing date for transaction advisors extended till
Voluntary optimization
At a meeting of a plantations reform committee
Sri Lanka parliament endorsed the IMF reform and associated conditions to be implemented through a vote.
Trying to reach debt sustainability only by improving the primary balance worsened the socio-economic cost
Primary surplus in balance, taxes up 56-pct, though a little below initial estimates
Ratings could be lowered further if rupee debt is re-structured
China is expecting to work separately
I would like to say that will not allow any harm to come to the beneficiaries
The loan is to provide economic stability
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