Notable
SCL on cars from April 2026
Download full budget speech here
However in 2025, the deficit is will be better than the initial projection
New tax incentive framework will be introduced
Sri Lanka's consumer prices have risen 3.4-pct over 39-months from September 2022
We think we can reach 2,540 billion rupees
.
Value added tax on milk and yoghurt will also be removed
Down from 105 percent in December 2023
Residual 2022 bonds in which Hamilton Reserve has a stake to continue to trade
Holdout Hamilton Reserve has claimed a 25 percent holding
We are very pleased to see this vote of confidence from our international and local bondholders
It's revenue target for the year was 232 billion rupees.
Redundant palaces were in Nuwara Eliya, Mahiyangana, Anuradhaputra, Kataragama, Jaffna, Embilipitya and Bentota
The loan is linked to financing coming in parallel with the Extended Fund Facility
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Sri Lanka was emerging from a successful stabilization crisis with lower inflation, rates and stronger exchange rate
Sri Lanka expects to wrap a debt exchange by December 31
Seeks authority to pay Rs4,197bn paid out of the consolidated fund including for debt repayment
Targeted subsidies instead of sweeping tax cuts
Ca national rating on watch for upgrade
I do not think it would be in the best interests of anyone to holdout
Some of the allocations are for grants
Agreements with bondholders mark a significant step forward
Four month vote-on-account on December 05 and 06
Local investors, mostly banks, hold about 12 percent of the bonds
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