Notable
The settlements were made through a Tea for Oil Barter Agreement
Up to June Finance Ministry repaid US$863.6mn in principal payments, and US$495.3mn in interest.
SriLanka had boosted load factor, but still making losses
Customs revenue has surged by 60 percent in the first 10 months of this year
Budget current account is surplus to November
The committee negotiated bonds, whose principal and interest go up if GDP grows faster than expected
Sri Lanka advisors are separately looking at the issue
Capex picks up, interest bill flat, despite higher debt
We will be interested in convincing ourselves that this budget is in line with the program objectives
Sri Lanka is expecting to wrap up a bond exchange in December
Sri Lanka may have to boost revenues by 1.2-pct of GDP in 2025
We have a strong belief that the NPP can build an economy that will be bigger than the debt repayment share: President
It is a decision by the government, the fiscal authority
| 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 | - | - |
Oil import bill down amid other entrants
There were no final decisions made
Hope that we can move fast toward the third review which should start soon
Tax concessions outside of the SDP Act
The loan will be covered by a Treasury Guarantee
Health Ministry has said 49 companies could supply 454 medical supplies
China Exim is the first bilateral creditor to restructure its loans
Sri Lanka has raised its capital investment budget by 35% for this year compared to 2023
Recurrent spending growth contained at 4.4-pct to Rs2,042bn by August 2024, against a 14.5-pct budgeted number
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