Notable
Ministries to submit proposals within allocated limits by end July
Short term solutions and long term framework expected
Already Sri Lanka has signed debt restructuring agreement with China, Japan, and India
The buffer is not foreign reserves as the IMF and macroeconomists imagine, it is the interest rate
For 2025, Rs50 bn will be sought
This request is currently under consideration and subject to approval by the IMF board
Public debt with SOE guaranteed debt fell to 106.8 pct of GDP in March 2024 from 112.7-pct in Dec
Politicians get completely tax free cars while plebeians pay taxes of over 200-pct for mobility
Interest income shot up from Rs3.3bn in 2021 to Rs10.4bn after default
Primary surplus, net international reserves, tax revenue floor indicative targets exceeded
A nationwide digital Sales Price and Rents Register (SPRR) is to be set up by March 2025
Rules-based eligibility criteria for granting time-bound incentives to Parliament by end-February 2025
Services export tax exemption to be eliminated
Expects all bilateral creditor to wrap up final MOUs in June
When they are submitted, they exchange it with their membership
Govt takes over debt owed to state banks
| 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 | - | - |
"Taxes yield greater benefit to the public with far less financial cost and resources,"
Makes Rs8.6bn levy to the Treasury to settle earlier dues
Investment income rose to 28.7 billion rupees from 13.7 billion rupees in 2022
There were cabinet papers submitted to get approval for changes required for debt restructuring
Large portions of losses in recent years have come from exchange losses
Interest bill has started to ease
Rupee debt continues expand amid deficit
We have to open the second round of negotiations with bondholder
Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation
Information not to be used retrospectively, Minister says
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