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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
COLOMBO (Reuters) -Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the ...
The Sri Lanka women's cricket team is selected for the 2024 ICC Women's T20 World Cup after winning the 2024 ICC Women's T20 World Cup Qualifier final against Scotland. [ 61 ] 10 May – Mujibur Rahman is reappointed to parliament as a National List MP , replacing the unseated Diana Gamage.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Sri Lanka unveils a budget on Monday attempting to put the South Asian government's finances in order, with reforms to advance a $2.9 global billion bailout from the island's worst financial ...
Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had ...
The Sri Lanka Electricity Act, No. 36 of 2024 is a landmark legislative act enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka. Certified on 27th June 2024, the Act introduces substantial reforms to the electricity industry in Sri Lanka, aiming to improve efficiency, attract investment, and promote the use of renewable energy sources.
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the ...