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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/03/12

Fiscal consolidation plans need policy effectiveness and stronger growth: Moodys


Sri Lanka’s fiscal consolidation plans will be challenging without greater policy effectiveness and faster GDP growth, rating agency Moody’s warned yesterday, projecting that debt would remain at about 83% of GDP in 2020 with interest payments absorbing about 40% of Government revenue. On 5 March, Sri Lanka (B2 stable) presented its Budget for 2019, highlighting the Government’s credit-positive commitment to revenue-led fiscal consolidation and debt reduction, Moody’s said in a statement. After a fiscal deficit of 5.3% of GDP in 2018, the Government aims to reduce it to 4.4% of GDP in 2019 and to 3.5% in 2020, in line with its International Monetary Fund (IMF) program targets. - Daily Ft


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