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Total and primary deficits run in opposite directions
(Colombo: Verite Research, 2023-09-22)
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant ...
Interest payments weigh heaviest in 2022!
(Colombo: Verite Research, 2023-07-24)
The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest ...