2024: Sri Lanka repaid 129Bn rupees, surpassing borrowing through treasury bonds and bills (4,852Bn).
In the first half of 2024, Sri Lanka repaid 129Bn rupees, surpassing its borrowing through treasury bonds and bills (4,852Bn). State Finance Minister Shehan Semasinghe highlights net borrowing over gross, noting that prior to economic recovery, govt relied on Central Bank financing, causing 70% inflation. Now, with the new Central Bank Act, the govt manages budget deficit independently.
July 21, 2024
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