People’s Bank recently entered into a partnership with the Central Cultural Fund (CCF), which falls under the Ministry of Buddhasasana, Religious and Cultural Affairs, to provide...
The recently released figures for 2021 show that government revenue has fallen from 9.2% of GDP in 2020 to 8.7% of GDP in 2021. Meanwhile, government...
ECONOMYNEXT – Sri Lanka’s military strength at 247,000 is too expensive to maintain and reserve force should be considered, ruling party legislator Mahindanda Aluthgamage has said....
Sri Lankan economy has contracted by 8.4 per cent in Q2 2022, according to Weekly Economic Indicators of the Central Bank. “This was mainly due to...
Sri Lanka’s economy likely shrank the most in two years amid a debt crisis that triggered a default and widespread protests that brought the nation to...