The Sri Lanka-IMF programme aims for a positive 2.3% primary deficit by 2025, compared to a negative 6% level in 2021.
Dr. Nandalal Weerasinghe, Governor of the Central Bank, stated on Tuesday that the aim represents a 6% improvement. The primary deficit is expected to be negative 4% in 2022.
Given the tough fiscal imbalances, CBSL Chief stated that the aim is high and will necessitate significant modification.
The CBSL Chief’s revelation at the PIMA Strategic Forum on Tuesday was the first since the Government signed a Staff Level Agreement with the International Monetary Fund on 1 September for a four-year $ 2.9 billion Extended Fund Facility.