Sri Lanka: Selected Issues and Statistical Appendix
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Summary:
This Selected Issues paper focuses on the fiscal position of Sri Lanka. The standard analysis shows that, prior to the adjustment announced in the 2002 budget, fiscal policy was clearly unsustainable, leading to a rising debt-to-GDP ratio. The paper looks at external debt and complements the analysis of the public debt dynamics. The baseline scenario shows that debt ratios decline significantly in the medium term, as a result of strong growth founded on renewed peace and political stability, far-reaching structural reforms, and stable macroeconomic conditions.
Series:
Country Report No. 2002/208
Subject:
Balance of payments Current account External debt Financial services Fiscal policy Public debt Real interest rates
English
Publication Date:
September 26, 2002
ISBN/ISSN:
9781451823516/1934-7685
Stock No:
1LKAEA0042002
Pages:
96
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