Sri Lanka: Selected Issues and Statistical Appendix
September 26, 2002
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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.
Subject: Balance of payments, Current account, External debt, Financial services, Fiscal policy, Public debt, Real interest rates
Keywords: CR, Current account, debt ratio, debt-GDP ratio, deficit, GDP, Global, income tax tax base, ISCR, Real interest rates, revenue reform, saving-investment balance method, savings-investment balance
Pages:
96
Volume:
2002
DOI:
Issue:
208
Series:
Country Report No. 2002/208
Stock No:
1LKAEA0042002
ISBN:
9781451823516
ISSN:
1934-7685
