Sri Lanka deficit to move down with lower rates, PPPs: CB Governor

Tuesday, 06 August 2013 - 12:30



Central Bank Governor Nivard Cabraal said Sri Lanka's budget deficit will narrow and debt will slow with falling domestic interest rates and public private partnerships in infrastructure.


He said In 2014 the budget deficit is likely to be about 5.2 percent of gross domestic product.


Private investments in infrastructure would also increase.


Public Private Partnerships will also increase in the future, especially in roads.