Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Uditha Jayasinghe

Sri Lanka in 'final stage' of IMF talks; budget deficit widens

FILE PHOTO: Sri Lanka's President Ranil Wickremesinghe looks on during an interview with Reuters at Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka August 18, 2022. REUTERS/ Dinuka Liyanawatte

Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had reached the "final stage".

The budget revised up the island nation's deficit projection for 2022 to 9.8% of the gross domestic product from 8.8% earlier, while outlining a slide in tax revenue and a sharp net increase in expenditure.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.