Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission

Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission

Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country’s primary deficit could widen further to 1.9 percent of GDP in 2020, due to newly implemented tax cuts and exemptions, clearance of domestic arrears, and backloaded capital spending from 2019. The mission reminds that fiscal prudence remains critical […]