Sri Lanka’s rate hike partly due to fiscal slippage on VAT: Coomaraswamy

‘s rate hike partly due to fiscal slippage on VAT: Coomaraswamy

July 29, 2016 (LBO) – Sri Lanka’s 50 basis point rate hike on Thursday was partly due to fiscal slippage arising from a delay in hiking the value added tax, Governor Indrajit Coomaraswamy said. Sri Lanka budgeted for a two percentage points of GDP reduction in the budget deficit this year, but delays to a […]