Sri Lanka

Sri Lankan budget falls flat (again)

  • After slipping from 8.8% to 11.1% of GDP in 2021, MoF targets consolidation to 8.8% of GDP in 2022 and 4.8% by 2025

  • Budget is built on unrealistic assumptions with lack of concrete revenue and spending measures, so slippage is likely

  • Budget will fail to resolve economic and debt crisis, with default increasingly inevitable; retain Sell on eurobonds

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
November 15th, 2021
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

Research ratings explanation and full Tellimer disclaimers