Govt to present new budget to meet IMF expectations

Date:

The Government is preparing a new budget taking into account the measures proposed by the International Monetary Fund (IMF) to restore debt sustainability in Sri Lanka.

Foreign Minister, Prof. G.L. Peiris said this during talks with the United Nations Resident Coordinator Hanna Singer-Hamdy at the Ministry of Foreign Affairs.

During the discussion, Minister Peiris briefed the Resident Coordinator on the current situation in the country, particularly with regard to fuel, food and pharmaceutical shortage.

He expressed deep appreciation for the humanitarian assistance being received from bilateral and multilateral donors.

The Resident Coordinator explained the current status of the humanitarian assistance from the United Nations and its agencies.

She stated that the immediate assistance extended by the UN for Sri Lanka includes urea for the Maha season, pharmaceuticals, seeds and a school feeding programme, in addition to other on-going assistance programmes.

Minister Peiris also elaborated on the progress of the IMF talks and stated that the Government is in process of preparing a new budget, taking into account the measures proposed by the IMF to restore debt sustainability in Sri Lanka.

Share post:

spot_imgspot_img

Popular

More like this
Related

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a...

Shame on You JVP – Your Slip is Showing

By Adolf  The JVP has long built its political identity...

Sri Lanka’s Banks Show Strength on Paper as Reserves Slip Backward

Sri Lanka’s banking sector, long considered the backbone of...

Colombo Port Gridlock Threatens Sri Lanka’s Export Competitiveness

Sri Lankan exporters are once again facing mounting uncertainty...