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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018

Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018

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ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018

 Sri Lanka is now confident of managing debt repayments if targets for narrowing budget deficits are kept on track, with a new debt management law also helping, Central Bank Governor Indrajit Coomaraswamy said.

"We are confident that provided country is maintaining fiscal consolidation we will be able to manage our rather onerous debt burden," Governor Coomaraswamy said.
He said the passing of a new active liability management law, has given the Treasury considerable 'headroom' to managed debt.

China has given Sri Lanka billion dollar loan for eight years at below market rates to help meet immediate debt obligations with many Chinese loans also falling due as grace periods ended.
https://economynext.com/Sri_Lanka_co...3-11698-1.html

samaritan


Moderator
Moderator
@ruwan326 wrote:Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018

 Sri Lanka is now confident of managing debt repayments if targets for narrowing budget deficits are kept on track, with a new debt management law also helping, Central Bank Governor Indrajit Coomaraswamy said.

"We are confident that provided country is maintaining fiscal consolidation we will be able to manage our rather onerous debt burden," Governor Coomaraswamy said.
He said the passing of a new active liability management law, has given the Treasury considerable 'headroom' to managed debt.

China has given Sri Lanka billion dollar loan for eight years at below market rates to help meet immediate debt obligations with many Chinese loans also falling due as grace periods ended.
https://economynext.com/Sri_Lanka_co...3-11698-1.html
How do you narrow budget deficits when there is no effective tax collection mechanism. For example there are people who are buying vehicles worth 8 to 10 million rupees but do not have tax files. The number of tax files at the IRD are very insignificant in comparison  to the population. Compliance is very low.


_________________




The biggest risk in life is not taking any risk at all.

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Agree with Samaritan. The whole system is so corrupted

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:
@ruwan326 wrote:Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018

 Sri Lanka is now confident of managing debt repayments if targets for narrowing budget deficits are kept on track, with a new debt management law also helping, Central Bank Governor Indrajit Coomaraswamy said.

"We are confident that provided country is maintaining fiscal consolidation we will be able to manage our rather onerous debt burden," Governor Coomaraswamy said.
He said the passing of a new active liability management law, has given the Treasury considerable 'headroom' to managed debt.

China has given Sri Lanka billion dollar loan for eight years at below market rates to help meet immediate debt obligations with many Chinese loans also falling due as grace periods ended.
https://economynext.com/Sri_Lanka_co...3-11698-1.html
How do you narrow budget deficits when there is no effective tax collection mechanism. For example there are people who are buying vehicles worth 8 to 10 million rupees but do not have tax files. The number of tax files at the IRD are very insignificant in comparison  to the population. Compliance is very low.
You need to ask Central Bank Governor Indrajit Coomaraswamy Very Happy Very Happy

5Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018 Empty Bring the best out of you Wed Aug 29, 2018 9:41 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@skyfall wrote:Agree with Samaritan. The whole system is so corrupted
Well, there was a time I thought I can change the world Wink

But when you reach mid 30s you will realize many things in this world if you are lucky.

Every system works on 0-9 digits to make you a obedient slave using watch/calendar and money Very Happy


So leave all the systems and politics and focus on your self and your loved once cause you can not change any system including yours Wink World is run by universal laws and systems which no man can change.Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018 F2712
Sri Lanka confident of managing public debt: CB Governor-Aug 29 2018 F2812

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