Showing posts with label Government. Show all posts

06 March 2012

Foreign Holdings of Sri Lanka Government Bonds Increase

05th March 2012, www.island.lk

Foreign investor holdings in Sri Lanka government bonds rose to 225 billion rupees in the week ending February 29, up from 212 billion rupees a week earlier, official data showed.

Treasury bill holdings rose to 91 billion rupees from 84 billion rupees a year earlier, Central Bank data showed.

The bill holding has tended to fluctuate from week to week.

Sri Lanka’s government bonds yield over 10 percent a year and the rupee fell from around 110 to 120 following several months of sterilized interventions.

The central bank has said interventions may continue for at least two to three months for about 850 million US dollars.

Sterilization of those interventions would continue to put pressure on the rupee, analysts have warned.

Sri Lanka’s forex pressure came from developments in domestic credit market to which ‘hot money’ outflows have not contributed so far.

Related Info :

• There is No Capital Flight from Sri Lanka - Central Bank. IMF Deal to be Resumed

10 February 2012

Sri Lanka's Total Debt Amounts to Rs 5.15 Trillion by End November 2011. Foreign Debt Rs 2,329bn and Domestic Borrowings Rs 2,826bn

10th February 2012, www.news360.lk

Sri Lankan Government’s total outstanding debt by end November 2011 has risen to Rs 5,155.3 billion compared to Rs.4.537.2 billions, remained a year ago.

Out of the total debts remained as at November 2011, the Government has borrowed Rs. 2,825.8 billion from the domestic market. This is an increase compared to Rs. 2,548.3 billion remained by end November 2010.

Sri Lanka’s foreign debt also has risen to Rs. 2,329.5 billion by November 2011, from Rs. 1988.8 billion stood by the end of the same month in 2010.

Out of the total domestic debt component of Rs. 2,825.8 billion stood by November 2011, the government has borrowed Rs. 615.8 billion by selling treasury bills. This is an increase compared to Rs. 509.1 billion remained by end November 2010.

Up to November 2011, the government has borrowed Rs. 1,812.1 billion via selling Treasury bonds; an increase compared to Rs.1,648.2 billions of Treasury bond related debts remained a year ago.

Debts through rupee loans stood at Rs. 62 billion by end November 2011, same as the previous year.

Related Info :

• Sri Lanka Debt to GDP Ratio Falls to 78pct from 82pct in 2010

16 March 2011

Sri Lanka Government Revenue Goes up in 2010

16th March 2011, www.news360.lk

The Sri Lankan government’s revenue during the first eleven months of the year 2010 has risen by 16.5% to stand at Rs. 737 billion compared to the last year same periods Rs. 633 billion.

Government has spent Rs. 852.8 billion as recurrent expenditure up to November 2010, which is an increase of 3.1% over the corresponding period of 2009.

In 2009, during the same period only Rs. 827 billion has been incurred on recurrent expenditure.

The Capital expenditure including net lending during the same period has jumped by 17.7% to reach Rs. 306.2 billion.

Up to November 2009, the spending on capital expenditure and net lending has been Rs. 260.2 billion.

During the year 2010, the Government’s sourcing of funds from the domestic market has gone down by 14.8%.

Accordingly, up to November the Government has borrowed only Rs. 172.8 billion from the domestic sources, which has mainly come from selling Treasury bonds and bills.

Sourcing of funds from the foreign sources has marginally gone up by 3.2% to stand at Rs. 236.8 billion, during the year 2010 first eleven months.

Related Info :

• Sri Lanka Exports Highest in December 2010. Remittances up 23.6pct in 2010 while Trade Deficit Expands 66.7pct on Import Growth

• Sri Lanka Bank Lending to Private Sector up 27.8pct in 2010. New Loans Rs290bn. Reduction in Current Interest Margin of 4.5pct Urged

• Sri Lanka's $ 1bn 10yr Sovereign Bond May Yield 6.5pct and Expected to be Comfortably Oversubscribed

• Sri Lanka’s Equity & Capital Market Sees $459mn Net Inflow in 2010 from Total Inflow of $1.91bn