International rating agency Moody’s yesterday that the 2015 Budget presented by President Mahinda Rajapaksa on Friday signalled continued fiscal deficit reduction. “Authorities were able to more than meet their target for the budget deficit in 2014, and aim to bring the deficit lower in the next year. Continued deficit reduction is premised on stronger economic and higher tax revenues, as expenditures will rise further in 2015. Read More
Moody’s says Budget 2015 signals continued deficit reduction; debt burden a concern
