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Management of State Expenditure during the Energy Crisis
In view of the prevailing war situation in the Middle East region and its impact on the economy, the Government has already taken several immediate measures to mitigate such effects. In parallel, the need has been identified to manage state expenditure within existing fiscal constraints and approved state expenditure limits, while ensuring the continuity of […]
Sri Lankan government institutes huge fuel price increases
The government's decision to reduce subsidies and hike fuel prices is driven by its determination to implement the IMF's austerity program requiring huge cuts to public spending.
Sri Lanka raises power tariffs as energy costs begin to bite - MSN
The new power prices are linked to a $2.9 billion program with the International Monetary Fund that Sri Lanka signed in 2023 to help recovery from a severe financial crisis. Under the program, Sri ...
Sri Lanka hikes electricity tariffs from April 1 amid energy crunch
Sri Lanka will raise electricity prices starting April 1. The Public Utilities Commission of Sri Lanka approved an 8.5 percent hike for households and industries. Those using over 180 units will see a 25 percent increase. Energy conservation measures are also being implemented in the state sector.
