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The shortfall is more than double the $549-million deficit the Liberal government had projected in its March 2025 budget.
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Engineering exports increased 24.86% on-year in August to $12.32 billion of which shipments to the US rose 31% to $2.2 billion, and to China were $424.65 million, up 75%.
The clarification came amid criticism from Opposition members over the Finance Department’s observations on the State’s finances.
Investors sought higher yields for SIDBI's three-year bonds as government bond yields hardened amid rising crude oil prices and higher US Treasury yields
UOB’s Quek Ser Leang and Lee Sue Ann note USD/JPY has risen for five straight sessions to 158.83, with momentum still positive but indicators deeply overbought.
Sri Lankan shares closed lower on Friday, led by losses in energy and utilities stocks, and ended the week marginally up after two weeks of losses.
NSE Chairman Srinivas Injeti said transaction-based income continues to be the exchange’s primary revenue source, although non-transactional businesses have steadily expanded over time
