During the eleven months ending November 2024, government revenue and grants increased to Rs. 3,664.6 billion compared to Rs. 2,771.4 billion in the corresponding period of 2023 according to Central Bank data.
During this period, the overall budget deficit decreased to Rs. 1,217.3 billion compared to Rs. 2,020.3 billion recorded in the corresponding period of 2023. During the year up to 10th January 2025, the Sri Lanka rupee depreciated against the US dollar by 1.0%.
Workers’ remittances amounted to US dollars 613.8 million in December 2024, compared to US dollars 530.1 million in November 2024 and US dollars 569.7 million in December 2023. Total earnings from January to December in this segment was at USD 6,575.4 million showing an increase of 10.1 %. In 2023 this figure was recorded at USD 5,969.6 million.
Earnings from tourism amounted to US dollars 362.1 million in December 2024, compared to US dollars 272.9 million in November 2024 and US dollars 269.3 million in December 2023. Total earnings from January to December stood at USD 3,168.6 million showing a 53.2% increase as against 2023 which stood at USD 2,068.0 million.
The gross official reserves were provisionally estimated at US dollars 6,091 million as at end December 2024. This includes proceeds from the PBOC swap arrangement.
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