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BRIEF-Moody's says Sri Lanka's commitment to fiscal consolidation faces downside implementation risks
December 19, 2016 / 4:04 AM / 9 months ago

BRIEF-Moody's says Sri Lanka's commitment to fiscal consolidation faces downside implementation risks

Dec 18 (Reuters) - Moody‘s:

* Moody’s on Sri Lanka-significant fiscal tightening and higher inflation in response to the vat rate hike will dampen growth

* Moody’s - Sri Lanka’s commitment to fiscal consolidation faces downside implementation risks from weaker growth, higher inflation & fragile capital inflows

* Moody’s on Sri Lanka’s - 2017 budget confirms government’s strong commitment to fiscal consolidation with number of measures identified to improve tax revenues Source text for Eikon:

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