Fiscal Situation of General Government: Net Lending/borrowing for Sri Lanka
LKAGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10.22
Year-over-Year Change
51.95%
Date Range
1/1/1990 - 1/1/2022
Summary
This trend measures the net lending or borrowing position of Sri Lanka's general government as a percentage of GDP. It is a key indicator of the government's fiscal health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The net lending/borrowing statistic represents the difference between government revenue and expenditure. A positive value indicates a fiscal surplus, while a negative value signals a deficit that must be financed. This metric is widely used to assess a country's fiscal policy and long-term fiscal sustainability.
Methodology
The data is calculated by the International Monetary Fund based on national accounts and government finance statistics.
Historical Context
Policymakers and economists closely monitor this trend to evaluate the government's fiscal management and its implications for the broader economy.
Key Facts
- Sri Lanka's net lending/borrowing ratio averaged -6.7% of GDP from 2010-2019.
- The government's fiscal deficit widened significantly during the COVID-19 pandemic.
- Reducing the fiscal deficit is a key priority for Sri Lanka's economic reform efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net lending or borrowing position of Sri Lanka's general government as a percentage of GDP. It represents the difference between government revenue and expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess a country's fiscal policy and long-term fiscal sustainability. Policymakers and economists closely monitor this trend to evaluate the government's fiscal management and its implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts and government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate the government's fiscal management and its implications for the broader economy. Reducing the fiscal deficit is a key priority for Sri Lanka's economic reform efforts.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as governments update their fiscal reporting.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for Sri Lanka (LKAGGXCNLG01GDPPT), retrieved from FRED.