Moody's: Sri Lanka's commitment to fiscal consolidation faces downside implementation risks from weaker growth, higher inflation and fragile capital inflows
New York, December 18, 2016-- Moody's Investors Service says that Sri Lanka's program with the International Monetary Fund has helped stabilize the balance of payments and established an ambitious roadmap to fiscal consolidation and structural reform. However, sustained implementation of reforms will be challenging. The 2017 budget confirms the government's strong commitment to fiscal consolidation with a number of measures identified to improve tax revenues.
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