Sri Lanka hopes to have a current account surplus in the balance of
payments after 2016, Central Bank Governor Nivard Cabraal said. He said
current revenues from the ruling administration's 'five hubs' concept
will increase in the future with tourism, airport and port services,
business process outsourcing revenues were set to increase.
Sri Lanka has a current account surplus partly because the capital account is partially closed for outward investments and because the government is a heavy borrower abroad. A capital account deficit country, or a country that builds up foreign reserves could have a current account surplus.
Sri Lanka has a current account surplus partly because the capital account is partially closed for outward investments and because the government is a heavy borrower abroad. A capital account deficit country, or a country that builds up foreign reserves could have a current account surplus.
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