SL records US$ 1 bn BoP surplus
29 September 2011 11:39 am
Sri Lanka recorded a Balance of payment (BoP) surplus of US$ 1, 006 in the first seven months of 2001, amidst officials reserves hitting over US$ 8 billion the Central Bank said.
The cumulative earnings from exports during the seven months rose 30.3 percent to US$ 6, 104 million. On the other hand expenditure on imports increased 48.3 percent to US$ 11, 091 billion.
"The increase in imports expenditure was spurred by the increase in imports of intermediate goods and investment goods, such as machinery and equipment and building materials, which set a satisfactory foundation for future growth" Central Bank said.