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Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget.
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The heat felt by the human body is expected to rise to the ’Caution Level’ tomorrow (19) in the Northern, North-Central, North-Western, Western and Southern Provinces, as well as in the Moneragala and Ratnapura districts, the Meteorology Department said.
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Considering the benefits provided to state sector employees in the 2025 budget, doubts arise over the effectiveness of decisions made regarding the public service, United Postal Trade Unions Front (UPTUF) Co- convener Chinthaka Bandara said.
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The Ceylon Electricity Board (CEB) acknowledged the recent island-wide power failure, explaining that the high penetration of non-synchronous solar PV reduced grid inertia, increasing its vulnerability to faults. This imbalance between generation and demand led to cascading disconnections, which ultimately resulted in a total power outage.