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Sri Lanka' budget deficit exceeded target, IMF delays third tranche

Dec 19, 2011 11:15:26 AM- colombopage.com
Feb 25, Colombo: Sri Lanka, by a substantial amount exceeded the overall deficit target of 7 percent of GDP required to receive the third tranche of the US$ 2.6 billion stand-by agreement and disbursing the installment would be delayed until after the general elections, an International Monetary Fund (IMF) official said today.