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(AFX UK Focus) 2010-03-02 06:05 Sri Lanka will overshoot IMF 2010 deficit target-finmin (Interacti

Mar 2, 2010 1:28:33 AM - yahoo.com
COLOMBO, March 2 (Reuters) - Sri Lanka significantly overshot its 2009 budget deficit target set by International Monetay Fund (IMF) and will fail to meet the target set for 2010, a Finance Ministry report data showed on Tuesday. The IMF had set budget deficit targets of 7 percent of GDP by end-2009 and 6 percent this year as conditions for a $2.6 billion loan approved last July to help Sri ...