Foreign reserves also diminished after the recent central bank intervention to support an implicit peg of the Sri Lanka rupee to the U.S. dollar.

Sri Lanka rupee (LKR) Application fee:

The Premier League was predicted to generate almost 580 million Sri Lanka rupees of annual income for the Sri Lankan economy.

The sports minister submitted a cabinet paper requesting one billion Sri Lanka rupees to bail out Sri Lanka Cricket but the treasury said it could not release that amount of money.

The chairman of Sri Lanka's Ceylon Petroleum Corp. said the increases would allow the company merely to halve its losses from 175 million Sri Lanka rupees ($1.62 million) a day.

The budget he presented in parliament also forecast gross foreign borrowing to rise 17.7 percent to 222.5 billion Sri Lanka rupees ($2.02 billion), which analysts said would pose a serious risk if the country keeps taking expensive commercial financing.

The move is expected to release around 17 billion Sri Lanka rupees ($154.7 million) into the market, and the central bank said it expected market interest rate spreads to come down to 'lower and more desirable rates'. '

The Central Bank would favour a limited depreciation of the Sri Lanka rupee so as to...maintain Sri Lanka's export competitiveness across all export and import competing industries,' the central bank said in a statement.

Sri Lanka Cricket has run into debt of 3.7 billion Sri Lanka rupees since financing the building of three international cricket stadiums in Hambantota, Pallakele and Colombo to host 12 World Cup matches.

As a result, the fees that are paid in Sri Lanka Rupees will be adjusted whenever the difference in the rate of exchange between the Canadian Dollar and the Sri Lanka Rupee varies by more than 5%.