Sri Lanka is still to secure the means to meet its upcoming foreign loan repayments - US$4.5 billion is due over the next year, to be followed by another US$4 billion in the subsequent year.

The Treasury finds it difficult to manage the cash flow as result of declining revenue collection at Sri Lanka customs and Inland Revenue Department due to work to rule campaigns of some section of employees.

Although the workers work to rule campaign at customs ended on Friday (22) the loss incurred by the Department per day was over a billion rupees as result of the showdown.

Sri Lanka’s cash flow management committee is facing a severe problem in managing the cash flow and the Finance Minister should put its act together to tackle the situation in a flexible manner a devoted official said.

The Customs, Inland Revenue and Excise Departments were underperforming and the government should remedy the situation as the public confidence on the present administration is gradually diminishing.

Sri Lankan Treasury Bill yields eased at the recent auction, with the 03-month bill falling to 8.71 percent from 8.75 percent at the auction on 7 September when they were last sold, Central Bank  data showed.

The six-month yield fell to 9.69 percent from 9.71 percent, and the one-year yield fell to 10.38 percent from 10.39 percent.

The Central Bank, received bids worth Rs51 billion and accepted Rs15.9 billion worth of bids.