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Table 06 (Comparison)
Monetary and Fiscal Indicators  (2005-2007)
comp 06e
    Indicator Ref. Year Sri Lanka Afghanistan Bangladesh Bhutan India Maldives Nepal Pakistan Indonesia Malaysia Philippines Rep.of Korea Singapore Thailand
Reserve Money                    (Million US $) 2005 1,938        n.a. 5,112 289 118,551 223 1,343 16,557 27,785 13,885 8,482 42,231 14,057 20,288
2006 2,227 3,050 6,578 271 136,721 264 1,506 19,744 37,824 15,863 14,665 54,326 16,210 22,017
2007 2,432 1,379 7,335 320 195,388 340 1,835 16,599 47,949 18,575 25,818 60,690 18,619 26,049
Narrow Money M-1             (Million US $) 2005 2,259 1,125 5,526 203 189,810 237 1,404 30,267 29,047 32,724 11,196 324,524 27,689 22,648
2006 2,411 1,401 6,257 228 214,620 290 1,570 66,018 39,423 38,453 14,938 388,655 32,878 24,630
2007 2,452 2,297 7,354 404 276,582 344 1,908 67,341 50,404 49,129 19,185 340,464 42,425 29,084
Broad Money  M-2             (Million US $)                   (% of GDP) 2005 8,058 1,187 23,565 421 618,946 522 4,209 53,799 123,979 162,580 42,013 997,411 132,058 137,444
% 33.6         n.a. 40.9 53.5 23.2 69.7 56.3 49.3 43.2 118.6 42.6 126.0 113.2 90.8
2006 9,222 1,608 26,281 463 745,151 630 4,773 61,041 150,898 195,699 54,463 1,203,668 165,138 155,517
% 33.8         n.a. 43.5 50.5 23.4 68.0 59.6 48.4 41.4 125.4 46.3 135.5 125.0 87.3
2007 10,577 2,401 30,779 652 967,905 779 5,952 72,554 179,723 231,664 66,988 1,370,506 197,438 240,947
  % 32.1         n.a. 45.3 n.a. 24.5 73.8 54.4 50.6 41.5 124.2 46.5 141.3 122.4 98.0
Composition of Broad Money (%)
Currency 2007 15.1 47.8 12.6 10.8 14.2 11.4 21.1 22.9 11.2 4.5 11.6 1.7 5.6 8.7
Demand Deposits 2007 31.9 47.6 11.3 51.2 14.4 32.7 10.9 69.9 16.9 16.7 17.0 23.1 15.9 3.4
Quasi-Money 2007 53.0 4.5 76.1 40.0 71.4 55.8 67.9 7.2 72.0 78.8 71.4 75.2 78.5 87.9
Change of Money (a)  (% )
Narrow Money M-1 2005 21.3 38.2 7.8 14.0 31.2 22.2 10.0 14.8 2.3 8.8 11.0 15.5 6.0 6.0
2006 6.7 24.5 11.7 12.3 13.1 22.4 10.6 118.2 35.7 17.5 33.8 19.8 18.7 8.8
2007 1.7 64.0 17.5 77.1 28.9 18.6 21.5 2.0 27.8 27.8 28.3 12.4 29.0 18.1
Broad Money M-2 2005 5.0 45.8 8.1 13.1 24.6 11.8 11.8 14.6 7.2 15.7 11.7 19.7 7.8 8.6
2006 14.4 35.5 11.5 10.0 20.4 20.7 13.4 11.9 21.7 20.4 29.6 20.7 25.0 13.1
2007 14.7 49.3 17.1 40.8 29.9 23.7 24.7 18.2 19.1 18.4 23.0 13.9 19.6 55.1
Causal Factors in Broad Money   (Million US $)
Net Foreign Assets 2007 2,078 3,252 4,774 611 306,247 36 1,985 13,900 57,388 111,640 35,376 238,966 157,411 104,539
Domestic Credit 2007 11,988 30 29,658 246 838,612 1,080 5,429 65,519 168,288 210,678 67,694 1,586,710 123,461 236,150
Net Other Items  2007 3,509 1,123 3,653 206 176,955 -265 -1,462 -6,865 -45,934 -80,228 -19,486 -455,171 -83,436 -99,742
Money Multiplier (b)
for Narrow Money                       M-1 2005 1.2 n.a. 1.1 0.7 1.6 1.1 1.0 1.9 1.0 2.4 1.3 7.7 2.0 1.1
2006 1.1 0.5 1.0 0.8 1.6 1.1 1.0 3.3 1.0 2.4 1.0 7.2 2.0 1.1
2007 1.0 1.7 1.0 1.3 1.4 1.0 1.0 4.1 1.1 2.6 0.7 5.6 3.1 1.1
for Broad Money                 M-2  2005 4.2          n.a. 4.6 1.5 5.2 2.3 3.1 3.2 4.5 11.7 5.0 23.6 9.4 6.7
2006 4.1 0.5 4.0 1.7 3.5 2.4 3.2 3.1 0.4 12.3 3.7 22.1 8.3 7.1
2007 4.3 1.7 4.2 2.0 5.0 2.3 3.2 4.4 n.a. n.a.         n.a. n.a. n.a. n.a.
Income Velocity of Money (c)
for Narrow Money                       M-1 2005 10.5         n.a. 11.0 4.0 4.2         n.a. 5.4 3.7 9.4 4.1 9.4 2.4 4.2 6.8
2006 11.2         n.a. 10.2 4.0 4.2         n.a. 5.2 1.9 8.8 3.9 8.5 2.3 3.9 8.2
2007 13.3         n.a. 10.0 2.3 4.1         n.a. 5.8 2.2 6.7 3.7 8.2 2.9 3.7 8.2
for Broad Money                 M-2  2005 2.9         n.a. 2.6 1.9 1.3         n.a. 1.8 2.1 2.2 0.8 2.5 0.8 0.9 1.1
2006 2.9         n.a. 2.4 2.0 1.2         n.a. 1.7 2.1 2.3 0.8 2.4 0.7 0.8 1.3
2007 3.1         n.a. 2.4 1.4 1.2         n.a. 1.9 2.0 1.9 0.8 2.3 0.7 0.8 1.0
Fiscal Operation Indicators (of GDP)  (%)
Revenue 2007 15.8          n.a. 10.6        n.a. 12.1 49.4 11.7 14.9 17.9 21.8 17.1 27.0 n.a. 17.2
Total Expenditure 2007 23.5         n.a. 14.3        n.a. 15.1 66.9 16.0 19.3 19.1 25.0 17.1 22.5        n.a. 19.2
Budget Surplus (+) or Deficit(-) 2007 -7.7         n.a. -3.3         n.a. -3.1 -7.9 -6.9 -4.0 -1.2 -3.2 -0.2 3.8        n.a. -1.7
© 2010, KRI (Kusaka Research Institute)  Revised: 2010(y)/04(m)/30(d)
Source:  Chief Editor:
Economic and Social Statistics Of Sri Lanka Dr. Milton Rajaratne (B.Com., M.Sc., Ph.D.)
Key:  n.a - Not available        The Former Head, Department of Management Studies
(a) Percentage change of amounts in domestic currency      University of Peradeniya, Sri Lanka
(b) Multiplier of Money to Reserve Money
(c) Ratio of GDP to Money