Topics
Explore
Featured Insight
How Sri Lanka Spent, Earned, and Borrowed in 2024?
The recently released CBSL Economic review shows that in 2024, government expenditure totalled LKR 6,131 billion. Nearly half—LKR 2,690 billion, or 44 percent—went on interest payments for existing debt. Day-to-day costs consumed much of the rest: salaries and wages amounted to LKR 1,066 billion, while pensions and welfare transfers absorbed LKR 1,234 billion. Only LKR 791 billion was spent on capital investment, illustrating how debt service continues to stifle development spending. Revenue reached LKR 4,091 billion, covering roughly two-thirds of total spending. Consumption taxes bore the brunt of collection: VAT and excise duties generated LKR 2,181 billion—more than half of all revenue. Income taxes contributed LKR 1,026 billion. Despite this, the Treasury posted a LKR 2,041 billion deficit, borrowing to fund a third of its budget. In short, debt service is largely consuming the expenditure, consumption taxes are carrying revenue, and borrowing remains essential to balance the books.
Featured Insight
How Sri Lanka Spent, Earned, and Borrowed in 2024?
The recently released CBSL Economic review shows that in 2024, government expenditure totalled LKR 6,131 billion. Nearly half—LKR 2,690 billion, or 44 percent—went on interest payments for existing debt. Day-to-day costs consumed much of the rest: salaries and wages amounted to LKR 1,066 billion, while pensions and welfare transfers absorbed LKR 1,234 billion. Only LKR 791 billion was spent on capital investment, illustrating how debt service continues to stifle development spending. Revenue reached LKR 4,091 billion, covering roughly two-thirds of total spending. Consumption taxes bore the brunt of collection: VAT and excise duties generated LKR 2,181 billion—more than half of all revenue. Income taxes contributed LKR 1,026 billion. Despite this, the Treasury posted a LKR 2,041 billion deficit, borrowing to fund a third of its budget. In short, debt service is largely consuming the expenditure, consumption taxes are carrying revenue, and borrowing remains essential to balance the books.
Featured Insight
How Sri Lanka Spent, Earned, and Borrowed in 2024?
The recently released CBSL Economic review shows that in 2024, government expenditure totalled LKR 6,131 billion. Nearly half—LKR 2,690 billion, or 44 percent—went on interest payments for existing debt. Day-to-day costs consumed much of the rest: salaries and wages amounted to LKR 1,066 billion, while pensions and welfare transfers absorbed LKR 1,234 billion. Only LKR 791 billion was spent on capital investment, illustrating how debt service continues to stifle development spending. Revenue reached LKR 4,091 billion, covering roughly two-thirds of total spending. Consumption taxes bore the brunt of collection: VAT and excise duties generated LKR 2,181 billion—more than half of all revenue. Income taxes contributed LKR 1,026 billion. Despite this, the Treasury posted a LKR 2,041 billion deficit, borrowing to fund a third of its budget. In short, debt service is largely consuming the expenditure, consumption taxes are carrying revenue, and borrowing remains essential to balance the books.
Featured Insight
How Sri Lanka Spent, Earned, and Borrowed in 2024?
The recently released CBSL Economic review shows that in 2024, government expenditure totalled LKR 6,131 billion. Nearly half—LKR 2,690 billion, or 44 percent—went on interest payments for existing debt. Day-to-day costs consumed much of the rest: salaries and wages amounted to LKR 1,066 billion, while pensions and welfare transfers absorbed LKR 1,234 billion. Only LKR 791 billion was spent on capital investment, illustrating how debt service continues to stifle development spending. Revenue reached LKR 4,091 billion, covering roughly two-thirds of total spending. Consumption taxes bore the brunt of collection: VAT and excise duties generated LKR 2,181 billion—more than half of all revenue. Income taxes contributed LKR 1,026 billion. Despite this, the Treasury posted a LKR 2,041 billion deficit, borrowing to fund a third of its budget. In short, debt service is largely consuming the expenditure, consumption taxes are carrying revenue, and borrowing remains essential to balance the books.
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Insights
All
Agriculture and Irrigation
Articles
Budget 2021
Budget 2022
Budget 2023
Budget 2024
Budget 2025
Civil Administration
Debt
Defence and Public Order
Education
Employee Provident Fund (EPF)
Energy and Water Supply
Environment
Expenditure
Financing
Health
International Monetary Fund
Maldives
Revenue
Social Protection and Welfare
Transport and Communication
Urban Development and Housing
Tags
All
All
Action Plan
Actual
Annual Report
Appropriation Bill
Asset Management
Audit
Bank
Bonds
Budget
Central Bank of Sri Lanka
Compensation
COPF
Corporate
Covid
Customs Duty
Customs
Debt Management
Debt
Deficit Financing
Development
Disaster
Elections
Employee Provident Fund
Employment
EPF
ESC
Estimate
Excise
Expenditure
External Debt
Finance Act
Financing
Fiscal Policy
Gaming Tax
Gazette
Grant
Health
IMF
Income Tax
Loans
Macroeconomics
Ministry of Finance
Motor Vehicles
National Evaluation Policy
NBT
PAL
Parliament
Performance Report
Procurement
Progress Report
Project Progress
Provincial Council Budget
Public Finance
Remuneration
Reserves
Revenue
Scams
SCL
SOEs
Stamp Duty
State-Owned Enterprises
Tax Exemptions
Tax Incentives
Tax Reforms
Tax Revenue
Tax
Telecommunication Levy
Tobacco
VAT
vote on account
Data
Reports
Acts and Gazettes
Insights
Filter by year
From
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
To
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Maldives' net international reserves turn negative
For the first time in its history, the Maldives' net international reserves fell below zero at the end of October 2024. This marks a critical point in the country’s external position and raises concerns about the adequacy of foreig...
2025-04-29
View Insight*
Maldivian government’s interest costs nearly doubled since 2021
In 2024, the Maldives is expected to spend 5.1% of its GDP on interest payments for government debt, up from 2.6% in 2021. In 2019, it was only 1.7% which is one-third of the current level.
2025-03-27
View Insight*
VAT revenue collection: Maldives highest, Sri Lanka lowest
Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax rate collects nearly 5 times more through its Goods and Services Tax (GST).
2025-02-09
View Insight*
The Maldives’ primary deficit still remains high
The Maldives’ primary deficit has increased since 2020, raising concerns about the country’s debt sustainability. This contrasts with Sri Lanka, where the primary deficit also increased but recovered, following its sus...
2025-01-20
View Insight*
Maldives’ reserves continue to dip
The external reserves of the Maldives have been on a declining trend since June 2020. At that time, the gross reserves held by the Maldives Monetary Authority amounted to USD 702.5 million , sufficient to finance
2024-12-05
View Insight*