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Total and primary deficits run in opposite directions
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase an interest payments. Revenue increased by 43 percent from LKR 918 Bn to LKR 1315 Bn resulting in the primary deficit turning from a deficit into a surplus. Total expenditure increased as well, from LKR 1822 Bn in Q2 2022 to LKR 2560 Bn in Q2 2023, noting a 40 percent increase.
Featured Insight
Total and primary deficits run in opposite directions
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase an interest payments. Revenue increased by 43 percent from LKR 918 Bn to LKR 1315 Bn resulting in the primary deficit turning from a deficit into a surplus. Total expenditure increased as well, from LKR 1822 Bn in Q2 2022 to LKR 2560 Bn in Q2 2023, noting a 40 percent increase.
Featured Insight
Total and primary deficits run in opposite directions
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase an interest payments. Revenue increased by 43 percent from LKR 918 Bn to LKR 1315 Bn resulting in the primary deficit turning from a deficit into a surplus. Total expenditure increased as well, from LKR 1822 Bn in Q2 2022 to LKR 2560 Bn in Q2 2023, noting a 40 percent increase.
Featured Insight
Total and primary deficits run in opposite directions
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase an interest payments. Revenue increased by 43 percent from LKR 918 Bn to LKR 1315 Bn resulting in the primary deficit turning from a deficit into a surplus. Total expenditure increased as well, from LKR 1822 Bn in Q2 2022 to LKR 2560 Bn in Q2 2023, noting a 40 percent increase.
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Budget 2025
Budget 2025
Detailed analysis of the 2025 Budget
Sri Lanka's mounting interest cost: The largest expenditure in Budget 2025
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments...
From The PF Wire
Source:
Daily Mirror
Budget 2025 aimed at involving all segments linked...
President Anura Kumara Dissanayake emphasized the need for the 2025 budget to ensure equitable economic distribution, extend urban benefits to grassroots levels, strengthen public transportation, optimize decentralised funds,...
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Insight on Budget 2025
Sri Lanka's mounting interest cost: The...
In budget 2025, LKR 2,950 billion (8.9% o...
Budget 2025- Expenditure Proposals
Major expenditure proposals from the 2025...
Budget 2025: Sector-Wise Expenditure Pr...
Here are the key sectoral expenditure pro...
Summary of the Budget 2025
Here is a summary of the 2025 Budget: the...
Sectoral Allocations: Budget 2025
Sectoral allocations from the 2025 Budget.
Which ministry's budget was increased th...
...
NPP manifesto promises on infrastructure
The NPP's 2024 Presidential Election...
NPP manifesto promises on defense and pu...
The NPP's 2024 Presidential Election...
NPP manifesto promises on agriculture
The NPP Presidential Election manifesto f...
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Featured
Summary of the Budget 2023
Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit.
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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000....
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Why Tracking the IMF Programme Implementation is o...
This article was compiled by Dr. Nishan de Mel and Raj Prabu Rajakulendran. Dr. Nishan de Mel is the Executive Director of Verité Research and an ec...
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