Free and Open Access to
Public Finance Data and Analysis
Primary and Budget Balances move in opposite directions as interest payments increase!

The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in 3rd quarter 2022 to a positive LKR 124 Bn in 3rd quarter 2023. The Budget Deficit, however, worsened from LKR -1,244 to LKR -1,614, this can be explained by rising interest costs. Interest costs alone increased significantly from LKR 927 Bn in 3rd quarter 2022 to LKR 1,737 in 3rd quarter 2023.

Post your comments or questions in the tab below.

If you would like to receive our monthly newsletter, post a comment saying 'RQNL', including your email address.

Post a Comment