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Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
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A Sri Lankan Household Spends 24% of Average Monthly Expenditure for One Full Tank of Petrol
Sri Lanka's fuel prices increased rapidly within the last few months, even though the Government representatives stated that Sri Lanka still had the lowest fuel prices in the region. However, with the latest fuel prices purchasing a full tank (45 Liters) of Petrol...
2022-05-05
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What does the Government’s acquisition of four-wheeled passenger vehicles for the use of Ministries look like over the years?
The Committee on Public Finance (COPF) Report on the 2018 Budget provides information on the number of four-wheeled passenger vehicle purchases made by the Central Government between 2012–2016. The Government purchased a total of 2,017...
2021-05-25
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