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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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Nearly half of Sri Lankan public dissatisfied with 2024 budget priorities – Study
Nearly half of Sri Lankans, especially TIN holders, are dissatisfied with the 2024 budget, prioritizing health, defence, and education.
2024-10-03
Daily Mirror
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Govt. should focus on reserve quality: Former CB Chief
The Government should concentrate on creating quality reserves by reducing the amount of inter-governmental financial arrangements, including swaps, and focus on structural reforms to improve Sri Lanka’s debt sustainability over the next five years, Economist and...
2021-03-04
DailyFT
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Finance Minister submits progress report for 2020
The Minister of Finance submitted the Report containing the physical progress of the projects implemented by the line ministries through the Capital Budget in 2020 to the Cabinet yesterday (01), as required by a cabinet decision dated 25 April 2018.
2021-03-02
Ceylon Today
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World Bank, EU support Sri Lanka’s agriculture modernisation, job creation via $ 125 m project
The Ministry of Finance and the World Bank recently signed a new grant from the European Union to support the Agriculture Sector Modernisation Project ( ASMP). This grant is part of the EU’s EUR 25 million support to the $ 125 million project and will be administe...
2021-02-05
DailyFT
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Proposal for Lanka to downgrade itself to low-income country
The Cabinet will take up tomorrow a proposal for Sri Lanka to revert from a middle-income country to a low-income country with the aim of obtaining concessionary funding from the International Development Association (IDA) — an arm of...
0222-10-09
The Sunday Times
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