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State of The Budget Report 2022: Assessment on whether the expenditure allocations and taxation policies are in line with the government’s policy

This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2022. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.

How has the Amended (Interim) Budget Changed Allocations for 2022?

The Amended (Interim) Budget, which was presented to Parliament on August 30, 2022, altered allocations in the Approved Budget for 2022. Following the revisions to the Amended (Interim) Budget, total government expenditure for 2022 surpassed LKR 4 trillion....

Inconsistency in Budget Numbers Across Documents (2022)

In November 2021, the Government released the Budget Estimates and presented the budget speech on the same day. However, there exist inconsistencies across these two documents in the reported numbers on government revenue, expendit...

Summary of Fiscal Indicators, 1950 to 2022

The following chart displays the government revenue and expenditure as a share of GDP from 1950 to 2022. Move across the year axis to select a year and view the values for that respective year.