Public Finance Data and Analysis
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Governments have consistently overestimated revenue and these deviations have increased in value since 2014. Overestimations in revenue compel governments to (1) decrease expenditure, and (2) increase borrowings. Watch our video to learn more.
In 2018, the deviation in government revenue was LKR 295 billion. The main contributors were shortfalls in VAT and Import Duties.
Refer the Public Report on Budget 2021 for further details
