රාජ්‍ය මූල්‍ය දත්ත හා විශ්ලේෂණයන් සඳහා
නිදහස් හා විවෘත ප්‍රවේශය
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Government revenue surges 32% in 2024

  • Sri Lanka’s government revenue increased by 32.2% y-o-y to Rs. 3,650.9 billion by November 2024, achieving 88.9% of the annual target, while expenditure rose slightly by 1.9% y-o-y to Rs. 4,881.9 billion. The primary balance recorded a surplus of Rs. 927.8 billion, and the budget deficit stood at Rs. 1,217.3 billion, with net borrowing at Rs. 1,713.4 billion. Reduced expenditure was driven by lower interest costs due to a 5.9% decline in treasury bill rates.

 

Sri Lanka’s government revenue rose by 32.2% year-on-year (y-o-y) to Rs. 3,650.9 billion in the first eleven months of 2024, achieving 88.9% of the annual target of Rs. 4,107 billion, with taxes on goods and services contributing Rs. 1,974.5 billion. Meanwhile, total expenditure increased marginally by 1.9% y-o-y to Rs. 4,881.9 billion, representing 70.9% of the annual estimate. The primary balance recorded a surplus of Rs. 927.8 billion, a 180% y-o-y improvement, surpassing the annual estimate of a Rs. 199.8 billion deficit, while the budget deficit stood at Rs. 1,217.3 billion. Government borrowing reached Rs. 1,713.4 billion out of an estimated Rs. 2,333.4 billion, with loan disbursements amounting to $1,524.4 million, including $53.3 million in bilateral disbursements. The reduction in expenditure was attributed to lower interest costs, supported by a 5.9% decline in the three-month treasury bill rate, according to the Department of Fiscal Policy (DFP).


Government revenue surges 32% in 2024 | The Morning

The Morning
2025-01-10