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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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Govt.’s tax revenue effort gathers momentum in 1H
In the first half of 2024, the overall budget deficit significantly decreased to Rs. 598.7 billion, down from Rs. 1.24 trillion in the same period of 2023, reflecting improved fiscal management. ...
2024-08-26
Daily FT
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International Monetary Fund
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[10:28 AM] Jason Hingert සේවක අර්ථසාධක අරමුදල ஊழியர் சேமலாப நிதியம்
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Rupee expected to dip to Rs.310-320 range later this year: FCR
The Sri Lankan rupee is likely to depreciate in the range of Rs.310-320 against the US dollar in the latter part of the year, First Capital Research (FCR) said.
2024-05-16
Daily Mirror
மேலும் வாசிக்க
Must continue raising taxes to stay in IMF prog.
Sri Lanka must continue to raise taxes to achieve a budget surplus excluding interest payments in 2025 and beyond as per the bailout plan by the International Monetary Fund (IMF), Bloomberg Intelligence said.
2024-05-16
The Morning
மேலும் வாசிக்க
SL Reserves to surpass USD 6.3 Bn. by 2024 end
Sri Lanka's official reserves jumped by 23% in December 2023, reaching USD 4.4 billion, and further climbed to USD 5.4 billion by April 2024. First Capital Research...
2024-05-16
Daily News
மேலும் வாசிக்க
FX Global Code to be rolled out by end 2024
The Central Bank plans to implement the FX Global Code in the domestic forex market by the end of this year. The aim is...
2024-05-15
Daily Mirror
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