Governement to borrow additional LKR 400 Bn for deficit financing

The Cabinet of Ministers cleared a request to increase the government’s credit limit by further Rs.400 billion to Rs.3.39 trillion for 2021, under Appropriation Act No. 7 of 2020, to meet the pandemic-related additional expenditure requirements amid the declining state revenue. In the first half of the year, the overall budget deficit expanded by 6 percent year-on-year to Rs.780.2 billion, compared to Rs.735.7 billion in the same period last year.

https://www.dailymirror.lk/business-news/Govt-to-borrow-additional-Rs-400bn-for-deficit-financing/273-220930

Daily Mirror

2021-09-23

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