Sri Lanka recorded a Government Budget deficit equal to 6.80 percent of the country's Gross Domestic Product in 2019.

Government Budget in Sri Lanka averaged -7.33 percent of GDP from 1990 until 2019, reaching an all time high of -5.30 percent of GDP in 2016 and a record low of -10.20 percent of GDP in 2001. This page provides - Sri Lanka Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Government Budget - values, historical data and charts - was last updated on October of 2020. source: Central Bank of Sri Lanka

Government Budget in Sri Lanka is expected to reach -8.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Budget is projected to trend around -8.00 percent of GDP in 2021 and -6.00 percent of GDP in 2022, according to our econometric models.

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Sri Lanka Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-6.80 -5.30 -5.30 -10.20 1990 - 2019 percent of GDP Yearly

Sri Lanka Government Last Previous Highest Lowest Unit
Government Debt to GDP 86.80 83.70 108.70 16.30 percent [+]
Government Budget -6.80 -5.30 -5.30 -10.20 percent of GDP [+]
Government Budget Value -1016483.00 -760769.00 -10483.00 -1016483.00 LKR Million [+]
Government Spending 1416988.70 1300180.20 1416988.70 440.00 LKR Million [+]
Military Expenditure 1710.00 1867.00 2054.00 7.90 USD Million [+]
Credit Rating 26.00 [+]
Fiscal Expenditure 2915291.00 2693228.00 2915291.00 19192.00 LKR Million [+]
Government Debt 12874786.00 12599843.00 12874786.00 310779.00 LKR Million [+]
Government Revenues 1898808.00 1932459.00 1932459.00 15642.00 LKR Million [+]

Sri Lanka Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.