Sri Lanka recorded a Government Budget deficit equal to 5.30 percent of the country's Gross Domestic Product in 2018. Government Budget in Sri Lanka averaged -7.34 percent of GDP from 1990 until 2018, 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.

Government Budget in Sri Lanka is expected to be -5.90 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Budget is projected to trend around -6.30 percent of GDP in 2020, according to our econometric models.

Sri Lanka Government Budget
Forecast Data Chart
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Sri Lanka Government Last Previous Highest Lowest Unit
Government Debt to GDP 82.90 76.90 108.70 16.30 percent [+]
Government Budget -5.30 -5.50 -5.30 -10.20 percent of GDP [+]
Government Budget Value -760769.00 -733494.00 -10483.00 -829502.00 LKR Million [+]
Government Spending 1300180.20 1130674.00 1300180.20 440.00 LKR Million [+]
Credit Rating 37.50 [+]
Fiscal Expenditure 2693228.00 2573056.00 2693228.00 19192.00 LKR Million [+]
Government Debt 12271315.00 11977539.00 12271315.00 310779.00 LKR Million [+]
Government Revenues 1932459.00 1839562.00 1932459.00 15642.00 LKR Million [+]
Military Expenditure 1710.00 1867.00 2054.00 7.90 USD 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. This page provides - Sri Lanka Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Government Budget - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -5.50 -5.30 -10.20 1990 - 2018 percent of GDP Yearly

Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18