Government Spending in Sri Lanka increased to 1416988.70 LKR Million in 2019 from 1300180.20 LKR Million in 2018. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka averaged 199927.94 LKR Million from 1950 until 2019, reaching an all time high of 1416988.70 LKR Million in 2019 and a record low of 440 LKR Million in 1950. This page provides - Sri Lanka Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Government Spending - values, historical data and charts - was last updated on February of 2021.

Government Spending in Sri Lanka is expected to reach 1446745.00 LKR Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1504615.00 LKR Million in 2021 and 1572323.00 LKR Million in 2022, according to our econometric models.

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Sri Lanka Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1416988.70 1300180.20 1416988.70 440.00 1950 - 2019 LKR Million Yearly
Current Prices, NSA

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 21.00 [+]
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 Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.