Government Spending in Sri Lanka increased to 1556489 LKR Million in 2020 from 1416988.70 LKR Million in 2019. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka averaged 219034.43 LKR Million from 1950 until 2020, reaching an all time high of 1556489 LKR Million in 2020 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 May of 2021.

Government Spending in Sri Lanka is expected to reach 1473668.00 LKR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1539983.00 LKR Million in 2022 and 1609283.00 LKR Million in 2023, according to our econometric models.

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Sri Lanka Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1556489.00 1416988.70 1556489.00 440.00 1950 - 2020 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 1556489.00 1416988.70 1556489.00 440.00 LKR Million [+]
Military Expenditure 1760.00 1681.00 1968.00 7.60 USD Million [+]
Credit Rating 21.00 [+]
Fiscal Expenditure 3040996.00 2915291.00 3040996.00 19192.00 LKR Million [+]
Government Debt 12874786.00 12599843.00 12874786.00 310779.00 LKR Million [+]
Government Revenues 1373308.00 1898808.00 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.