Government Spending in Sri Lanka increased to 1610287 LKR Million in 2021 from 1556489 LKR Million in 2020. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka averaged 238357.38 LKR Million from 1950 until 2021, reaching an all time high of 1610287 LKR Million in 2021 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 December of 2022.

Government Spending in Sri Lanka is expected to reach 1629610.00 LKR Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1698054.00 LKR Million in 2023 and 1769372.00 LKR Million in 2024, according to our econometric models.

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Sri Lanka Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 104.60 100.60 percent of GDP Dec 2021
Government Budget -12.20 -11.10 percent of GDP Dec 2021
Government Budget Value -2057925.00 -1667688.00 LKR Million Dec 2021
Government Spending 1610287.00 1556489.00 LKR Million Dec 2021
Government Debt 24264399.00 21696644.00 LKR Million Jun 2022
Government Revenues 1463811.00 1373308.00 LKR Million Dec 2021
Fiscal Expenditure 3521735.00 3040996.00 LKR Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
1610287.00 1556489.00 1610287.00 440.00 1950 - 2021 LKR Million Yearly
Current Prices, NSA