Sri Lanka recorded a Government Budget deficit equal to 10.20 percent of the country's Gross Domestic Product in 2022. Government Budget in Sri Lanka averaged -7.68 percent of GDP from 1990 until 2022, reaching an all time high of -5.00 percent of GDP in 2016 and a record low of -11.70 percent of GDP in 2021. source: Central Bank of Sri Lanka

Government Budget in Sri Lanka is expected to reach -8.50 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Budget is projected to trend around -9.10 percent of GDP in 2024 and -8.00 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Fiscal Expenditure 5441882.00 4592327.00 LKR Million Dec 2023
Government Budget -10.20 -11.70 percent of GDP Dec 2022
Government Budget Value -2282267.00 -2459967.00 LKR Million Dec 2023
Government Debt 28574653.00 28344603.00 LKR Million Sep 2024
Government Debt to GDP 103.90 114.20 percent of GDP Dec 2023
Government Revenues 3159615.00 2132360.00 LKR Million Dec 2023
Government Spending 1893103.50 1727261.20 LKR Million Dec 2023

Sri Lanka Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-10.20 -11.70 -5.00 -11.70 1990 - 2022 percent of GDP Yearly