President Wickremesinghe understates the government expenditure
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Although the former government’s budget projected a revenue of LKR 2.3 trillion, LKR 1.6 trillion is the realistic projection of this year’s revenue. The estimated government expenditure for this year is LKR 3.3 trillion. However, due to the increase in interest rates and additional expenditure of the former government, the total government expenditure is LKR 4 trillion. The budget deficit for the year is LKR 2.4 trillion.
Daily Mirror | May 17, 2022
Posted on: 10 August, 2022
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