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Expenditure Proposals: Budget 2024
(Colombo: Verite Research, 2023-11-13)
The highest expenditure proposal from the 2024 Budget amounted to LKR 11,250 million for a decentralized budget programme. The list of infographics displays the highest expenditure proposals from the 2024 Budget.
Public Debt Increases in Dollar Value While Decreasing in Rupee Value
(Colombo: Verite Research, 2023-12-19)
According to recent data published by the Ministry of Finance, public debt in dollar terms fell from USD 97 Bn (end 2021) to USD 85 Bn (end 2022), however rose again to USD 91 Bn by September 2023.
The debt stock in ...
Sectoral Allocations: Budget 2024
(Colombo: Verite Research, 2023-11-13)
This series of infographics contains sectoral allocations from Budget 2024. Allocations to Finance, Defence and Health were among the highest.
Summary: Budget 2024
(Colombo: Verite Research, 2023-11-13)
Budget 2024 expects budget deficit for the year 2024 to increase by 19%.
How did Sri Lanka Finance Government Expenditure in 2022?
(Colombo: Verite Research, 2023-05-15)
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings.
Highlights from the Appropriation Bill for 2024
(Colombo: Verite Research, 2023-10-06)
The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest payments alone remain more than one-third of total spending in 2024, reflecting an increase of 20% from 2023.
Defence Sector Claims Nearly Half of State Salaries
(Colombo: Verite Research, 2023-06-02)
According to the 2023 Budget Estimates, 15% of total recurrent expenditure of the government will be spent on salaries for government employees for the year 2023. As of 2023, the defence sector is estimated to claim nearly ...