Ranjit Siyabalapitiya: Fiscal Position

Abstract

FALSE: In 2022, the government’s revenue and expenditure difference were as high as 256% or Rs. 3,058 billion. [In 2023] The government expect the revenue to be Rs. 3.45 trillion, while the expenditure will go up to Rs. 10 trillion, incurring a deficit of Rs. 6.66 trillion for the year. Thus, financial discipline is indispensable to run the economy. Ranjith Siyabalapitiya, DailyFT, 21 January 2023