| dc.contributor.author | Econ Team | |
| dc.date.accessioned | 2023-12-22T11:54:59Z | |
| dc.date.available | 2023-12-22T11:54:59Z | |
| dc.date.issued | 2023-07-24 | |
| dc.identifier.uri | https://archive.veriteresearch.org/handle/456/6289 | |
| dc.description | This infographic is available on the Public Finance Platform and is in all three languages: English, Sinhala and Tamil. | en_US |
| dc.description.abstract | The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest payments to total government revenue has surged from 35% in 2015 to a striking 78% in 2022. Notably, there was a substantial rise in interest payments between 2019 and 2020, with payments escalating from 47% to 71% mainly due to a substantial fall in government revenue as a result of tax cuts in late 2019 and early 2020. This increase in interest payments suggests a significant debt burden on the government. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Colombo: Verite Research | en_US |
| dc.relation.ispartofseries | Public Finance Infographics; | |
| dc.subject | Public finance - Revenue | en_US |
| dc.subject | Public finance - Interest payments | en_US |
| dc.title | Interest payments weigh heaviest in 2022! | en_US |
| dc.type | Infographics | en_US |
