13% primary expenditure rule proposed for Sri Lanka departs from economic theory and practice

dc.contributor.author	Kapilan, Anushan
dc.contributor.author	Pabasara, Chathuni
dc.contributor.author	Rajakulendran, Raj Prabu
dc.date.accessioned	2026-04-13T13:17:36Z
dc.date.available	2026-04-13T13:17:36Z
dc.date.issued	2024-07
dc.identifier.issn	2386-1835
dc.identifier.uri	https://archive.veriteresearch.org/handle/456/8159
dc.description	4p.	en_US
dc.description.abstract	The 13% primary expenditure rule proposed in a new public finance bill is at odds with established economic theory. It will undermine “good” public spending that enhances growth, eﬀiciency, and social welfare. It will also make Sri Lanka a global outlier, by setting a GDP based limit on primary expenditure, which is the lowest in the world.	en_US
dc.language.iso	en	en_US
dc.publisher	Colombo: Verité Research	en_US
dc.relation.ispartofseries	Verité Insights;Vol. 12, No. 02 – July 2024
dc.subject	Econ Insight	en_US
dc.subject	Public Financial Management - PFM bill - Proposed 13 percent primary expenditure rule	en_US
dc.subject	Macroeconomic Analysis	en_US
dc.subject	Primary expenditure	en_US
dc.subject	Public expenditure - Microeconomics-based theory	en_US
dc.title	13% primary expenditure rule proposed for Sri Lanka departs from economic theory and practice	en_US
dc.type	Insight	en_US