Sri Lanka Budget 2019: Targets public revenue to increase 17-pct

Sri Lanka Budget 2019: Targets public revenue to increase 17-pct, Debt to GDP down to 70-pct

Jan 07, 2019 (LBO) – Sri Lanka’s Finance Ministry says Budget 2019 will increase public revenue to 17 percent of Gross Domestic Product (GDP) while capital expenditure will be limited to 3.5 percent of GDP. It will also target maintaining the debt-to-GDP ratio to just 70 percent with recurrent expenditure cut down to 15 percent […]