Govt expenditure for 2019 is Rs 4,376 and the budget deficit will be Rs.644 bn

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As per the Appropriation Bill 2019, which was presented to the Cabinet recently by Finance and Media Minister, Mangala Samaraweera, next year’s annual state expenditure will be Rs 4,376 and the budget deficit will be Rs.644 billion which is 4.1% of the GDP.

The Government revenue in the year 2014 was 11.5% of the GDP and, it was gradually increased after the unity government came in to power and, it is expected to be increased to 15.1% of the GDP in 2019, the Ministry of Finance said.

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