In the year 2023, the government expenditure is about 5,356 billion rupees, and the difference between tax revenue and government expenditure has grown to 2,660 billion rupees, according to the second report of the Committee on Parliamentary Methods and Procedures, according to the second report of the Committee on Parliamentary Methods and Procedures, a senior in the Department of Economics and Statistical Studies at the University of Peradeniya. Professor Wasantha Athukorala said. (Sri Lanka Latest News)
Accordingly, it is shown that the government’s income is about 50% of the expenditure.
The budget deficit is close to 2,393 billion rupees.
Although the government’s expected revenue in 2023 is 3,104 billion rupees, the actual revenue received by the government is 2,695 billion rupees.
Accordingly, it is clear that the government has received 408 billion rupees less income than the expected income.
The government’s expected tax revenue for the year 2024 is 3,789 billion rupees. In order to achieve that, an amount of 1,093 billion rupees has to be earned this year more than the previous year. The professor said that this is a very difficult task.
