Government Spending in Sri Lanka increased to 1556489 LKR Million in 2020 from 1416988.70 LKR Million in 2019. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka averaged 219034.43 LKR Million from 1950 until 2020, reaching an all time high of 1556489 LKR Million in 2020 and a record low of 440 LKR Million in 1950. This page provides - Sri Lanka Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Government Spending - values, historical data and charts - was last updated on December of 2021.

Government Spending in Sri Lanka is expected to reach 1618749.00 LKR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1691592.00 LKR Million in 2022 and 1767714.00 LKR Million in 2023, according to our econometric models.

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Sri Lanka Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 101.00 86.80 percent of GDP Dec/20
Government Budget -11.10 -9.60 percent of GDP Dec/20
Government Budget Value -1016483.00 -760769.00 LKR Million Dec/19
Government Spending 1556489.00 1416988.70 LKR Million Dec/20
Government Debt 16564520.00 16053804.00 LKR Million Jun/21
Government Revenues 1373308.00 1898808.00 LKR Million Dec/20
Fiscal Expenditure 3040996.00 2915291.00 LKR Million Dec/20
Sri Lanka Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.