Sri Lanka Government Spending2021 Data - 2022 Forecast - 1950-2020 Historical

Name: Sri Lanka Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Sri Lanka,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Sri Lanka increased to 1610287 LKR Million in 2021 from 1556489 LKR Million in 2020. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka averaged 238357.38 LKR Million from 1950 until 2021, reaching an all time high of 1610287 LKR Million in 2021 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 June of 2022.

Government Spending in Sri Lanka is expected to reach 1629610.00 LKR Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1698054.00 LKR Million in 2023 and 1769372.00 LKR Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	101.00	86.80	percent of GDP	Dec 2020
Government Budget	-11.10	-9.60	percent of GDP	Dec 2020
Government Budget Value	-1016483.00	-760769.00	LKR Million	Dec 2019
Government Spending	1610287.00	1556489.00	LKR Million	Dec 2021
Government Revenues	1463811.00	1373308.00	LKR Million	Dec 2021
Government Debt	17589373.00	17051737.00	LKR Million	Dec 2021
Fiscal Expenditure	3521735.00	3040996.00	LKR Million	Dec 2021

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.