Govt. revenue up 9%, expenditure widens 4.4 %

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During the first month of this year Government revenue increased by 9 per cent according to the data released by the Central Bank of Sri Lanka, while State expenditure and lending widened by 4.4 per cent.

The Central Bank pointed out that in January this year Government revenue reached Rs 104.8 billion, up 9 per cent compared to Rs 96.2 billion recorded a year earlier.

State expenditure widened by 4.4 per cent to Rs 259.1 billion from Rs 248.2 billion a year ago.

According to the report, tax revenue increased by 2.4 per cent during the first month to Rs 90.2 billion from Rs 88.1 billion recorded during the same period last year.

Non-tax revenue improved by 80 per cent to Rs 14.6 billion from Rs 8.1 billion.

On the expenditure front, recurrent expenditure increased by 9.7 per cent to Rs 252.9 billion during the first month from Rs 230.4 billion a year ago.

Capita and net lending by the Government declined by 65 per cent to Rs 6.2 billion from Rs 17.8 billion recorded during the same month last year. During January the overall budget deficit expanded by 1.5 per cent to Rs 154.3 billion from Rs 152 billion a year ago.

By Mario Andree