Bloomberg News

Sri Lanka Estimates 2012 Budget Deficit of 1.105 Trillion Rupees

October 13, 2011

Oct. 14 (Bloomberg) -- Sri Lanka’s government expenditure in 2012 is estimated at 2.22 trillion rupees ($20.1 billion) and revenue at 1.115 trillion rupees, resulting in a budget deficit of 1.105 trillion rupees, the Ministry of Finance said in a statement on its website.

Capital investment for 2012 will be about 540 billion rupees and recurrent expenditure is estimated at 1.1 trillion rupees, it said. Sri Lanka on Oct. 18 will table in parliament the Appropriation Bill, which outlines spending estimates ahead of the annual budget announcement on Nov. 21.

To contact the reporter on this story: Anusha Ondaatjie in Colombo at anushao@bloomberg.net

To contact the editor responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus