Government Total Expenditure exceeded Total Revenue

Government Total Expenditure exceeded Total Revenue

In the first quarter ending 30th  April 2017, Government’s total revenue was recorded as LKR 5,89,020 Million, while the expenditure was recorded as LKR 12,03,840, Central Bank report revealed.
In this report it was revealed that the expenditure has exceeded more than double the revenue. One of the main reason for this increase stated to have been the increased foreign loans. The repayment instalment for foreign loans have doubled during the period. In addition countries economy has declined.