The Government of Sri Lanka, announced that in the first quarter of this year, state revenue has reached an impressive Euro 2.6 billion. This achievement not only surpasses the projected revenue but also indicates a growth of 6%. The Government emphasized that with prudent financial management and a consistent revenue pattern, 2024 promises to be a year where revenue targets can be successfully attained. In comparing recurring expenses between the first quarters of 2020 and 2024, there has been a substantial increase of 35% in the latter period. Notably, there is a significant surge of 114% in loan interest repayment and a noteworthy uptick of 60% in capital expenditure. Furthermore, the capital repayment of public debt has escalated by 177%, indicating substantial financial commitments. Looking at the income trend, there’s reason to anticipate that 2024 could be a year where income targets are achievable. Moreover, the National Consumer Price Index indicates a positive shift: external inflation dropped from 5.1% in February to 2.5% in March, and non-food category inflation plummeted from 5.1% to 0.7% over the same period. These numbers collectively suggest an improving economic landscape for the country. (ICE NEW DELHI)

Fonte notizia: The Official Government News Portal of Sri Lanka