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Why Did the Budget Deficit Increase in 2020?

Sri Lanka’s budget deficit has doubled between the period of 2019 and 2020. The budget deficit increased from LKR 1,016 billion in 2019 to LKR 2,090 billion in 2020, which is an increase of LKR 1...

2020 Records the Highest Budget Deficit Since 1982

The budget balance for 2020 is -LKR 2,090 billion (-14.0% of GDP) while the budget balance for 2019 remains at -LKR 1,016 billion (-6.8% of GDP). It is important to note that this is the first time the budget deficit has increased to...