Government Spending in Sri Lanka increased to 1300180.20 LKR Million in 2018 from 1130674 LKR Million in 2017. Government Spending in Sri Lanka averaged 182289.38 LKR Million from 1950 until 2018, reaching an all time high of 1300180.20 LKR Million in 2018 and a record low of 440 LKR Million in 1950. source: Central Bank of Sri Lanka

Government Spending in Sri Lanka is expected to be 1322933.00 LKR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Spending is projected to trend around 1466731.00 LKR Million in 2020, according to our econometric models.


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Sri Lanka Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1300180.20 1130674.00 1300180.20 440.00 1950 - 2018 LKR Million Yearly
Current Prices, NSA


Sri Lanka Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Sri Lanka Government Last Previous Highest Lowest Unit
Government Debt to GDP 82.90 76.90 108.70 16.30 percent [+]
Government Budget -5.30 -5.50 -5.30 -10.20 percent of GDP [+]
Government Budget Value -760769.00 -733494.00 -10483.00 -829502.00 LKR Million [+]
Government Spending 1300180.20 1130674.00 1300180.20 440.00 LKR Million [+]
Credit Rating 30.00 [+]
Fiscal Expenditure 2693228.00 2573056.00 2693228.00 19192.00 LKR Million [+]
Government Debt 12599843.00 12271315.00 12599843.00 310779.00 LKR Million [+]
Government Revenues 1932459.00 1839562.00 1932459.00 15642.00 LKR Million [+]
Military Expenditure 1710.00 1867.00 2054.00 7.90 USD Million [+]