Sri Lanka Budget Deficit Down in 1Q 2025, Current Spending Speeds up: Analysis

Sri Lanka Eyes US $5 Billion in FDI amid Policy Challenges and Diplomatic Push - LNW Lanka News Web

By: Staff Writer May 18, Colombo (LNW): In a renewed push to attract much-needed Foreign Direct Investment (FDI), Sri Lanka’s Board of Investment (BOI) Chairman Arjuna Herath this week led a strategic meeting with ambassadors and diplomatic representatives from Sri Lanka’s foreign missions. The gathering, steered by BOI’s Director-General of Human Resources and Mission Development, Sumith Dissanayake, focused on aligning diplomatic efforts with …

Sri Lanka budget deficit down in 1Q 2025, current spending speeds up: analysis

Sri Lanka’s overall budget deficit fell absolutely to 234 billion rupees in the first quarter of 2025, down from 281.3 billion rupees a year ago, but current spending outpaced revenue growth. Sri Lanka’s fiscal revenue went up 17 percent to 1,066 billion rupees up to March 2025, and tax revenues went up 18 percent to 985.9 billion rupees, data published by the central bank shows. Tax revenues expanded 18 percent to 985.9 billion rupees. Current …