{"id":149436,"date":"2025-05-08T08:16:13","date_gmt":"2025-05-08T15:16:13","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=149436"},"modified":"2025-05-08T08:16:13","modified_gmt":"2025-05-08T15:16:13","slug":"sri-lankas-first-quarter-budget-deficit-at-rs-498-bn","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2025\/05\/08\/sri-lankas-first-quarter-budget-deficit-at-rs-498-bn\/","title":{"rendered":"Sri Lanka\u2019s first quarter budget deficit at Rs. 498 bn"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy AdaDerana<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka\u2019s government has recorded a significant budget deficit of Rs. 498.28 billion in the first quarter of 2025, according to the Financial Performance Statement submitted to the Cabinet of Ministers.<\/p>\n\n\n\n<p>The Financial Performance Statement is presented periodically to the Cabinet&nbsp; in line with Section 53 (1) of the Public Finance Management Act, No. 44 of 2024.<\/p>\n\n\n\n<p>The report, covering the period from January 1 to March 31, 2025, details that total revenue amounted to Rs. 1,064.66 billion, while total expenditure reached Rs. 1,562.94 billion. The figures include cumulative income and spending across all Special Expenditure Units, Ministries, Departments, and District Secretariats.<br>&nbsp;<br><strong>Breakdown of revenue:<br>Tax Revenue: Rs. 970.58 billion<br>Non-Tax Revenue: Rs. 87.26 billion<br>Capital Revenue: Rs. 5.77 billion<br>Grants: Rs. 1.05 billion<\/strong><br>&nbsp;<br><strong>Breakdown of expenditure:<br>Recurring Expenditure: Rs. 1,226.55 billion<br>Capital Expenditure (including government loan repayments): Rs. 336.39 billion<\/strong><br>&nbsp;<br>The Financial Performance Statement was submitted to the Cabinet of Ministers in accordance with the legal requirement to present quarterly fiscal data within 45 days of the end of each quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy AdaDerana Sri Lanka\u2019s government has recorded a significant budget deficit of Rs. 498.28 billion in the first quarter of 2025, according to the Financial Performance Statement submitted to the Cabinet of Ministers. The Financial Performance Statement is presented periodically to the Cabinet&nbsp; in line with Section 53 (1) of the Public Finance Management Act, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-149436","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/149436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=149436"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/149436\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=149436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=149436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=149436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}