Category: Economy
-
Sri Lanka budget deficit to rise 1.4-pct in 2026 on Cyclone spending
Sri Lanka’s budget deficit is projected to increase by 1.4 percent, reaching 6.5 percent of the gross domestic product (GDP) in 2026. This rise is attributed to additional expenditures for Cyclone Ditwah relief and recovery, according to a document from the Finance Ministry. Capital expenditure is expected to increase by 1 percent of GDP, moving