ECONOMYNEXT – Sri Lanka’s budget deficit will rise 1.4 percent to 6.5 percent of gross domestic product in 2026 as a result of extra spending related to Cyclone Ditwah relief and recovery, a Finance Ministry document shows. Capital expenditure will rise by 1 percent of GDP to 5.0 percent from 4.0 percent in the original budget passed in parliament, the document said. Recurrent spending will grow 16.9 percent of GDP from the original 16.5 percent in the original budget. Sri Lanka is planning to spend an extra 500 billion rupees for Ditwah spending. Sri Lankas budget and debt metrics have…
Sri Lanka budget deficit to rise 1.4-pct in 2026 on Cyclone spending
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