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* Sri Lanka government expects to earn an income of Rs. 2.2 trillion next year
Wed, Oct 4, 2017, 12:13 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 04, Colombo: The Sri Lankan government expects to earn an income of Rs. 2.2 trillion next year, the Minister of Finance and Mass Media Mangala Samaraweera said.

Speaking at an event in Matara, the Minister said the amount of the loan installments to pay next year is close to Rs 1.7 trillion and over 84 percent of that has been obtained by former president Mahinda Rajapaksa in his capacity as the Minister of Finance at that time.

The Minister added that only Rs. 600 billion is left for the development work, pay roll, training youth for jobs and everything else.

According to the 2016 Annual Report of the Central Bank of Sri Lanka, the state revenue increased for the second consecutive year. The state revenue, which is 13.3 percent of gross domestic product (GDP) in 2015, increased to 14.4 percent by 2016.

According to the nominal figures, the public revenue of Rs. 1,454.9 billion in 2015 increased by 15.9 percent to Rs. 1,686.1 billion in 2016.

Minister Samaraweera said the government hopes to increase state revenues to 15 percent of GDP next year and increase to 16.5 percent by 2020.

 

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