Projected budget deficit Rs 1.8T

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By 2017-09-14

By Rathindra Kuruwita

The projected budget deficit for 2018 will be a little over Rs 1,800 billion, Co-Cabinet Spokesperson Minister Dayasiri Jayasekera said yesterday.

He added that this amount will have to be obtained as loans from local and international sources.

The Finance Ministry has estimated that the total government expenditure for 2018 to be Rs 3,982 billion and that the expected total government income to be Rs 2,175 billion.

"The capital expenditure of the government is Rs 668 billion and the recurrent expenditure is estimated at Rs 1,308 billion. The government has to allocate Rs 2,005.1 billion for expenses that it has to bear for debt repayment etc.," Jayasekera said.

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