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What is Sri Lanka about?

Government budget deficits in Sri Lanka remain high at around 8.5% of GDP according to recent data. While government revenues grew by 8.1% from January to October 2010, expenditures increased much faster at 27.1%, driving up the overall deficit. High budget deficits can crowd out the private sector and destabilize the economy if debt is monetized. However, some government spending is necessary in Sri Lanka to support development after the civil war and 2004 tsunami, and to reduce poverty through social prog

Author

uma

Language

EN