Govt. aims for 8.2% growth, 4.4% fiscal deficit in 2015 Budget

Friday, 19 September 2014 00:16 - - {{hitsCtrl.values.hits}}

Reuters: Sri Lanka is aiming for an economic growth of 8.2% and a fiscal deficit target of 4.4% of Gross Domestic Product (GDP) next year, a Government document showed on Thursday. The $ 67-billion economy is expected to clock higher growth in 2015 than this year’s estimated 7.8% expansion, while fiscal deficit is seen to be lower than this year’s estimated 5.2% of GDP, a Cabinet paper submitted by President Mahinda Rajapaksa, who is also the Finance Minister, showed. The island-nation also aims to reduce total public debt to 71% of GDP next year from an estimated 75% this year, while increasing the public investment to 6.5% of GDP in 2015 from this year’s 6%.

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