Friday, 19th September 2014
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%.
From : http://www.ft.lk/2014/09/19/govt-aims-for-8-2-growth-4-4-fiscal-deficit-in-2015-budget/
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