Sri Lanka Aims to Lower Budget Deficit in 2024 Despite Higher Spending
- Sri Lanka sets 9.1% budget deficit target for 2024, lower than IMF's 12%
- Projects significant jump in tax revenues for 2024 to 4.1 trillion rupees
- Expenditure to hit record 6.98 trillion rupees, up 33% from 2023
- 450 billion rupees allotted for bank recapitalization
- Aims for primary budget deficit of 0.6% of GDP in 2024