Sri Lanka’s Budget Deficit Reaches All-Time High
We’ve been hearing all over in the recent past about Sri Lanka’s Budget Deficit, I presume most don’t under the basic issue here. *Deficits* occur when a government’s expenditures exceed the revenue that it levies. The deficit can be measured with or without including the interest payments on the debt as expenditures.
In simple terms, it’s like you having 10 Rupees and going to a shop and the total bill adds up to 14 Rupees and you have to ask your friend for additional 4 Rupees since you’re low on money, in our case these are the *loans* which we’re obtaining from the neighboring countries.
Extract – https://www.veriteresearch.org/