Governments have consistently overestimated Revenue & these deviations have increased in value since 2014
Overestimations in revenue compels governments to
⬇️ Expenditure
⬆️ Borrowings
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Did you know?
In 2018, the deviation in Government Revenue was LKR 295 Billion
Main contributors – Shortfalls in VAT and Import Duties
Refer the Public Report on Budget 2021 here for further details.
