Sri Lankas government has recorded a significant budget deficit of Rs.
498.28 billion in the first quarter of 2025, according to the Financial Performance Statement submitted to the Cabinet of Ministers.The Financial Performance Statement is presented periodically to the Cabinet in line with Section 53 (1) of the Public Finance Management Act, No.
44 of 2024.The report, covering the period from January 1 to March 31, 2025, details that total revenue amounted to Rs.
1,064.66 billion, while total expenditure reached Rs.
1,562.94 billion.
The figures include cumulative income and spending across all Special Expenditure Units, Ministries, Departments, and District Secretariats.Breakdown of revenue:Tax Revenue: Rs.
970.58 billionNon-Tax Revenue: Rs.
87.26 billionCapital Revenue: Rs.
5.77 billionGrants: Rs.
1.05 billionBreakdown of expenditure:Recurring Expenditure: Rs.
1,226.55 billionCapital Expenditure (including government loan repayments): Rs.
336.39 billionThe Financial Performance Statement was submitted to the Cabinet of Ministers in accordance with the legal requirement to present quarterly fiscal data within 45 days of the end of each quarter.