Former Minister Patali Champika Ranawaka warned that balancing the nation’s budget could impose a steep financial burden on citizens. “Every citizen will, in effect, have to take on a new loan of Rs. 200,000 to balance this budget,” he said, emphasizing the severe gap between the country’s spending and revenue.
According to Ranawaka, government expenditure is estimated at Rs. 9 trillion, while revenue stands at only Rs. 5 trillion. This shortfall, he explained, necessitates further borrowing, a move that could have long-term economic implications.
“Every citizen will, in effect, have to take on a new loan of Rs. 200,000 to balance this budget,” former minister Patali Champika Ranawaka said, highlighting that government expenditure is estimated at Rs. 9 trillion, while revenue stands at only Rs. 5 trillion, requiring… pic.twitter.com/iRwQlVVRFB
— NewsWire (@NewsWireLK) February 23, 2025
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