Government to reduce capital expenditure

Government to reduce capital expenditure

Government to reduce capital expenditure

Written by Staff Writer

02 Nov, 2018 | 11:26 am

Colombo (News1st): The Government expects to reduce its expenditure with the reduction of Cabinet ministries and reexamination of capital expenditure programs.

A Finance Ministry statement notes that the government is confident the primary surplus of 1.8% GDP and the budget deficit of around 4.9% GDP that has been targeted for 2018 could be achieved in support for further fiscal consolidation to provide economic stability.

The measures to further consolidation of external trade and payment transactions are also being examined to provide much-needed stability to the exchange rate.

 

Government to reduce expenditure with limited ministries

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]