{"id":5291,"date":"2019-02-14T09:05:32","date_gmt":"2019-02-14T03:35:32","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5291"},"modified":"2019-02-16T10:45:15","modified_gmt":"2019-02-16T05:15:15","slug":"government-budget-of-srilanka","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/government-budget-of-srilanka\/","title":{"rendered":"Government Budget of SriLanka"},"content":{"rendered":"<h3><span style=\"color: #000000;\">Factors affected budget deficit in Sri Lanka\u00a0<\/span><\/h3>\n<ul>\n<li>Reduction in tax revenue due to tax relef<\/li>\n<li>Increase in expenditure when paying Bank debts<\/li>\n<li>Increase in transfer costs of the government<\/li>\n<li>Increase in expenditure on public sections<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Steps have taken to settle the budget deficit in Sri Lanka<\/span><\/h3>\n<ul>\n<li>Foreign loans<\/li>\n<li>Foreign grants<\/li>\n<li>Use of local financial resources<\/li>\n<li>Borrowing from the market<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Persistant budget deficit effects on the economy of a country<\/span><\/h3>\n<ul>\n<li>Increase in state loans<\/li>\n<li>Increase in inflation<\/li>\n<li>Decrease in investment by private sectors<\/li>\n<li>Rise in interest rates<\/li>\n<li>Declining international credibility<\/li>\n<li>Reduction in foreign exchange rates\/ values<\/li>\n<li>Decrease in laocal savings<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Advantages of having a surplus in Current account\u00a0<\/span><\/h3>\n<ul>\n<li>Reduction in burden of state loans<\/li>\n<li>Decreast in inflationary effects<\/li>\n<li>Increase in government investments<\/li>\n<li>Ability to maintain interest rates at a low level<\/li>\n<li>Reduction of tax burden on people<\/li>\n<li>Leading to macro &#8211; economic stability<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Factors affected budget deficit in Sri Lanka\u00a0 Reduction in tax revenue due to tax relef Increase in expenditure when paying Bank debts Increase in transfer costs of the government Increase in expenditure on public sections Steps have taken to settle the budget deficit in Sri Lanka Foreign loans Foreign grants Use of local financial resources [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2693],"tags":[],"class_list":["post-5291","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-8-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government Budget of SriLanka - Learning &amp; 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