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Thursday, 30 April 2015 - 11:26
SL economy grows 7.4-pct in 2014; CB Annual Report
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The Central Bank said Sri Lanka’s economy has grown 7.4 percent in 2014 despite overall fiscal deficit has increased to 6 percent last year.

The government aimed to reduce the fiscal deficit to 5.2 per cent of GDP in 2014 from 5.9 per cent of GDP in the previous year.

However, contrary to expectations, the continued decline in revenue as a percentage of GDP led to an increase in the overall fiscal deficit to 6.0 per cent of GDP in 2014.

Public debt as a percentage of Gross Domestic Product has declined to 75.5 percent by end 2014 from 78.3 percent by end 2013.

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