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Domestic+savings+decline+in+2015
Saturday, 30 April 2016 - 10:25
Domestic savings decline in 2015
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Sri Lanka’s domestic savings as a percentage of GDP has declined to 22.6 percent in 2015.This was 24 per cent in 2014.

The deceleration in domestic savings was a combined outcome of the slowdown in private savings and the widening of government dis-savings.

Central Bank data showed that this was reflected by the substantial growth in government recurrent expenditure against the comparatively low growth in government revenue.

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