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Wednesday, 02 July 2014 - 12:06
Sri Lanka budget deficit 3.5-pct of GDP up to April
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Sri Lanka's has recorded a budget deficit of 3.5 percent of gross domestic product up to April 2014, and the Treasury said it was expecting to meet a full-year target of 5.2 percent.

The state extracted 8.5 percent more taxes from the people to 310.5 billion rupees in the first four months from a year earlier, and total revenues rose 11.5 percent to 345.0 billion rupees.

Non-tax revenues picked up 48 percent to 34.4 billion rupees from 23.1 billion rupees, despite lower central bank transfers.
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