Budget revenues up 25% in June 2025

Sri Lanka’s tax revenues grew 25 percent in the six months to June 2025 to 2,231 billion rupees, while current spending grew 13 percent to 2,506.8 billion rupees, provisional official data show.

Non-tax revenue grew 12 percent to 169.6 billion rupees.The capital expenditure was 223.9 billion rupees, down 9 percent from a year earlier, and up from 175 billion rupees in May, provisional Finance Ministry data show.

The current account deficit, a key fiscal metric which is total revenues less current spending was down 48 percent to 185 billion rupees.In good budgeting, in the so-called golden rule of budgeting is to maintain a surplus in the current spending, which Sri Lanka has not been able to do from the late 1980s.

Within the 15 percent rise in current spending to 2,506 billion rupees, Interest costs grew 10.7 percent to 1,264.6 billion rupees.

Non-interest current spending grew 15 percent to 1,242 billion rupees.Sri Lanka’s state salaries were increased in April and current spending is starting to pick up.

The primary surplus before grants was 855 billion rupees, up from 539.4 billion rupees last year.