Hon. Dayasiri Jayasekara, Attorney-at-Law
Hon. Dayasiri Jayasekara questioned an apparent inconsistency in the 2025 Budget figures, noting that foreign borrowings of Rs. 700 billion and debt repayments of Rs. 625 billion imply net foreign financing of about Rs. 75 billion. He asked why the Budget Estimates list Rs. 375 billion instead, which would raise the deficit from Rs. 2,200 billion to Rs. 2,500 billion, and sought clarification on whether this was a numerical error or the actual fiscal position.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 I asked whether you would allow monetary expansion relative to growth. Fine.
¶ 02 My second supplementary: Your Budget Summary shows a deficit of Rs. 2,200 billion. It shows foreign borrowings of Rs. 700 billion and debt repayment at Rs. 625 billion. Therefore, total foreign financing should be about Rs. 75 billion (700 minus 625). But your Budget Estimates state Rs. 375 billion, which would increase the deficit to Rs. 2,500 billion. Is this a numerical error or the real position? According to the “Summary of the Budget Estimates, 2025” it is clear. Please clarify.
Provenance
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- Hansard, Friday, 14 March 2025 ·No. 1744281136023320 ·English daily/uncorrected Hansard
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Cite as: Hon. Dayasiri Jayasekara, Attorney-at-Law. 10th Parliament, Parliament of Sri Lanka. Hansard, 14 March 2025. No. 1744281136023320. Politick, https://staging.politick.io/lk/speeches/26385