Question:
The government revenue to GDP ratio and the government expenditure to GDP ratio in Sri Lanka in recent years were approximately:
(1) 15-16 / 25-26
(2) 12-13 / 24-25
(3) 13-14 / 20-21
(4) 10-11 / 15-16
(5) 15-16 / 18-19
Correct Answer:
(3)
Answer Explanation:
In the era leading up to the 2017 exam, Sri Lanka suffered from chronic budget deficits. Government revenue historically hovered around 13% to 14% of GDP, while government expenditure consistently sat much higher, around 19% to 21% of GDP.
Topic: Public Finance Year: 2017
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