STATEMENT OF GOVERNMENT OPERATIONS

Rs Million 2017/18 Estimates 2017/18 Revised Estimates 2018/19 Estimates 2019/20 Planned 2020/21 Planned RECURRENT BUDGET Recurrent Revenue 99,525 98,682 106,940 115,420 125,510 Tax Receipts 92,259 92,070 99,723 107,586 116,566 Social Contributions 1,545 1,337 1,297 1,257 1,257 Other Revenue 5,721 5,275 5,920 6,577 7,687 Recurrent Expenditure 108,885 106,582 115,893 119,825 125,148 Compensation of Employees 30,552 29,485 31,396 32,631 33,240 Purchase of Goods and Services 10,937 9,976 11,593 11,161 10,901 Interest (Accrual basis) 11,900 11,500 13,375 14,905 16,700 Subsidies 1,955 1,733 1,648 1,543 1,543 Grants to Parastatal Bodies/Local Authorities/RRA 20,925 21,053 22,064 22,244 22,338 Social Benefits 29,550 29,456 31,916 33,851 36,337 Other Expense 2,566 3,379 3,401 2,890 2,789 Contingencies 500 - 500 600 1,300 Recurrent Balance -9,360 -7,900 -8,953 -4,405 362 Recurrent Balance as % of GDP -2.0% -1.7% -1.7% -0.8% 0.1% CAPITAL BUDGET Capital Revenue 12,717 8,149 10,497 4,690 2,680 External Grants 6,978 3,309 8,897 4,255 2,480 Transfer from Special Funds 5,739 4,840 1,600 435 200 Capital Expenditure 18,830 15,698 17,889 16,911 14,881 Acquisition of Non-Financial Assets 12,713 8,098 11,446 12,162 11,697 Grants to Parastatal Bodies/Local Authorities/RRA 2,752 2,321 3,106 2,422 1,964 Transfer to Special Funds - 2,000 - - - Other Transfers 3,166 3,279 3,137 2,127 1,020 Contingencies 200 - 200 200 200 Capital Balance -6,113 -7,549 -7,392 -12,221 -12,201 Capital Balance as % of GDP -1.3% -1.6% -1.4% -2.2% -2.0% Budget Balance (Before Net Acquisition of Financial Assets) -15,473 -15,449 -16,345 -16,626 -11,839 Budget Balance as % of GDP -3.2% -3.2% -3.2% -3.0% -2.0% Net Acquisition of Financial Assets 6,150 4,231 9,320 2,687 1,515 Domestic 6,112 4,415 9,258 2,672 1,500 Loan to Parastatal Bodies 2,278 1,825 978 841 346 Reimbursement of Loan by Parastatal Bodies 2,312 2,521 257 347 447 Equity Purchase/Participation 6,542 5,507 8,537 2,178 1,601 Equity Sale 396 396 - - - Foreign 38 - 47 - - Equity Purchase/Participation 38 - 47 - - Net SDR Transactions - -184 15 15 15 Adjustment for difference in cash and accrual interest -636 -426 -890 -1,150 -960 STATEMENT OF GOVERNMENT OPERATIONS f(1) Rs Million 2017/18 Estimates 2017/18 Revised Estimates 2018/19 Estimates 2019/20 Planned 2020/21 Planned Government Borrowing Requirements 20,987 19,254 24,776 18,163 12,393 Government Borrowing Requirements as % of GDP 4.4% 4.0% 4.8% 3.3% 2.1% Domestic Financing 21,739 21,294 27,433 20,142 14,207 Foreign Financing -752 -2,040 -2,657 -1,979 -1,814 Budgetary Central Government Gross Debt 269,374 271,305 292,121 309,440 321,883 Budgetary Central Government Gross Debt as % of GDP 56.3% 57.0% 57.0% 56.0% 53.9% Public Sector Gross Debt 301,568 302,149 323,425 346,789 358,707 Public Sector Gross Debt as % of GDP 63.0% 63.4% 63.1% 62.8% 60.0% Memo Items: Total Revenue 112,242 106,831 117,437 120,110 128,190 Total Revenue as % of GDP 23.4% 22.4% 22.9% 21.7% 21.5% Total Expenditure 127,715 122,280 133,782 136,736 140,029 Total Expenditure as % of GDP 26.7% 25.7% 26.1% 24.7% 23.4% Primary Balance -3,573 -3,949 -2,970 -1,721 4,861 Primary Balance as % of GDP -0.7% -0.8% -0.6% -0.3% 0.8% Total Public Sector Investment 42,283 25,923 52,586 38,437 28,674 Capital Expenditure 18,831 13,698 17,889 16,911 14,881 Loans and Equity to Parastatal Bodies/State Owned Enterprises 8,782 7,332 9,515 3,019 1,947 Special Funds - 12 1,745 1,090 50 State Owned Enterprises/Public Entities (own funds) 14,670 4,882 23,437 17,417 11,796 f(1): This represents only Central Government capital expenditure from the Consolidated Fund. Total public sector investment includes capital projects implemented by Central Government (both under Consolidated Fund and Special Funds), parastatal bodies, state owned enterprises and public entities as follows: STATEMENT OF GOVERNMENT OPERATIONS