Review of Public Finance in Sri Lanka

It is now well recognized that well planned and productive public expenditure is a means for accelerating economic growth. How should a fast growing middle-income country plan its public expenditures to achieve the dual objectives of balancing the fiscal budget while at the same time influencing growth through public investments? IPS was part of a study undertaken by the World Bank to better understand the size and composition of the public expenditures in Sri Lanka and provide recommendations on improving the efficiency and composition of spending. Particularly to look at the equity impacts of public spending.