Government to reduce capital expenditure

Colombo (News1st): The Government expects to reduce its expenditure with the reduction of Cabinet ministries and reexamination of capital expenditure programs. A Finance Ministry statement notes that the government is confident the primary surplus of 1.8% GDP and the budget deficit of around 4.9% GDP that has been targeted for 2018 could be achieved in support for further fiscal consolidation to provide economic stability. The measures to further consolidation of external trade and payment transactions are also being examined to provide much-needed stability to the exchange rate.   Government to reduce expenditure with limited ministries