Annual Report 2010 - Ministry of Finance and Planning

Ministry of Finance and Planning Sri Lanka > Annual Report 2010Statement of Financial Performancefor the year ended 31 st December, 2010Budget Estimates2010 Rs.Note2010Rs.Actual2009Rs.REVENUE720,040,500,000 Tax Revenue 724,806,231,416 619,182,257,022135,040,000,000 Income Tax 1 135,622,983,118 139,558,048,787426,758,000,000 Taxes on Domestic Goods & Services 2 430,353,138,756 315,176,519,284158,242,500,000 Taxes on International Trade 3 158,830,109,542 164,447,688,951100,681,930,000 Non Tax Revenue & Others 4 100,882,174,529 89,198,750,630820,722,430,000 TOTAL REVENUE (a) 825,688,405,945 708,381,007,652Less : EXPENDITURE238,184,444,820 Wages, Salaries and Other Employment Benefits 5 236,861,066,207 212,401,334,39898,164,981,797 Other Goods & Services 6 95,893,296,489 99,934,733,129280,162,827,870 Subsidies, Grants and Transfers 7 271,043,548,728 266,423,308,391359,530,214,517 Interest Payments 8 347,688,371,746 303,177,076,1798,084,000 Other Recurrent Expenditure 9 7,672,709 -976,050,553,004 Total Recurrent Expenditure (b) 951,493,955,879 881,936,452,097155,328,123,004 REVENUE DEFICIT (a) - (b) 125,805,549,934 173,555,444,445392,323,914,180 Public Investments 10 347,006,678,875 365,753,851,581547,652,037,184 BUDGET DEFICIT 472,812,228,809 539,309,296,026FINANCING THE BUDGET DEFICIT148,584,059,000 Foreign Borrowings 11 261,700,749,179 207,766,413,179(69,713,100,000) Foreign Debt Repayments (69,112,362,273) (112,692,197,885)78,870,959,000 NET FOREIGN BORROWINGS 192,588,386,906 95,074,215,29419,000,000,000 Foreign Grants 12 16,950,005,976 25,922,244,10897,870,959,000 TOTAL FOREIGN FINANCING 209,538,392,882 120,996,459,402752,583,969,000 Domestic Non-Bank Borrowings 13 639,569,547,809 785,592,460,484(393,567,200,000) Domestic Debt Repayments 14 (383,499,478,976) (386,681,743,536)359,016,769,000 NET DOMESTIC BORROWINGS 256,070,068,833 398,910,716,94815,144,000,000 Recoveries from On-lending 15 15,534,545,002 11,978,194,623250,000,000 Sale of Capital assets 240,455,985 77,904,264- Net Change in Deposit Accounts and Liabilities (1,779,741,874) (2,846,381,415)- (Increase)/ Decrease in Cash & Cash Equivalents (6,791,492,020) 10,192,402,204472,281,728,000 TOTAL FINANCING 472,812,228,809 539,309,296,026309