- the General Treasury has conducted Budget discussions with Ministries, Provincial Councils and other stakeholders and accordingly budgetary provisions have been made taking into consideration of the total resources available in the medium term 2015?2017, giving priority for timely completion of on going development activities and new development projects identified for implementation during the medium term, based on the priorities identified during the above discussions. Within the medium term 2015?2017, the total estimated revenue of the Government for 2015 is Rs.1,713 billion and total Government expenditure for 2015 is estimated to be Rs.3,053 billion. The expected fiscal targets to be achieved in 2015 under the medium term 2015?2017 are as follows:

2014 2015 2016 2017
* Public Investment (% of GDP) 6.0 6.5 6.5 6.5
* Budget Deficit (% of GDP) 5.2 4.4 3.6 3.0
* Total Public Debt (% of GDP) 75.0 71.0 68.0 65.0
* Economic Growth Rate 7.8 8.2 8.3 8.4
* Inflation 6.0 5.5 5.0 5.0

The proposal made by H.E. the President, in his capacity as the Minister of Finance and Planning, to proceed with the related activities, was approved by the Cabinet.