外文翻译--政府财政和经济增长以政策的视角看斯里兰卡发展中的经济(编辑修改稿)

外文翻译--政府财政和经济增长以政策的视角看斯里兰卡发展中的经济(编辑修改稿)内容摘要：

her manufactured products。 (h) machinery and equipment manufacturing。 and (i) basic metals. Therefore, to incorporate moary and fiscal policy in the model later on, we have used the alreadyintroduced creditchannel variables, namely, bank credit to the private sector and bank credit to the Government. The Government’s interest payments and transfers to the private sector can be singled out as the main reason for the growing budget deficit, leading to moization through bank credit to the Government sector and inflation in the major conclusion that we reached is that privatesector investment, through bank credit to the private sector and FDI, and Government investment through bank credit to the Government sector, are high rate of inflation begets a high expected rate of inflation. Such inflationary expectations could erode the growth potential of the economy through its adverse impact on the supply side. Thus, while the role of Government investment in the economy is crucial, it is equally important to understand that bank credit to the Government may not be the best way to increase Government investment. The Government policy document (Sri Lanka 2020) relied on the initiative of the private sector to increase investment and step up growth in the per the official policy, the role of the Government would be to create an environment conducive to private investment in the economy. Our purpose is to discover whether the Government can, in addition, generate resources for its own investment, which we believe will attract, support and supplement the proposed private investment in the economy. To this end, we carried out a simple exercise using data from the Annual Report 2020 of the Central Bank of Sri Lanka. The Government’s view rightly expressed concern over the current deficit rather than the overall deficit, because capital expenditures by the Government in the form of building infrastructure or through similar activities enhances the future growth potential rather than reducing it. However, in the context of public debt,there is a basic distinction between internal and external debt. An internal debt is like redistribution from one section of the society to another. As such, it entails no burden, if we put debtors and creditors on the same footing. An external debt,on the other hand, is definitely a burden to the national economy and has a bearing on its creditworthiness as perceived by international increase in Government budget deficit adds to the existing public the Government raises tax rates in the future to retire this debt, there may be associated inefficiencies. In Regaining Sri Lanka (Sri Lanka 2020), the Government therefore proposed building a “worldclass Revenue Authority” that incorporated. Summary:In the present paper, we have analysed the twin problems of Government budget deficits and mounting public debt in Sri Lanka in the context of economic growth. While analysing the data on the Government budgets from 1975 to 2020, the authors found a current primary surplus throughout. The Government’s current purchases of goods and services have not exceeded its total tax and nontax collections. However, the total current expenditures of the Government have fallen short of the tax and nontax revenues. The ratio of Government investment expenditures to the budget deficit has also been low. This leads the authors to conclude that the Government’s transfer payments and its interest payments on past debt have been the two main reasons for the cumulating budget deficits,resulting in the snowballing public debt in the economy. The continuing internal ethnic conflict has also put a heavy burden on。