Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have turned to getting credit cards from Banks even its interest rates have jumped to 40 percent .
The government expenditure surpassed Government revenue by 83.0 percent resulting in a budget deficit of Rs. 524.1 billion which is 0.7 percent higher than the Rs.520.5 billion budget deficit in the same period of 2021
