The government budget is one of the most significant task for the any economy. Sri Lanka face significant challenges preparing and execution budget for year 2021 due to Covid 19 pandemic situation. The new government will have to face the serious task of reviving the economy. Those who governed the country after the independence, those who were in the opposition during that period and the people who have voted in the elections from the independence are responsible for the economic plight of the country. There were deficits, which means the expenses of the Government were more than its income, in the Government budget from the independence except for two years.

When analyse the GDP growth of Sri Lanka even though every quarter presents positive figures of GDP growth, first quarter of 2020 shows negative growth. It is close to -2%. It means government not supposed to get value creation and value capturing from agriculture, industrial and service sectors.