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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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Cabinet nod to increase national minimum wage to Rs. 17,500
The Cabinet of Ministers in Sri Lanka has approved a proposal to increase the national minimum wage by Rs. 5,000. As a result, the minimum wage will rise from Rs. 12,500 to Rs. 17,500. This decision comes following a recommendation from a te...
2024-03-27
Daily Mirror
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Rs 100M for Muthurajawela Conservation
The Ministry of Environment has allocated Rs 100 million for 2022 to the conservation programme of the Muthurajawela wetland. The Muthurajawela wetland covers an area of 6,236 hectares, including 3,168 hectares up to...
2022-02-24
Ceylon Today
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National inflation surges to 16.8% in January
In line with Colombo prices, the national consumer prices too climbed in January reaching its highest levels since officials began compiling data for the index in October 2015 as food prices climbed and the non-food prices continued to gain...
2022-02-23
Daily Mirror
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Fiscal deficit through November tops Rs.1.7tn
The deficit in the budget hit an all-time high in January-November 2021 period, as the latest fiscal data showed revenue slippages and expenses over and above what was budgeted and what was spent a year ago.
2022-02-23
Daily Mirror
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Sri Lanka eyes diaspora incentive package to boost investments
Sri Lanka’s state run Board of Investment (BOI) is to formulate an incentive package for Sri Lankans with foreign citizenship when they invest in the island nation, a BOI source said.
2022-02-20
Economy Next
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