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Fiscal Targets: Budget 2024
Projections in the budget expect revenue to be 13.1% of GDP in 2024.
Featured Insight
Fiscal Targets: Budget 2024
Projections in the budget expect revenue to be 13.1% of GDP in 2024.
Featured Insight
Fiscal Targets: Budget 2024
Projections in the budget expect revenue to be 13.1% of GDP in 2024.
Featured Insight
Fiscal Targets: Budget 2024
Projections in the budget expect revenue to be 13.1% of GDP in 2024.
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IMF third tranche hinges on proposed PFM Act: Dr. Coomaraswamy
The proposed Public Financial Management (PFM) Act is crucial for securing the disbursement of the third tranche of the IMF's $3 billion bailout package.
2024-04-24
Daily Mirror
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SCL tax revenue lost to Govt. as importers enjoy huge profits
The Sri Lankan government's tax revenue is experiencing a continual decline due to the inadequacy of adjusting the Special Commodity Levy (SCL) in proportion to the US dollar (USD), leading to excessive profits for traders. This has resu...
2024-04-09
The Morning
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Sri Lanka cabinet approves revised electricity reform bill
Sri Lanka's cabinet approved a revised electricity reform bill that will be presented to parliament by the end of April. This bill, linked to a $100 million loan from the Asian Development Bank, aims to restructure the Ceylon Electricity...
2024-04-09
Economy Next
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Sri Lanka state workers, military given Rs107bn in April salaries
In April, Sri Lanka's Treasury released 107 billion rupees to state workers for their salaries, which includes an increment, as announced by State Minister for Finance Ranjith Siyambalapitiya. The usual monthly salary bill amounts to aro...
2024-04-09
Economy Next
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1Q tourism earnings top $ 1 b
Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing $1 billion in earnings during the first quarter of 2024. This remarkable feat marks a striking 103% increase compared to the same period last year, showc...
2024-04-08
Daily FT
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