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Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
Featured Insight
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
Featured Insight
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
Featured Insight
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
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Sri Lanka trade deficit up 77-pct to Feb, imports surge, rupee appreciates
In February 2024, Sri Lanka experienced a significant widening of its trade deficit, which surged by 817 percent to $319 million compared to $39 million previously. This was accompanied by a notable 35 percent increase in imports, while merc...
2024-03-29
Economy Next
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Sri Lanka hopes to declare out of bankruptcy by Q1 2024: Minister
Sri Lanka, which declared default in April 2022, is actively negotiating with its private bondholders to finalize a debt restructuring agreement by the end of March 2024, according to State Finance Minister Shehan Semasinghe...
2023-12-18
EconomyNext
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IMF Staff Mission Recommends Avoiding Further Monetary Policy Loosening in Sri Lanka
The IMF staff mission advised against further loosening of Sri Lanka's monetary policy, warning that it could jeopardize economic recovery and increase inflation risks. They commended the Central Bank of Sri Lanka (CBSL) for meeting its...
2023-12-18
LBO
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VAT increase: Inflation expected to increase by 2.5%
Sri Lanka’s Value Added Tax (VAT) increase to 18% from January 2024 onwards along with reduction of VAT threshold to Rs. 60 million and removal of VAT exemptions from 97 items out of 138 goods is expected to increase the inflation by 2...
2023-12-11
The Morning
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SL tourism revenue reaches $ 1.8 Bn
The revenue earned from tourism increased to $ 205.3 million in November 2023 which is over twice the revenue in November 2022, according to the latest data. Minister o...
2023-12-11
The Morning
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