The salary demands of striking public servants would require increasing the VAT from the current 18% to between 20%-23%, which is not viable. This highlights the significant fiscal challenge and the necessity for sustainable...

Government has registered 14 previously overlooked fields for mandatory tax payments, which, along with stringent investigations by the Inland Revenue Department, has increased tax revenue from 8.3% to over 11% of GDP.

Standard Chartered projects that Sri Lanka's nominal GDP will grow significantly, leading to a high probability of a principal haircut of less than 20% for GDP-linked bonds and a gradual depreciation of the rupee agains...

If Sri Lanka enhances transparency, reduces corruption, and increases government revenue, the proposed 28 percent bond haircut could rise to 35 percent, with the potential for further adjustments based on economic growth rate...