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Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
Featured Insight
Defence budget for uniforms and diets alone up by LKR 75 Bn
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. In other words 40 percent of the revenue increase from personal income tax is projected to be used solely to fund this rise in the defence budget for uniforms and diets.
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Government Deficit Has Decreased By Rs. 32 Billion from the Years 2020 to 2021
The recently released figures for 2021 show that government revenue has fallen from 9.2% of GDP in 2020 to 8.7% of GDP in 2021. Meanwhile, government expenditure has decreased from 23.0% of GDP in 2020 to 21.0% of GDP in 2021. This has caused...
2022-09-20
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Public Report on the 2021 Budget: Assessment on whether the expenditure allocations and taxation policies are in line with the government’s policy
This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2021. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.
2021-05-17
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Budget 2021 Round-up Part 2- Who Knows the Numbers?
Executive Director Nishan de Mel and Research Director Deshal de Mel discuss the numbers behind Sri Lanka’s 2021 Budget.
2021-03-17
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Over Optimistic Estimates in the 2021 Budget
Sri Lanka’s budget for 2021 featured large overestimations in Government revenue. See below for a breakdown of this overestimation by the d...
2021-01-08
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Missing Estimates in Budget Speeches
The budget for the year 2021 featured a number of missing estimates for some of its proposals. In fact, 36 revenue proposals and 32 expenditure proposals had no estimated figures in the 2021 Budget in comparison to 11 revenue proposa...
2020-12-16
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Breakdown of Government Revenue, 2000 to 2021
Here is a summary of government revenue over the years 2000 to 2021 with a breakdown by source of revenue for each year. Hover over the bar for each year to view the revenue contributions from different sources....
2020-11-20
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Budget 2021 Round-up With Expert Commentary
The Public Finance Platform presents an expert commentary on the 2021 budget speech, featuring panelists from various fields. Hosted by Deshal de Mel (Verité Research) and Dhananath Fernando (Advocata Institute), this discussion&...
2020-11-17
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Total Government Revenue 2021
The chart below shows the breakdown of the budgeted government revenue for 2021. Click on the respective categories/subcategories for more details.
2020-11-17
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Summary of 2021 Budget
Here’s a summary of government expenditure, revenue and financing allocated in the 2021 Budget. Government expenditure for 2021 amounts to LKR. 3,594 Bn and government revenue and grants for 2021 amounts to LKR. 2,029. Note: Figures in the Budget Speech may not always be similar t...
2020-11-17
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