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Over Estimation Of Social Security Contribution

Budget 2022 proposed a Social Security Contribution (SSC) tax to rebuild the Sri Lankas Economy from the COVID- 19 pandemic. SSC is charged at 2.5% on an annual turnover exceeding LKR 120 million. This tax is propsed to be in effect from Apr...

Underestimation of Sri Lanka’s Central Government Debt

Since 2020, the government has revised up its Debt/GDP ratio estimates for the next few years. However, Verité predicts that despite the government’s expectations to decrease debt to GDP to 89.2% by 2...

Total Revenue Estimates : Govt and Verité

The government has consistently overestimated its revenue. The government revised it’s initial estimate of LKR 2,019 Bn revised downwards by 22.9% to LKR 1,556. In 2021 Verité's Public report on the 2021 Budget , Verit&eacut...