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How did Sri Lanka Finance Government Expenditure in 2022?
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakdown of government finances for the year 2022.
Featured Insight
How did Sri Lanka Finance Government Expenditure in 2022?
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakdown of government finances for the year 2022.
Featured Insight
How did Sri Lanka Finance Government Expenditure in 2022?
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakdown of government finances for the year 2022.
Featured Insight
How did Sri Lanka Finance Government Expenditure in 2022?
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakdown of government finances for the year 2022.
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SL still few more steps away from celebrating debt restructuring success
Sri Lanka is nearing the completion of its debt restructuring but must continue with economic reforms and avoid past mistakes of abandoning them after achieving stability, as stated by Treasury Secretary Mahinda Siriwardana...
2024-07-25
Daily Mirror
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Govt. loses Rs. 3 Bn custom duty from import of 3,000 Toyota Hilux Smart Cabs: COPA
The Government has incurred a loss of Rs. 3 billion as the Customs Department had levied less customs duties intended for singles cabs when the Toyota Hilux Smart Cabs were imported by the Customs.
2021-07-22
Daily Mirror
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Govt. mulls regulating and taxing online trading platforms
The government is contemplating on introducing a system to regulate the online trading platforms and bring some of them under its tax regime, Trade Minister Bandula Gunawardena told Parliament yesterday.
2021-07-21
Daily Mirror
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Tax Amnesty Bill: A quick fix for budget gap?
Tax amnesties have the potential to encourage corruption and money laundering. They could weaken law enforcement in such grey areas, as income tax officers are prohibited to investigate the perpetrators of white-collar crimes who benefit fro...
2021-07-20
Daily FT
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Sri Lanka ‘Caa1’ sovereign rating on downgrade review by Moody’s
Sri Lanka’s ‘Caa1’ sovereign rating has been place on review for downgrade by Moody’s citing weak external position and decreasing institutional strength.
2021-07-19
economynext
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