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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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SL set to be removed from IMF’s surcharge list of countries from November
Sri Lanka will be removed from the IMF's surcharge list starting November 1, 2024, due to reforms that raise the threshold for surcharges from 187.5% to 300% of a country's quota, significantly reducing its borrowin...
2024-10-22
Daily Mirror
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Govt. infuses fresh capital of Rs.46bn to SriLankan Airlines
The government has infused fresh equity to the tune of Rs.45.7 billion to SriLankan Airlines in two tranches through April 2021, under the capital enhancement and restructure programme announced last year to help the airline stand on its own...
2021-07-13
Daily Mirror
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CPC records whopping Rs.45bn loss for January-April period
The Ceylon Petroleum Corporation (CPC) reported a net loss of Rs.45 billion during the first four months through April 2021, and the subject Minister had said the losses mounted to Rs.57 billion by May.
2021-07-12
Daily Mirror
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Stage set to launch Special GST
The Government is ready to introduce the Special Goods and Services Tax (SGST) in a major reform of the country’s taxation by enacting the new GST bill in parliament soon after its approval by the Cabinet of Ministers, a senior Treasur...
2021-07-11
Sunday Times
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Kerawalapitiya power plant: 40 percent of shares for US company
The Finance Ministry has signed a framework agreement with a United States-based company to sell 40 percent of shares of the Treasury-owned 300MW Kerawalapitiya Yugadhanavi Power Plant instead of 51 percent as originally proposed.
2021-07-11
Sunday Times
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