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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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Sri Lanka delegation discussed taxes, revenues with IMF: Minister
A Sri Lankan delegation discussed tax revenue targets with the IMF, focusing on increasing VAT and other taxes for the 2025 budget.While no final decisions were made, the IMF prefers revenue hikes over spending cuts to addr...
2024-10-30
Economy Next
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Sri Lanka budget 2023, key tax changes
Sri Lanka President Ranil Wickremesinghe has announced tax changes in an effort to boost revenues and also make external trade easier, according to a budget presented for 2023.
2022-11-15
Economy Next
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World Bank-funded urea to support small-scale paddy growers
Sri Lanka took delivery this week of the first stock of urea fertiliser purchased with World Bank funding provided under an emergency facility.
2022-10-30
The Sunday Times
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Electricity to cost 2.5% more due to Social Security Tax
Electricity charges will increase by 2.5%, the Public Utilities Commission (PUCSL) confirmed yesterday.
2022-10-27
Daily Ft
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Low interest working capital loan scheme for SMEs under ADB credit line
Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the Finance Ministry said.
2022-10-27
LBO
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