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Budget 2023
Detailed analysis of the 2023 Budget
Expected GDP Outcomes - Budget 2023
Sri Lanka Budget 2023 expects a 27% year over year increase in nominal GDP, with an increase of LKR 6,519 Bn. from the revised 2022 estimates.
From The PF Wire
Source:
Sunday Times
New tax hike hurts high income earners
The Government’s desperate move of increasing income tax to a very high level under the new tax reforms fulfilling one of the commitments for the US$2.9 billion IMF extended fund facility has hit hard the high income earners and professionals below the belt.
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Source:
Sunday Times
Treasury orders ministries to further reduce budge...
The Finance Ministry has issued a fresh circular, directing ministries to further slash their budgets by six percent... https://www.sundaytimes.lk/230122/news/tre...
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Source:
Economy Next
Sri Lanka parliament nod for 2023 budget with high...
Sri Lanka’s parliament passed 2023 budget that has proposed higher taxes and some basic reforms to content the International Monetary Fund (IMF) and secure $2.9 billion loan from the global lender to move out of the island nation&rsquo...
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Insight on Budget 2023
Does Sri Lanka Need More Rules or Better...
The government of Sri Lanka proposed introducing a new law to establish stronger rules on public...
Expenditure Proposals from the 2023 Budg...
The following infographics present some of the key expenditure proposals presented in the 2023 Bu...
Sectoral Allocations for the 2023 Budget
Sectoral allocations from the 2023 Budget, ranging from defence to water and sanitation
Expected GDP Outcomes - Budget 2023
Sri Lanka Budget 2023 expects a 27% year over year increase in nominal GDP, with an increase of L...
Summary of the Budget 2023
Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget...
Sri Lanka's Fiscal for Targets for 2023
Sri Lanka Budget 2023: Government revenue is expected to be 11.3% of GDP in 2023, according to pr...
Highlights from the Appropriation Bill f...
The Appropriation Bill for 2023 was presented to Parliament on the 1...
Featured
Composition of Sri Lanka's Gross Official Reserves
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is eq...
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Sri Lanka’s Fitch Credit Rating has been downgrade...
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings.   ...
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International Women's Day
In Sri Lanka, as shown above, women are half as likely to enter the labour market, and twice as likely to be unemployed than men.  82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven t...
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