This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2021. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.

The draft version of the Colombo Port City Commission Bill provides substantial exemptions, both tax and non-tax related. The exemptions given in this bill even outweigh the already generous incentive scheme proposed in the Strategic Develop...

A foreign currency swap is an agreement to exchange currency between two parties. A bilateral currency swap is when two central banks from different countries exchange two different currencies with each other.