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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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Financing
Insights and analysis on the financing of the budget deficit.
Reallocation of Funds Can Help Finance an Election
The infographic depicts the cost of an election in comparison to selected spending decisions undertaken by the government in 2022. In 2022 the government allocated LKR...
From The PF Wire
Source:
Daily Mirror
Market lending rate falls to two-year low as econo...
Last week, the average prime lending rate, a key indicator influencing various loan rates from small businesses to mortgages, reached a two-year low at 10.41 percent, marking a significant drop from its peak of 29.67 percent in November 2022...
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Source:
Daily FT
Fitch upgrades Bank of Ceylon’s VR and Foreign-Cur...
The Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) has been updated to ‘CC’ from ‘RD’ (Restricted Default).
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Source:
Daily News
Bangladesh - Sri Lanka Currency Swap increased to...
Bangladesh’s currency swap agreement with Sri Lanka will be completed by next month, a top official of Bangladesh Bank said. A total of US$ 250 million would be provided on the deal set in motion during Sri Lankan Prime Minister M...
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Insight on Financing
Composition of Sri Lanka's Gross Officia...
The reported gross official reserves as of February 2022 stood at US...
Is the Pandemic the Sole Cause for the D...
Sri Lanka&rsquo...
Sri Lanka’s Short-Term Outflows Exceed U...
Sri Lanka’s gross official reserves...
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In response to rising living cost with inflation rate of 12.1%1...
Sri Lanka’s Fitch Credit Ratings Have Be...
Sri Lanka&rsquo...
Cost of Bilateral and Multilateral Loans
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Physical Progress and Fund Utilization o...
Completion of development projects funded...
Net Foreign Assets of the Central Bank t...
Net Foreign Ass...
Provincial Council Receipts and Expendit...
The finance commission makes an annual re...
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Featured
Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
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Is the Pandemic the Sole Cause for the Depletion i...
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with
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The EPF is the Single Largest Holder of Government...
On June 28, 2023, the Sri Lankan government unveiled its Domestic Debt Restructuring plan. A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for retirement benefit...
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