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Revenue
Insights and analysis of government revenue.
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently overestimated the capacity to raise revenue. Therefore, it is prudent to examine from where the 45% increase in revenue is expected. The chart above shows that more than half the increase (56%) is expecte...
From The PF Wire
Source:
The Morning
CBSL had a day one loss of over Rs. 760 b through...
The Central Bank of Sri Lanka (CBSL) faced a Day One Loss of over Rs. 760 billion due to restructuring approximately Rs. 2.5 trillion worth of CBSL debt through the Domestic Debt Optimization (DDO) initiative.
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Source:
The Island
PUCSL Chairman insists fuel can be sold a lot chea...
Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), Janaka Ratnayake has told the Committee on Public Enterprises (COPE) that petrol and diesel can be priced at approximately Rs. 250.
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Source:
EconomyNext
Sri Lanka taxes frozen mackerel at Rs 6.00 a kilo,...
Sri Lanka has issued a gazette notice taxing mackerel at 6.00 rupees a kilogram while taxing kurakkan at 70 rupee a kilogram. htt...
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Insight on Revenue
Cigarette Taxation Formula – The Cost of...
In 2019 the government introduced a policy where taxes and prices on...
Sri Lanka's Government Revenue in 2021 C...
Government revenue in 2021 was only 41% of its expenditure, which wa...
Changes in Tax Structure Leads to Shrink...
Sri Lanka experienced a significant change in its tax system for the...
Tax on Sanitary Napkins
On the
Government Revenue and Grants Over The P...
Revenue and Grants declined by LKR 91 BN from 2020 to 2021.​
Sri Lanka’s Revenue to GDP Ratio Reaches...
Data on Sri Lanka’s revenue to GDP ratio is available from 195...
Shrinking Tax Base Increases Tax Burden...
The income tax per person is calculated as the total government reve...
Earnings from Tourism: Are we getting it...
Sri Lanka is expecting the earnings from tourism to play a significa...
Workers’ Remittances in 2021 Falls to 10...
Remittances reached a 10-year low in 202...
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Featured
Will the budget's veil of secrecy be lifted in 202...
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.  
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Defence budget for uniforms and diets alone up by...
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022. 
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IMF Programme: Performance Evaluation (February 20...
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’....
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