Topics
Explore
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Topics
Revenue
Revenue
Insights and analysis of government revenue.
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....
From The PF Wire
Source:
Daily Ft
Govt. hikes VAT to 18% to meet revenue targets set...
The government has announced a VAT rate increase from 15% to 18% effective from January 1, 2024, to meet revenue targets set by the International Monetary Fund (IMF). Despite a significant 51% increase in tax receipts during the first nine m...
Read More
Source:
Daily Ft
Harsha proposes new PAYE tax scheme focused on pro...
SJB MP Dr. Harsha de Silva has proposed an alternative PAYE taxation system to address the emigration of professionals from the country. The proposal, developed after discussions with the Professionals Trade Union Alliance, aims to create a...
Read More
Source:
The Sunday Times
More tax hikes in upcoming Budget
The Government will have to further increase taxes in the upcoming 2023 Budget to meet the cost of major welfare and relief programmes, totalling more than Rs 800 million already implemented this year, a senior Treasury official said....
Read More
Insight on Revenue
Taxes on Motor Vehicle Imports
Last year the government placed import restrictions on motor vehicles. How did this aff...
Deviation of Actual vs. Estimated Revenu...
The Fiscal Management Report released recently shows that Tax Revenue between Jan – Aug 202...
Summary of Fiscal Indicators, 1950 to 20...
The following chart displays the government revenue and expenditure...
Government Revenue in 2020 – Not Suffici...
According to the Ministry of Finance, government revenue is expected t...
Tax Impacts of Import Restrictions
Between Apr...
2020 Mid-year Fiscal Performance
Latest figures released by the Central Bank of Sri Lanka show that rev...
Sri Lanka’s Fiscal Performance (2020 vs...
The latest figures released by the Ministry of Finance show that the f...
Sri Lanka’s already lagging Tax to GDP r...
Sri Lanka’s Tax/GDP ratio has been declining with further declin...
The budget deficit has increased in 2019...
The recently released figures for 2019 show that government revenue ha...
page
4
of
6
‹
1
2
...
4
...
5
6
›
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...
Read More
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...
Read More
Why Tracking the IMF Programme Implementation is o...
This article was compiled by Dr. Nishan de Mel and Raj Prabu Rajakulendran. Dr. Nishan de Mel is the Executive Director of Verité Research and an ec...
Read More