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Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
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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
Sri Lanka achieves 106% of tax target
Sri Lanka has exceeded its tax revenue target for the first quarter of 2024, achieving 106% of the set goal. The Inland Revenue Department (IRD), Sri Lanka Customs, and the Excise Departme...
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Source:
Daily Mirror
Sweeping changes to personal and corporate income...
Sri Lanka this week gazetted key income tax changes proposed in May, giving effect to a host of personal and corporate income tax hikes while removing concessions and exemptions, with a view to raise government revenues to fix...
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Source:
Economy Next
Sri Lanka to make income tax files compulsory
Sri Lanka will make income tax registration compulsory for everyone above 18 years, President Ranil Wickremesinghe is presenting a revised budget. Sri Lanka is trying t...
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Insight on Revenue
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...
Consistent revenue shortfalls lead to mo...
The deviation in government revenue from...
Changes in Special Commodity Levy (SCL)...
On 22 May 2020, Sri Lanka made changes to...
Cigarette Taxes: The cost of failure
The Government proposed a policy to syste...
Cigarette Taxation: 20 Billion Extra Rev...
The Government could raise an extra Rs. 2...
Sri Lanka’s Fiscal Outlook 2020
The International Monterey Fund estimates...
Tax Revenue Categories
How could COVID-19 affect government reve...
Overestimations in Revenue Expectations
Governments have consistently overestimated revenue and thes...
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Featured
Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.The Appropriation Bill shows that there is a 12%...
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Sri Lanka met 46 IMF commitments and failed 12 by...
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Re...
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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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