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The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.
Featured Insight
The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.
Featured Insight
The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.
Featured Insight
The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.
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Revenue
Insights and analysis of government revenue.
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same peri...
From The PF Wire
Source:
Daily FT
March exports soar to 19-month high of $ 1.14 b
March 2024 saw Sri Lanka's exports reach a 19-month high of $1.14 billion, driving first-quarter performance up by 5.7% to $3.17 billion.
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Source:
The Morning
IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
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Source:
Daily Mirror
Expressway revenue declines due to fuel scarcity
The daily revenue for the expressway has declined by an amount of Rs. 15 - 16 million due to the current fuel shortage.
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Insight on Revenue
Cigarette Tax Indexation: Getting it Rig...
The indexation method introduced in 2019...
Tobacco Policy: Mitigating the Influence...
The Hidden Side of Cigarette Pricing
The media in Sri Lanka has often misrepre...
Who is responsible for Alternative facts...
The term ‘Alternative Facts’...
Fixing Sri Lanka's Revenue Problem is a...
Taxes are the key source of government revenue. Normally, the tax shar...
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Featured
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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Sri Lanka Met 33 IMF Commitments and failed 8 by e...
Sri Lanka had verifiably met 33 of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of June 2023 but had failed eight, according to the ‘IMF Tracker', an online tool lau...
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Large Scale Infrastructure, Small Scale Disclosure...
This article was compiled by Subhashini Abeysinghe and Chathuni Pabasara. Subhashini Abeysinghe is a Research Director at Verité Research and an eco...
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