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Income Tax Calculator

Try out our new income tax calculator and find out how much you would be paying at different tax structures.

Sri Lanka vs. IMF Programme Targets

Sri Lanka is currently entering its 17th IMF programme with the impending board level agreement. However, over the 54-year period from 1965 to 2019, Sri Lanka has been in an IMF programme for 28 of those years. In other words, Sri Lanka has been in an IMF programme for over 50% of the period....

Will the Increase in Cigarette Taxes Meet Budgeted Revenue?

On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...

State of The Budget Report 2022: Assessment on whether the expenditure allocations and taxation policies are in line with the government’s policy

This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2022. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.

Expenditure Proposals from the 2023 Budget

The following infographics present some of the key expenditure proposals presented in the 2023 Budget.

Sectoral Allocations for the 2023 Budget

Sectoral allocations from the 2023 Budget, ranging from defence to water and sanitation

Expected GDP Outcomes - Budget 2023

Sri Lanka Budget 2023 expects a 27% year over year increase in nominal GDP, with an increase of LKR 6,519 Bn. from the revised 2022 estimates.

Summary of the Budget 2023

Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit.

Sri Lanka's Fiscal for Targets for 2023

Sri Lanka Budget 2023: Government revenue is expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023.

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