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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.

Domestic Debt Restructuring

Sri Lanka faces a challenge to emerge from the continuing crisis. This background note argues that domestic debt restructuring (DDR) provides four benefits critical for the economy and country to emerge from the present crisis stronger and more resilient than before....

Highlights from the Appropriation Bill for 2023

The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November. The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2...

Gazetted Taxes are 4.3ppt to 15.4ppt of Income Higher than Proposals Affirmed in the Interim Budget

The infographics provide details on how the recent personal income tax changes will affect the amount of personal income tax paid by an individual.

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