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Sri Lanka annual GDP growth projected to be around 4.5% – 5 % in 2024
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...
2024-11-28
Daily News
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Germany pledges to convert EUR 13 MN loan into grant for construction of new maternity hospital in Galle
Strengthening the long-standing close partnership between Germany and Sri Lanka, the German government proposed to convert the supplementary loan obtained from the German KfW bank for completing the New Maternity Hospital (Teaching) Galle into a grant, Finance Ministr...
2021-11-07
Island
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Sri Lanka aims to cut deficit, have non-traditional budget in 2022
Sri Lanka aims to make a ‘significant reduction’ in the country’s runaway fiscal deficit in 2022 and have a ‘non-traditional budget’ senior officials said as the country is also facing severe monetary instability due to artificially low i...
2021-11-03
Economy Next
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Public Finance Committee clears 2022 Appropriation Bill
The Appropriation Bill for 2022 has been approved by  the  Committee  on Public  Finance. According to  the  Bill, which  was  tabled  in Parliament,  the total expenditure for 2022 is estima...
2021-10-31
Daily FT
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IRD warns of more revenue loss; urgent tax reforms not done
Secretary of the Inland Revenue Service Union (IRSU), told the Sunday Times that the IRD’s revenue had fallen from Rs1,025 billion in 2019 to just Rs 424 billion in 2020, due to the Government’s decision to drastically slash exis...
2021-10-30
Sunday Times
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