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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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Budget 2024
Budget 2024
Detailed analysis of the 2024 Budget
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
From The PF Wire
Source:
The Morning
Govt. manages budget deficit independently
State Minister of Finance Shehan Semasinghe announced that under a new Central Bank Act, the Government independently manages the budget deficit. ...
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Source:
The Morning
Budget deficit: A stubborn stain on the balance sh...
Sri Lanka's persistent budget deficit has become a perennial issue, plaguing successive governments due to poor financial management practices. Verité Research's recent findings (Read more :
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Source:
Economy Next
Sri Lanka’s 2024 budget to see new welfare, revenu...
Sri Lanka's 2024 budget, set for presentation, emphasizes crucial IMF deficit targets for economic recovery. President Wickremesinghe faces a balancing act, tethered between IMF obligations and public sentiment. Meeting the 13.3% GDP rev...
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Insight on Budget 2024
Highlights from the Appropriation Bill f...
The Appropriation Bill for 2024 was prese...
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Featured
Uncovering Sri Lanka's Debt Trail: Who owns Sri La...
The chart below depicts the ownership of Sri Lanka's external debt as at end of Sept 2022.
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Is Maldives going down Sri Lanka's path?: Concern...
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the large...
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Purification Corrupted
Find out how a much-needed water purification project in Sri Lanka became riddled with corruption and abuse of power due to the lack of a national procurement law.For more...
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