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Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
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Insights and analysis of government revenue.
Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
From The PF Wire
Source:
The Morning
SCL tax revenue lost to Govt. as importers enjoy h...
The Sri Lankan government's tax revenue is experiencing a continual decline due to the inadequacy of adjusting the Special Commodity Levy (SCL) in proportion to the US dollar (USD), leading to excessive profits for traders. This has resu...
Read More
Source:
Daily FT
1Q tourism earnings top $ 1 b
Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing $1 billion in earnings during the first quarter of 2024. This remarkable feat marks a striking 103% increase compared to the same period last year, showc...
Read More
Source:
Sunday Times
Stage set to launch Special GST
The Government is ready to introduce the Special Goods and Services Tax (SGST) in a major reform of the country’s taxation by enacting the new GST bill in parliament soon after its approval by the Cabinet of Ministers, a senior Treasur...
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Insight on Revenue
Sri Lanka’s new personal income tax stru...
In his recent address to Parliament, the...
Tax policy proposals announced by the pr...
In his parliamentary speech on December 1...
Sri Lanka’s higher tax rate and lower re...
Sri Lanka's Corporate Income Tax (CIT...
Government revenue rose during the first...
During the first eight months of 2024, go...
Sri Lanka’s generous tax-free personal i...
Sri Lanka has the highest tax-free income...
Sri Lanka’s quick climb to the top perso...
Sri Lanka imposes its highest tax rate at...
Disparity in personal income tax burden...
Sri Lanka's personal income tax burde...
‘Asset Declarations Penalty Calculator’...
The Anti-Corruption Act No. 9 of 2023 int...
Sri Lankans enjoy most tax-free income i...
The comparison of Sri Lanka’s perso...
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Featured
How did Sri Lanka Finance Government Expenditure i...
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakd...
Read More
An Overview of IMF Extended Fund Facility
This article was compiled by Professor Udara Peiris and Raj Prabu Rajakulendran. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenur...
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Electricity Bills in Sri Lanka: Highest in South A...
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in Febru...
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