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Public Report on the 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This report has two major sections. The first deals with the flawed assumptions and estimates used in the formulation of the budget and the second deals with issues in informational standards and gaps in due diligence. Download Publication
Featured Insight
Public Report on the 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This report has two major sections. The first deals with the flawed assumptions and estimates used in the formulation of the budget and the second deals with issues in informational standards and gaps in due diligence. Download Publication
Featured Insight
Public Report on the 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This report has two major sections. The first deals with the flawed assumptions and estimates used in the formulation of the budget and the second deals with issues in informational standards and gaps in due diligence. Download Publication
Featured Insight
Public Report on the 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This report has two major sections. The first deals with the flawed assumptions and estimates used in the formulation of the budget and the second deals with issues in informational standards and gaps in due diligence. Download Publication
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Revenue
Insights and analysis of government revenue.
What Caused the Rise in Tax Revenue from 2021 to 2022?
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A c...
From The PF Wire
Source:
Sunday Times
Banks, finance and other companies requested to pa...
The Inland Revenue Department (IRD) has called on large banks, finance companies and private sector companies to pay their first quarter taxes upfront, ahead of the due date, as the Government is facing a cash-flow problem in paying public s...
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Source:
EconomyNext
Sri Lanka’s China-backed tax free zone conflicts w...
Sri Lanka’s China-backed Colombo Port City special economic zone, which has is giving long term tax holiday is likely to face pressure as the international community which is moving for a minimum 15 percent glo...
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Source:
Daily Mirror
Govt. loses Rs. 3 Bn custom duty from import of 3,...
The Government has incurred a loss of Rs. 3 billion as the Customs Department had levied less customs duties intended for singles cabs when the Toyota Hilux Smart Cabs were imported by the Customs.
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Insight on Revenue
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...
2023 Budget's revenue target missed by L...
The Ministry of Finance Annual Report, re...
Interest Costs Have Been Eating Up Reven...
In 2023, for the first time in history, t...
How did the government revenue rise by 5...
The Central Bank's Annual Economic Re...
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Featured
PF Decoded : Episode 1
How much debt is too much debt ? Sri Lanka’s debt has reached unprecedented levels in the recent past. Analyst Anushan Kapilan covers what debt is, how it can be measured and be quantified.&nb...
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Sri Lanka’s Fitch Credit Rating has been downgrade...
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. ...
Read More
IMF Programme: Performance Evaluation (February 20...
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’....
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