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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.
Featured Insight
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.
Featured Insight
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.
Featured Insight
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.
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Revenue
Revenue
Insights and analysis of government revenue.
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
From The PF Wire
Source:
The Morning
Merchandise trade deficit narrowed in March
In March 2024, the merchandise trade deficit narrowed to $369 million, compared to $412 million in March 2023, primarily due to higher export growth than import growth.
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Source:
Daily News
Revenue generated by divesting SOE’s could be plou...
Senior Economist Richard Miller of the World Bank emphasized the necessity for Sri Lanka to persist with its State-Owned Enterprise (SOE) reform program, dismissing the argument against divesting profitable SOEs. He highlighted that privatiz...
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Source:
Sunday Times
IRD warns of more revenue loss; urgent tax reforms...
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...
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Insight on Revenue
Primary and Budget Balances move in oppo...
The Fiscal Management Report 2024 publish...
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently over...
VAT to reach 20 year high from January
The Cabinet recently sanctioned an increa...
Tax revenue misses IMF target in 1st qua...
According to the 2022 Annual Report from...
Why did Sri Lanka fall short of revised...
Sri Lanka mis...
What Caused the Rise in Tax Revenue from...
In the Central Bank's Annual Report f...
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most So...
Government Revenue Loss due to the Sugar...
The Special Commodity Levy (SCL) on impor...
Income Tax Calculator
Try out our new income tax calculator and...
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Featured
Is the Pandemic the Sole Cause for the Depletion i...
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with
Read More
Change in Tariffs on Monthly Electricity Consumpti...
Electricity tariffs were initially revised in August 2022, which was the first revision since November 2014. However, in February 2023 tariffs were revised again (see table below).
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Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
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