SL revenue at 8.3%, 3rd lowest

SL revenue at 8.3%, 3rd lowest – IMF

According to an IMF study released on Tuesday (11 October), Sri Lanka (SL), with an estimated revenue collection equivalent to 8.3 per cent of GDP last year (2021), has the third lowest revenue collection among 40 ‘Emerging Market and Middle-Income Economies’ (EMMIE).

SL revenue at 8.3%, 3rd lowest – IMF

Ceylon Today

2022-10-15

Related News and Insights

Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

Find Out More

Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

Find Out More

SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

Find Out More

View All