The revenue to the government, including the grants, rose by a staggering 61.8 percent in January 2024. This is a result of the government raking in billions of rupees out of people’s pockets to appease the International Monetary Fund’s rev...

The Government has gazetted the Economic Transformation Bill which sets ambitious targets for the country’s economy for the next two and a half decades. ...

 A bill for Sri Lanka’s proposed Public Financial Management law has set a 13 percent primary spending limit (expenses before interest) as part of efforts to improve fiscal discipline in the future, Treasury Secretary Mahinda Siriwardana sai...

Sri Lanka’s state-run Ceylon Electricity Board has sold shares of an affiliate to West Coast Power Company Limited, an independent power producer giving profits of 25.9 billion rupees in the March 2024 quarter, interim accounts showed.