In the fiscal year 2022/23, Sri Lanka's government disclosed a significant foregone revenue of LKR 978 billion, representing 56% of the total tax revenue, due to tax concessions. PublicFinance.lk, a leading economic insights platform mai...

Sri Lanka is set to implement a new Public Procurement Law aimed at curbing corruption and malpractices in the procurement process, responding to reports of inefficiencies and resource wastage highlighted by the Ministry of Finance, the Audi...

The state-run Ceylon Petroleum Corporation (CPC) has implemented significant price reductions for fuel effective from midnight on March 31. Super diesel Euro 4 sees a substantial cut of 72 rupees per litre, now priced at 386 rupees, while pe...

In February 2024, Sri Lanka experienced a significant widening of its trade deficit, which surged by 817 percent to $319 million compared to $39 million previously. This was accompanied by a notable 35 percent increase in imports, while merc...