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Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
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එක් එක් පළාත් සභාව වෙනුවෙන් එහි ආදායම සහ වියදම සඳහා සම්පූර්ණ අනුඛණ්ඩනයක් මෙම ලේඛනය විසින් ඉදිර්පත් කෙරේ. අදාළ පළාත් සභාව යටතේ පවතින ප්‍රධානීන්/වැඩසටහන් හරහා ඉදිරිපත් වී ඇති ඇස්තමේන්තුගත වියදම්ද එමඟින් ලබා දේ
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