Sri Lanka President knew revenues will be lost, VAT cut to remain for 5-years: Jayasundera

Sri Lanka’s President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and an 8 percent tax rate slashed from 15 percent, will remain unchanged for 5 -years, a top official said.

https://economynext.com/sri-lanka-president-knew-revenues-will-be-lost-vat-cut-to-remain-for-5-years-jayasundera-80405/

EconomyNext

2021-04-04

தொடர்பான தலைப்புக்கள்

Recap 2024 - 10 key insights by the Public Finance...

As 2024 comes to a close, it’s time to reflect on the year’s key insights brought to you by the Public Finance Platform of Verité Research.

மேலும் அறிந்து கொள்ள

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...

மேலும் அறிந்து கொள்ள

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.

மேலும் அறிந்து கொள்ள

அனைத்தையும் காட்டு