Govt. revenue considerably up in first half amid tax increases

The government revenue in the first half of 2022 jumped the most in recent times as Value Added Tax (VAT) and a slew of other taxes were raised effective from June as part of broader fiscal sector reforms to end or at least limit the monetary financing of the gaping hole in the budget.According to the data available through June, the total government revenue rose by 28.5 percent to Rs.919.5 billion in the first six months from the same period in 2021.

Daily Mirror

2022-09-19

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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