The Bloomberg Intelligence report warns that Sri Lanka's economic recovery is at risk if reforms stall after the presidential elections, potentially leading to a suspension of the IMF program. It emphasizes the need...

The IMF recommends an imputed rental income tax on owner-occupied and vacant residential properties to boost central government revenue as part of essential tax reforms under the Extended Fund Facility (EFF) program.

In the first half of 2024, the overall budget deficit significantly decreased to Rs. 598.7 billion, down from Rs. 1.24 trillion in the same period of 2023, reflecting improved fiscal management. ...

Substantial salary increases for public servants, ranging from 24% to 50%, along with performance-based increments and benefits, effective from January 2025. &nbs...