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Featured Insight
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same period in 2022. Despite this growth, the Q1 2023 tax revenue collection fell short of the target set in agreement with the International Monetary Fund (IMF), which was LKR 650 billion, by 11%. Moreover, the tax-to-GDP ratio for the first quarter of 2023 was reported to be 7.9%. This is lower than the annual target of 9.7% agreed upon with the IMF, indicating a gap of 1.8 percentage points that needs to be bridged in order to meet the target agreed upon with the IMF for the year.
Featured Insight
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same period in 2022. Despite this growth, the Q1 2023 tax revenue collection fell short of the target set in agreement with the International Monetary Fund (IMF), which was LKR 650 billion, by 11%. Moreover, the tax-to-GDP ratio for the first quarter of 2023 was reported to be 7.9%. This is lower than the annual target of 9.7% agreed upon with the IMF, indicating a gap of 1.8 percentage points that needs to be bridged in order to meet the target agreed upon with the IMF for the year.
Featured Insight
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same period in 2022. Despite this growth, the Q1 2023 tax revenue collection fell short of the target set in agreement with the International Monetary Fund (IMF), which was LKR 650 billion, by 11%. Moreover, the tax-to-GDP ratio for the first quarter of 2023 was reported to be 7.9%. This is lower than the annual target of 9.7% agreed upon with the IMF, indicating a gap of 1.8 percentage points that needs to be bridged in order to meet the target agreed upon with the IMF for the year.
Featured Insight
Tax revenue misses IMF target in 1st quarter!
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same period in 2022. Despite this growth, the Q1 2023 tax revenue collection fell short of the target set in agreement with the International Monetary Fund (IMF), which was LKR 650 billion, by 11%. Moreover, the tax-to-GDP ratio for the first quarter of 2023 was reported to be 7.9%. This is lower than the annual target of 9.7% agreed upon with the IMF, indicating a gap of 1.8 percentage points that needs to be bridged in order to meet the target agreed upon with the IMF for the year.
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அரச செலவினம் தொடர்பான பகுப்பாய்வுகளும் விரிவான பார்வைகளும்.
Government introduces new expenditure and relief through supplementary budget
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...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
The Morning
Inflation edges up marginally in April
The overall rate of inflation rose to 2.7% in April 2024, up from 2.5% in March 2024. Food inflation decreased to 3.3% in April 2024, down from 5.0% in March 2024.
மேலும் வாசிக்க
Source:
Daily News
President directs Govt institutions to limit expen...
On the instructions of President Ranil Wickremesinghe, President’s Secretary Saman Ekanayake has informed all government institutions to strictly adhere to the Circular issued by the Treasury regarding the limitation of government expe...
மேலும் வாசிக்க
Source:
economynext
Sri Lanka anti-COVID-19 measures to cost $550 mill...
Sri Lanka’s anti-Covid-19 measures including vaccination, tests, and oxygen is expected to cost 550 million US dollars and more than 80 percent will be financed by the World Bank and Asian Development Bank, President’s Secretary...
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நுண்ணறிவு செலவினம்
Government introduces new expenditure an...
On 05 December 2024, the government prese...
தேர்தல் பாதீடு எவ்வாறு செலவிடப்படுகின்றத...
பொதுத் தேர்தல் நெருங்கி வருகின்றது. அரசாங...
பாராளுமன்றத்தின் செலவினம் - அதில் என்ன அ...
இலங்கை அதன் பாராளுமன்றத்தை நடத்துவதற்கு, விரிவான தரவுகளைக் கொண்ட மிகச்...
பாரியளவான உட்கட்டமைப்பு கருத்திட்டங்களின...
2016 ஆம் ஆண்டின் 12 ஆம் இலக்க தகவலறியும்...
பொருளாதார நிலைமாற்றச் சட்டத்தின் 2.3% என...
சமீபத்தில் இயற்றப்பட்ட பொருளாதார நிலைமாற்...
வரவு செலவுத்திட்ட செயற்திறன் 2023: செலவி...
The Ministry of Finance Annual Report, re...
2023 அரச செலவினங்களின் அதிகரிப்பு, வட்டி...
2023ல் அரசாங்க செலவினம் 20% ஆல் அதிகரித்த...
2023 இல் அரசாங்கம் தனது செலவினங்களுக்கு...
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விவரணம்
Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
மேலும் வாசிக்க
Is Maldives going down Sri Lanka's path?: Concern...
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the large...
மேலும் வாசிக்க
Sri Lanka met 46 IMF commitments and failed 12 by...
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Re...
மேலும் வாசிக்க