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Featured Insight
What Caused the Rise in Tax Revenue from 2021 to 2022?
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a substantial portion of this growth stems from increments in Value Added Tax (VAT), Personal Income Tax and Corporate Tax, which experienced respective increments of Rs 155 billion and Rs 212 billion. Improving fiscal consolidation will be of paramount importance as Sri Lanka advances in its IMF program.
Featured Insight
What Caused the Rise in Tax Revenue from 2021 to 2022?
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a substantial portion of this growth stems from increments in Value Added Tax (VAT), Personal Income Tax and Corporate Tax, which experienced respective increments of Rs 155 billion and Rs 212 billion. Improving fiscal consolidation will be of paramount importance as Sri Lanka advances in its IMF program.
Featured Insight
What Caused the Rise in Tax Revenue from 2021 to 2022?
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a substantial portion of this growth stems from increments in Value Added Tax (VAT), Personal Income Tax and Corporate Tax, which experienced respective increments of Rs 155 billion and Rs 212 billion. Improving fiscal consolidation will be of paramount importance as Sri Lanka advances in its IMF program.
Featured Insight
What Caused the Rise in Tax Revenue from 2021 to 2022?
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a substantial portion of this growth stems from increments in Value Added Tax (VAT), Personal Income Tax and Corporate Tax, which experienced respective increments of Rs 155 billion and Rs 212 billion. Improving fiscal consolidation will be of paramount importance as Sri Lanka advances in its IMF program.
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பணவீக்கத்தின் விலை: 2023 இல் 2015 இன் நுகர்வைத் தக்கவைத்தல்
2023 ஆம் ஆண்டிற்காக மதிப்பிடப்பட்ட பெயரளவிலான மொத்த உள்நாட்டு உற்பத்தியான ரூபா 30.3 ட்ரில்லியனை அடைவதற்கு 2015 ஆம் ஆண்டுக்குரிய ரூபா 11.6 ட்ரில்லியன் அளவிலிருந்து 160% அதிகரிப்பை இலங்கை அனுபவிக்க உள்ளது. எவ்வாறாயினும், 2023 இல் உண்மையான மொத்த உள்நாட்டு உற்பத்தியானது 2015 நிலைகளிலிருந்து ஒப்...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Economy Next
Sri Lanka state worker wage cost to rise 0.2-pct t...
Sri Lanka's public sector wage bill is set to increase to 3.8 percent of GDP in 2025 due to proposed salary increments while maintaining a primary surplus of 2.3 percent under the IMF program.
மேலும் வாசிக்க
Source:
Ceylon Today
Rs 100M for Muthurajawela Conservation
The Ministry of Environment has allocated Rs 100 million for 2022 to the conservation programme of the Muthurajawela wetland. The Muthurajawela wetland covers an area of 6,236 hectares, including 3,168 hectares up to the Negombo Lagoon and 3...
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Source:
Daily Mirror
Namal says project to establish 500 outdoor gyms o...
Amidst mounting criticism against the government for allocating a staggering Rs.625 million to establish 500 outdoor fitness centres amidst the rapid spread of the COVID-19 pandemic, Sports and Youth Affairs Minister Namal Rajapaksa yesterday said these monies could be...
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நுண்ணறிவு செலவினம்
Allocation of Government Expenditure fro...
On 10th March 2020, the government issued a circular allocating funds for the per...
Sri Lanka’s COVID-19 relief compared to...
In March, the Government of Sri Lanka announced a Rs.5,000 handout to vulnerable communities affe...
Open Budget Survey 2019
Government budget decisions – what...
Where do government salaries go?
The government spends 22% of its total expenditure on salaries for g...
What Happens When a Government Body Runs...
When a government body runs out of money,...
Budget Promises 2018: Are Ministries Com...
The RTI Act guarantees citizens the right...
Budget Promises 2018: Most Responsive In...
Are our ministries open about the progres...
Budget Promises 2018: Most Closed Instit...
Are our ministries open about the progres...
Budget Promises 2018: Openness of Promis...
By making it easier for people to find ou...
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Defence budget for uniforms and diets alone up by...
Based on the 2024 budget estimates, expenditure on uniforms and diets in the defence sector is projected to increase by a significant LKR 75 billion, a 258 percent rise compared to 2022.
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Purification Corrupted
Find out how a much-needed water purification project in Sri Lanka became riddled with corruption and abuse of power due to the lack of a national procurement law.For more...
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Maldives’ reserves continue to dip
The external reserves of the Maldives have been on a declining trend since June 2020. At that time, the gross reserves held by the Maldives Monetary Authority amounted to USD 702.5 million , sufficient to finance
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