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Featured Insight
Government revenue set to rise by LKR 922 billion in 2025— What’s driving the increase?
VAT revenue is projected to rise by LKR 305 billion in 2025, driving one-third of the total increase in government revenue. It is the single largest revenue source, contributing 32 percent of the government’s total revenue. Of this, LKR 193 billion is expected from VAT on imports. Excise (Special Provisions) Duty is forecast to add LKR 215 billion, driven largely by motor vehicle duties, which alone are expected to contribute LKR 171 billion. Taxes on international trade and income tax are set to increase by LKR 174 billion and LKR 141 billion, respectively. Other taxes and levies will add LKR 51 billion, while non-tax revenue is expected to contribute LKR 37 billion.
Featured Insight
Government revenue set to rise by LKR 922 billion in 2025— What’s driving the increase?
VAT revenue is projected to rise by LKR 305 billion in 2025, driving one-third of the total increase in government revenue. It is the single largest revenue source, contributing 32 percent of the government’s total revenue. Of this, LKR 193 billion is expected from VAT on imports. Excise (Special Provisions) Duty is forecast to add LKR 215 billion, driven largely by motor vehicle duties, which alone are expected to contribute LKR 171 billion. Taxes on international trade and income tax are set to increase by LKR 174 billion and LKR 141 billion, respectively. Other taxes and levies will add LKR 51 billion, while non-tax revenue is expected to contribute LKR 37 billion.
Featured Insight
Government revenue set to rise by LKR 922 billion in 2025— What’s driving the increase?
VAT revenue is projected to rise by LKR 305 billion in 2025, driving one-third of the total increase in government revenue. It is the single largest revenue source, contributing 32 percent of the government’s total revenue. Of this, LKR 193 billion is expected from VAT on imports. Excise (Special Provisions) Duty is forecast to add LKR 215 billion, driven largely by motor vehicle duties, which alone are expected to contribute LKR 171 billion. Taxes on international trade and income tax are set to increase by LKR 174 billion and LKR 141 billion, respectively. Other taxes and levies will add LKR 51 billion, while non-tax revenue is expected to contribute LKR 37 billion.
Featured Insight
Government revenue set to rise by LKR 922 billion in 2025— What’s driving the increase?
VAT revenue is projected to rise by LKR 305 billion in 2025, driving one-third of the total increase in government revenue. It is the single largest revenue source, contributing 32 percent of the government’s total revenue. Of this, LKR 193 billion is expected from VAT on imports. Excise (Special Provisions) Duty is forecast to add LKR 215 billion, driven largely by motor vehicle duties, which alone are expected to contribute LKR 171 billion. Taxes on international trade and income tax are set to increase by LKR 174 billion and LKR 141 billion, respectively. Other taxes and levies will add LKR 51 billion, while non-tax revenue is expected to contribute LKR 37 billion.
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வரவு-செலவுத்திட்ட பற்றாக்குறைக்கு நிதியளித்தல் தொடர்பான பகுப்பாய்வுகளும் விரிவான பார்வைகளும்..
Quantifying grants received by Sri Lanka from 1973-2023
Since independence, Sri Lanka has been the recipient of bilateral and multilateral grants that have supported various initiatives, including knowledge transfers, health and education improvements, infrastructure development, and critical hum...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
The Morning
USD purchases improve liquidity
The Central Bank of Sri Lanka (CBSL) is enhancing rupee liquidity by purchasing excess dollars from the market. As of May 17, the total outstanding market liquidity was Rs. 132.8 billion,...
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Source:
Daily Mirror
entral Bank gives Rs.107bn in printed money to CPC...
After the Central Bank last week disclosed that it had received a request from the General Treasury to provide liquidity to the value of Rs.217 billion to finance fuel imports by Ceylon Petroleum Corporation (CPC), the data showed that the C...
மேலும் வாசிக்க
Source:
Island
IMF to begin talks with Lanka
President Gotabaya Rajapaksa said in anational address Wednesday said that hehad given the go ahead for an IMF programafter meeting senior staff of the lender inColombo.
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நுண்ணறிவு நிதியளிப்பு
2020 மற்றும் 2021ம் ஆண்டுகளில் கோவிட் -1...
பெப்ரவரி 2020 ம...
Fiscal Performance From January to April...
Latest figures...
இலங்கை மற்றும் பங்களாதேஷுக்கு இடையில் பே...
சமீபத்தில், பங்...
Sri Lanka’s Bilateral Swap Agreements
A foreign currency swap is an agreement t...
2020 Records the Highest Budget Deficit...
The budget balance for 2020 is -LKR 2,090 billion (-14.0% of GDP) while the budget balanc...
2020ல் இலங்கை யாரிடமிருந்து கடன் வாங்கிய...
2020ல் இலங்கை...
සහන විදේශ ණය - ඇත්තටම අපිට සහනයක් ද?
ශී්ර ලංකාවේ ව්යාපෘති බොහෝමයක්, ප්රධාන වශයෙන...
Government Budget Balances, 2000 to 2021
The bar chart illustrates the primary balance and overall balance as...
Financing Infrastructure: The (non) conc...
Recently Verite Research held a seminar on the potential (non) concess...
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நிதி இலக்குகள்: 2024 பட்ஜெட்
வரவு செலவுத் திட்டத்திலுள்ள கணிப்புகள் 2024 ஆம் ஆண்டில் மொத்த உள்நாட்டு உற்பத்தியில் 13.1% வருவாயாக இருக்கும் என்று எதிர்பார்க்கின்றன
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“Sugar Scam” is not the Whole Iceberg: “Forestalli...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
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2025 Vote on Account’s revenue gains may fall shor...
On 6 December, Parliament approved the 2025 Vote on Account, allocating funds for the first four months of the year. To understand what a Vote on Account entails, read our blog
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