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Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
Featured Insight
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just over 12% with GDP per capita being just under 16%.
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Expenditure
Expenditure
Insights and analysis of government expenditure.
New Year “Kevili” Table Costs 7 Percent More in 2025
The cost of preparing a traditional kevili table for the Sinhala and Tamil New Year has risen by 7 percent in 2025 compared to the previous year. It remains more than twice as expensive as in 2019.
From The PF Wire
Source:
EconomyNext
Sri Lanka inflation gallops to 18.7-pct in March 2...
Sri Lanka’s inflation galloped to 18.8 percent in March 2022 in the capital Colombo up from 15.1 percent in February as the central bank printed money to keep interest rates low and the currency collapsed in a failed f...
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Source:
Daily Mirror
Govt. prepares for austerity measures; no decision...
Although the government is yet to reach a definite decision whether to go to the International Monetary Fund (IMF) or not, it has begun preparations for austerity measures such as freezing new recruitments and restructuring welfare programme...
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Source:
Daily News
COVID expenditure made from Fuel Price Stabilizati...
There was no Fuel Price Stabilization Fund functional since the Cabinet of Ministers approved such a proposal in March 2020, Energy Minister Udaya Gammanpila said. He s...
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Insight on Expenditure
Budget Promises 2018: Forgotten Promises
What are the forgotten promises from Budg...
Progress of Budget Promises 2017 vs 2018
Is the government getting better at imple...
Budget Promises 2018: Progress of Promis...
Every year, the government makes promises...
The new Ministers of Finance: Will their...
The annual bu...
Education and Health in Budget 2016: Gra...
Governments make attractive promises when...
The Budget is not Mainly about Money, it...
Budgeting is a governance process that dr...
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Featured
IMF Article IV Report – Key Issues and Recommendat...
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on Febru...
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The Cost of Inflation: Sustaining 2015 Consumption...
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP h...
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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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