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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
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Revenue
Revenue
Insights and analysis of government revenue.
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 c...
From The PF Wire
Source:
Daily News
Revenue generated by divesting SOE’s could be plou...
Senior Economist Richard Miller of the World Bank emphasized the necessity for Sri Lanka to persist with its State-Owned Enterprise (SOE) reform program, dismissing the argument against divesting profitable SOEs. He highlighted that privatiz...
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Source:
EconomyNext
Sri Lanka imports up 23-pct in January as tourism...
Sri Lanka’s imports grew 23.1 percent from a year ago to 1,959 billion rupees in January 2022 data showed, with a higher volume of exports and tourism revenues giving more income for people to spend. Exports gr...
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Source:
Sunday Times
Stage set to launch Special GST
The Government is ready to introduce the Special Goods and Services Tax (SGST) in a major reform of the country’s taxation by enacting the new GST bill in parliament soon after its approval by the Cabinet of Ministers, a senior Treasur...
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Insight on Revenue
Revenue Foregone by Government Due to Ta...
For the fiscal year 2022/23 (April to Mar...
Primary and Budget Balances move in oppo...
The Fiscal Management Report 2024 publish...
VAT to drive revenue growth in 2024
Sri Lankan budgets have consistently over...
VAT to reach 20 year high from January
The Cabinet recently sanctioned an increa...
Tax revenue misses IMF target in 1st qua...
According to the 2022 Annual Report from...
Why did Sri Lanka fall short of revised...
Sri Lanka mis...
What Caused the Rise in Tax Revenue from...
In the Central Bank's Annual Report f...
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most So...
Government Revenue Loss due to the Sugar...
The Special Commodity Levy (SCL) on impor...
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Featured
Sri Lanka Has The Highest Inflation Amongst South...
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other...
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Backwards in blacklisting: Enabling corruption in...
Subhashini Abeysinghe is a Research Director at Verité Research and an economist specializing in international trade. Subhashini has worked for the Ceylon Chamber of Commerce (CCC) for nearly 10 year...
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Sharing the cost of the crisis: The need to restru...
This article was compiled by Professor Udara Peiris. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Fi...
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