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Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
Featured Insight
Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
Featured Insight
Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
Featured Insight
Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
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Revenue
Revenue
Insights and analysis of government revenue.
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
From The PF Wire
Source:
Daily Mirror
Expressway revenue declines due to fuel scarcity
The daily revenue for the expressway has declined by an amount of Rs. 15 - 16 million due to the current fuel shortage.
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Source:
Sunday Times
Unions warn of Rs. 300b loss if tax amnesty is not...
Inland Revenue Department (IRD) officials have called on Finance Minister Basil Rajapaksa to reduce the period for the proposed tax amnesty for undisclosed income, warning that the government could lose a revenue of up to Rs 300 billion.
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Source:
DailyFT
Don’t allow Port City to undermine national sovere...
The national sovereignty of Sri Lanka is becoming increasingly severely compromised by the poverty of its Government; the proposed tax exemptions for Port City will make it even poorer.
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Insight on Revenue
How does Sri Lanka’s Corporate Taxes Com...
A recent proposal initiated by the G7 to introduce a global mi...
Port City Commission Bill Offers Wider E...
The draft version of the Colombo Port Cit...
Decline in government revenue for 2020
According to the Central Bank Annual Report for 2020, government reven...
Taxes on Motor Vehicle Imports
Last year the government placed import restrictions on motor vehicles. How did this aff...
Deviation of Actual vs. Estimated Revenu...
The Fiscal Management Report released recently shows that Tax Revenue between Jan – Aug 202...
Summary of Fiscal Indicators, 1950 to 20...
The following chart displays the government revenue and expenditure...
Government Revenue in 2020 – Not Suffici...
According to the Ministry of Finance, government revenue is expected t...
Tax Impacts of Import Restrictions
Between Apr...
2020 Mid-year Fiscal Performance
Latest figures released by the Central Bank of Sri Lanka show that rev...
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Featured
The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public pro...
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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 Mon...
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Fiscal Targets: Budget 2024
Projections in the budget expect revenue to be 13.1% of GDP in 2024.
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