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Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
Featured Insight
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections.
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Revenue
Revenue
Insights and analysis of government revenue.
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....
From The PF Wire
Source:
Daily Mirror
Tourism generates US$ 282mn in August
Sri Lanka's tourism earnings rose to US$ 282.1 million in August, with increased visitor arrivals and the implementation of a new visa-free travel policy for 38 countries to boost tourism further, aiming for US$ 3.5 bil...
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Source:
Economy Next
Sri Lanka exceeds tax revenue target by 6% in firs...
Sri Lanka's revenue collection agencies have exceeded expectations in the first quarter of 2024, surpassing the tax revenue target by 6%. State Revenue Minister Ranjith Siyambalapitiya hailed this achievement as a positive turnaround aft...
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Source:
economynext
Sri Lanka starts process to turn undisclosed asset...
The move is to encourage people with undisclosed income and assets to invest them after paying a 1 percent ‘tax on voluntary disclosure.’
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Insight on Revenue
The Hidden Side of Cigarette Pricing
The media in Sri Lanka has often misrepre...
Who is responsible for Alternative facts...
The term ‘Alternative Facts’...
Fixing Sri Lanka's Revenue Problem is a...
Taxes are the key source of government revenue. Normally, the tax shar...
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Featured
Schrodinger’s Banks: The Immediate Need for Polici...
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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State of the Budget Report Estimates 14% Shortfall...
Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’.
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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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