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The Cost of Inflation: Sustaining 2015 Consumption in 2023
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 highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
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 highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
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 highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
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 highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
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Circular Letter in reference to the Public Finance Circular No. 08/2019 (i) dated 19.04.2023 - Public Finance Department (Circular No. PFD/PMD/eGP/2023/circulars) (06/10/2023)
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements.
Download as PDF
Establishment of the National Procurement Commission- Public Finance Department (Circular No. NPC-01/2023)(06/07/2023)
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements.
Download as PDF
Amendment to Part II of Government Tender Procedure on Private Sector Infrastructure Projects Related to Public Private Partnership (PPP) basis - Public Finance Department (Circular No. Letter-PFD/PMD/PPP/2022/1)(24/05/2023)
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements.
Download as PDF
Revision of assessment fees currently charged by the assessment department - Public Finance Department (Circular No. 03/2023)(19/05/2023)
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements.
Download as PDF
Implementation of the recommendations of the Committee Report on Review of Common Forms to be printed by the Government Printer - Public Finance Department (Circular No. 02/2023)(19/05/2023)
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements.
Download as PDF
Issuance of a circular consolidating Public Finance Circulars and Treasury Operations Circulars issued amending the provisions of the Financial Regulations 1992 for easy reference
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements
Download as PDF
"Issuance of Public Finance and Treasury Operations Circulars to amend the provisions of the Monetary Regulations of 1992 "
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements
Download as PDF
Scheme of Awarding Direct Contracts to Community Based Organizations
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements
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Forms and guidelines to be published on the website of the Department of Public Finance in relation to Public Finance Circulars 01/2020 and 02/2020 dated 28.08.2020
A circular distributed by the Public Finance Department to relevant persons/institutions. Examples of areas covered include introduction of new/amendments to procedures and regulations to public finance which includes procurements
Download as PDF