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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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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:
Economy Next
Sri Lanka legal alcohol sales down 19-pct in 2023
In 2023, legal alcohol sales in Sri Lanka saw a 19 percent decline due to an economic crisis and tax hikes, with alcohol production decreasing from 43.3 million liters in 2022 to 35.1 million liters, marking an 8.2 percent de...
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Source:
The Morning
SL tourism revenue reaches $ 1.8 Bn
The revenue earned from tourism increased to $ 205.3 million in November 2023 which is over twice the revenue in November 2022, according to the latest data. Minister o...
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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
Income Tax Calculator
Try out our new income tax calculator and...
Will the Increase in Cigarette Taxes Mee...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows:
Gazetted Taxes are 4.3ppt to 15.4ppt of...
The infographics provide details on how the recent personal income t...
Cigarette Taxation Formula – The Cost of...
In 2019 the government introduced a policy where taxes and prices on...
Sri Lanka's Government Revenue in 2021 C...
Government revenue in 2021 was only 41% of its expenditure, which wa...
Changes in Tax Structure Leads to Shrink...
Sri Lanka experienced a significant change in its tax system for the...
Tax on Sanitary Napkins
On the
Government Revenue and Grants Over The P...
Revenue and Grants declined by LKR 91 BN from 2020 to 2021.
Sri Lanka’s Revenue to GDP Ratio Reaches...
Data on Sri Lanka’s revenue to GDP ratio is available from 195...
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Featured
Defence Sector Claims Nearly Half of State Salarie...
According to the 2023 Budget Estimates, 15% of total recurrent expenditure of the government will be spent on salaries for government employees for the year 2023.
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Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024 Budget.
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Economic Policies in an Election Year: Suggested P...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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