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Will the budget's veil of secrecy be lifted in 2024?
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.
Featured Insight
Will the budget's veil of secrecy be lifted in 2024?
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.
Featured Insight
Will the budget's veil of secrecy be lifted in 2024?
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.
Featured Insight
Will the budget's veil of secrecy be lifted in 2024?
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.
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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:
The Morning
SL to implement imputed rental income tax in 2025
Sri Lanka will implement an Imputed Rental Income Tax in Q2 2025, targeting owners of multiple unoccupied homes to increase state revenue by 0.2% of GDP in 2025 and 0.4% in 2026.
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Source:
The Morning
52 key SOEs made Rs. 340 b profit in 2023
These SOEs collectively shifted from a loss of Rs. 740 billion in 2022 to a profit of Rs. 340 billion in 2023 after implementing reforms. The introduction of Aswesuma was noted to alleviat...
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Source:
The Sunday Times
More tax hikes in upcoming Budget
The Government will have to further increase taxes in the upcoming 2023 Budget to meet the cost of major welfare and relief programmes, totalling more than Rs 800 million already implemented this year, a senior Treasury official said....
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Insight on Revenue
Tax Revenue Categories
How could COVID-19 affect government reve...
Overestimations in Revenue Expectations
Governments have consistently overestimated revenue and thes...
Cigarette Tax Indexation: Getting it Rig...
The indexation method introduced in 2019...
Tobacco Policy: Mitigating the Influence...
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
Sri Lanka's Fiscal for Targets for 2023
Sri Lanka Budget 2023: Government revenue is expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023.
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What Caused the Rise in Tax Revenue from 2021 to 2...
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...
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Electricity Bills in Sri Lanka: Highest in South A...
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in Febru...
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