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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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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
2024-04-05
The Morning
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IMF says “strong expectation” on Sri Lanka deal with private creditors
Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...
2024-04-05
Economy Next
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Sri Lanka anticipates third IMF EFF installment by June: official
Sri Lanka is on track to receive the third tranche of the IMF's extended fund facility by June, contingent upon securing consensus from creditors on debt restructuring, as stated by State Minister of Finance Shehan Semas...
2024-04-05
Economy Next
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ADB Sri Lanka Country Partnership Strategy 2024-2028 launched
The Asian Development Bank (ADB) has launched its Sri Lanka Country Partnership Strategy (CPS) 2024-2028, aimed at elevating Sri Lanka's competitiveness. The strategy, led by Takafumi Kadono, the ADB Country Director for Sri Lanka, empha...
2024-04-04
Daily News
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