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Defence Sector Claims Nearly Half of State Salaries
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. As of 2023, the defence sector is estimated to claim nearly half (48%) of state salaries. Here is a breakdown of the estimated sector-wise allocation of state salaries for the year 2023.
Featured Insight
Defence Sector Claims Nearly Half of State Salaries
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. As of 2023, the defence sector is estimated to claim nearly half (48%) of state salaries. Here is a breakdown of the estimated sector-wise allocation of state salaries for the year 2023.
Featured Insight
Defence Sector Claims Nearly Half of State Salaries
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. As of 2023, the defence sector is estimated to claim nearly half (48%) of state salaries. Here is a breakdown of the estimated sector-wise allocation of state salaries for the year 2023.
Featured Insight
Defence Sector Claims Nearly Half of State Salaries
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. As of 2023, the defence sector is estimated to claim nearly half (48%) of state salaries. Here is a breakdown of the estimated sector-wise allocation of state salaries for the year 2023.
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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:
Daily Ft
Harsha proposes new PAYE tax scheme focused on pro...
SJB MP Dr. Harsha de Silva has proposed an alternative PAYE taxation system to address the emigration of professionals from the country. The proposal, developed after discussions with the Professionals Trade Union Alliance, aims to create a...
Read More
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....
Read More
Source:
Daily Mirror
January-July remittance income plummets 50%
July remittance income at US$ 279.5 mn. slightly up from June, but down from US$ 453.3 mn a year ago. Cumulative figure for the seven-month period down 50% YoY to US$ 1.8bn.
Read More
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Featured
Wanted: An Authentic Minister of Finance - Sri Lan...
This article was compiled by Professor Mick Moore. Professor Mick Moore is a political economist and Professorial Fellow at the Institute of Development St...
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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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The Maldives’ primary deficit still remains high
The Maldives’ primary deficit has increased since 2020, raising concerns about the country’s debt sustainability. This contrasts with Sri Lanka, where the primary deficit also increased but recovered, following its sus...
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