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Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
Featured Insight
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
Featured Insight
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
Featured Insight
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP.
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Sri Lanka's No. 1 export to the US faces a potential 20% hit under tariffs
On 2 April, US President Donald Trump imposed a 44 percent tariff on Sri Lankan exports to the United States. With apparel comprising 64 percent of these exports—valued at nearly USD 1.8 billion in 2023—Sri Lanka’s apparel...
From The PF Wire
Source:
Daily Mirror
November remittances at US$ 530mn taking total to...
Sri Lanka received US$ 530.1 million in remittances in November, totaling US$ 5.96 billion for the year so far, up 10.4% from 2023.
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Source:
Economy Next
Sri Lanka to defer imputed rental tax: report
Sri Lanka has deferred the controversial imputed housing tax, focusing instead on targeted subsidies for vulnerable groups to meet IMF revenue targets, while concerns persist over the country's reliance on revenue-b...
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Source:
Economy Next
Sri Lanka’s tax hike will help curb inflation, cut...
Sri Lanka’s tight fiscal policy with new tax hikes from December 1 will help the central bank to reduce inflation and interest rates faster than it has expected, the central bank governor Nandalal Weerasinghe said.
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Insight on Revenue
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
How did Sri Lanka Finance Government Expenditure i...
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakd...
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Total and primary deficits run in opposite directi...
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase a...
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Restructuring Domestic Debt Must be Credible, Fast...
This article was compiled by Professor Udara Peiris. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Fi...
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