The Department of Excise has managed to make a staggering sum of Rs.93 million as revenue to the government from fines imposed on various offences and violations of the Excise Ordinance during the first five months of this year. ...

Latest talks with Sri Lanka has made significant progress towards developing a policy package to stabilize the country the International Monetary Fund said, but the country also has to move forward on debt restructuring to finalize a bailout...

The Cabinet green-light has been received to secure US$ 57 million grant from the United States Agency for International Development (USAID) to roll out a fresh programme to enable the country to overcome the on-going crisis focusing on prod...

The fiscal deficit for the first three months of 2022 expanded by 21.2% to Rs. 484.3 billion over the same period in 2021, signalling another year of a stretched budget.