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ගවේෂණය කරන්න
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
විදසුන්
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government reported forgone reporting as LKR 966 billion in revenue. This tax expenditure figure amounts to around 3% of GDP and 21% of projected tax revenues in 2025. The fiscal implication of this is considerable, with the potential to reduce the budget deficit by nearly half—from LKR 2,200 billion to LKR 1,234 billion.
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මාතෘකා
ආදායම
Excise Duty on Liquor, Wine, Beer and Fags up...
Excise Duty on Liquor, Wine, Beer and Fags up by 20%
Daily Mirror
2023-01-11
සබැඳි පුවත් සහ විශ්ලේෂණ
July 2025 Fuel Price Update: Petrol aligns with fu...
Fuel prices increased in July 2025, following two months of unchanged rates. The market price of Octane 92 petrol rose to LKR 305. Auto Diesel reached LKR 289, the highest level recorded since September 2024. In line with retail price moveme...
වැඩිදුර විස්තර
Sri Lanka in South Asia: 2nd in GDP, 5th in govern...
Sri Lanka lifted its government revenue to 13.5 per cent of GDP in 2024, the highest level in more than a decade. Yet, it still trails most South Asian neighbours in terms of government revenue.
වැඩිදුර විස්තර
Rising interest payments crowd out capital spendin...
Sri Lanka’s government expenditure patterns have changed significantly since the recent economic crisis. While overall government spending has remained relatively steady—rising slightly from 20% of GDP in 2021 to 20.5% in 2024&md...
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සියලු මාතෘකා
