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Earnings from Tourism: Are we getting it right?
(2022-03)
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism. ...
Summary of the Budget 2023
(Colombo: Verite Research, 2022-11-15)
Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit.
Highlights from the Appropriation Bill for 2023
(Colombo: Verite Research, 2022-11-02)
The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November.
The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2023, while ...
Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959
(2022-06)
Data on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards.
The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half ...