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Thursday September 29th, 2022
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Sri Lanka is still facing serious shortages of medicine due to the ongoing crisis
75 percent of a bottle of alcohol is taxes
We have to collect taxes while the economy is contracting
Sri Lanka central government rupee debt falls to US$32.4bn equivalent from US$50.5 billion
Gross Financing Need projected to be over 30-pct of GDP without re-structuring
In other countries of the world, when the war is over they voluntarily leave
342 companies paid 82-pct of taxes
This bill was passed by majority vote in Parliament on September 08
Earns 60-pct of revenues up to August
The first round of discussions were held on September 16
Nominal GDP rise to Rs10.7 trillion in 1H 2022 from Rs8.6 trillion last year.
JICA to provide 200MT of seed
| Latest | Last | |
|---|---|---|
| US Dollar | 369.9235 | 369.9235 |
| UK Pound | 417.3920 | 417.3688 |
| Euro | 365.4949 | 365.1473 |
| Aus Dollar | 247.2916 | 245.9917 |
| Yen | 2.6166 | 2.5700 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4750 | 4.5225 |
| Korea Won | 0.2575 | 0.2576 |
| Oman Rial | 942.5852 | 942.5852 |
| Saudi Riyal | 96.4518 | 96.4518 |
| UAE Dirham | 98.7994 | 98.7994 |
| pts | % | |
|---|---|---|
| S&P SL20 | 3,203.01 | -0.87% |
| CSE All Share | 9,964.80 | -0.36% |
| Turnover Rs million | 3,017,534,901 | 4,958,500,230 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 30.31 | 30.81 |
| 6-m bill | 28.51 | 28.66 |
| 12-m bill | 28.26 | 28.78 |
| 5-yr bond | 25.30 | 25.04 |
| 8-yr bond | 26.01 | 25.76 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Re-allocated from urban development and landslides
Japan, China and India are the main creditors
Changing habits that gave rise to the accumulation of that debt in the first place important
Goes against stated tax policy of Wickremesinghe administration
"So when added to VAT it will become 20 or 22 percent."
That means authorities we should not talk about debt restructuring parameters
Imports fall as financial account inflows dry up
To look at project management units
Basically there is a limit to what can be shared with the public or parliament
Please table it in the parliament
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