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Monday November 9th, 2026
Fiscal

Sri Lanka cracks down on sin tax fraud

In 2023 the agency has been give a target to collect 217 billion rupees.

January 16, 2023 2 min read

Sri Lanka budget tax revenues up 36-pct to Oct, deficit down in real terms

Overall deficit down to 5.5-pct of projected revenues from 8.6-pct last year

January 16, 2023 2 min read

India foreign minister in Sri Lanka for debt talks

We discussed with China's EXIM Bank this week and by now we have commenced exchanging views on it

January 15, 2023 2 min read

IMF working with China on possible maturity extensions for Sri Lanka, others

China does not have the tradition of that coordination that exists in more mature lenders

January 14, 2023 4 min read

IMF urges Sri Lanka to have predictable tax system

Sri Lanka should complete the implementing value added tax and start work on a new income tax law to make the tax system...

September 26, 2016 2 min read

Sri Lanka confirms tax breaks for expanded China Port City

ECONOMYNEXT - Sri Lanka's has confirmed tax breaks for an expanded China Port City, originally promised by the ousted Ra...

September 25, 2016 2 min read

Petroleum minister battles Sri Lanka's secretly hatched prerogative tax

Sri Lanka's petroleum minister said talks have begun with the finance ministry to reduce a prerogative tax imposed by th...

September 20, 2016 3 min read

Sri Lanka charges steep tax on brown sugar

Sri Lanka has raised a tax on white sugar to 2.0 per kilogram, while brown sugar will be charged a tax of 15 rupees, the...

September 16, 2016 2 min read

Sri Lanka's DFCC bank opens solar-powered teller machine

Sri Lanka's DFCC Bank Plc, said it had opened a solar powered automated teller machine at an industrial estate.

September 15, 2016 1 min read

Sri Lanka to slap price controls after charging hefty VAT on hospital care

Sri Lanka will charge a 15 percent tax on patients treated at hospitals owned by members of the community and price cont...

September 14, 2016 1 min read

Sri Lanka to charge 15-pct VAT on air tickets, houses, healthcare, milk products

Sri Lanka will tax air tickets, housing, sweetened milk and healthcare at 15 percent under in value added increases appr...

September 14, 2016 1 min read

Sri Lanka targets 4.7 percent budget deficit for 2017: Fin Min

Sri Lanka is targeting a deficit of 4.7 percent of gross domestic product for 2017, Finance Minister Ravi Karunanayake h...

September 14, 2016 2 min read

Sri Lanka cabinet approves VAT hike; threshold up

Sri Lanka's cabinet of minister's has approved a hike to value added tax to 15 percent with a sharply higher threshold t...

September 13, 2016 2 min read

Sri Lanka's 2016 fiscal deficit goal challenging despite H1 success - economists

COLOMBO, Sept 13 (Reuters) - Sri Lanka fiscal deficit goal for 2016 would still be challenging despite a better-than-exp...

September 13, 2016 2 min read
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US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
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Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
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Source: Central Bank/Indicative
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Turnover Rs 1457.79 million 1193.67 million
Source: CSE
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6-m bill 7.91 8.26
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8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
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Source: Central Bank/Indicative

Sri Lanka budget deficit narrows in May 2016, revenues up 24-pct

Sri Lanka's budget deficit has narrowed 10 percent in absolute terms to Rs280.5 billion in the five months to May from R...

August 15, 2016 2 min read

Sri Lanka mulls another tobacco tax hike

Sri Lanka is considering another hike in the tobacco tax, and the proposal has been sent for finance ministry observatio...

August 11, 2016 1 min read

Sri Lanka to adopt Swiss Challenge process for unsolicited proposals

Sri Lanka will follow a 'Swiss Challenge' process to entertain unsolicited proposals made to the government on future pr...

August 10, 2016 1 min read

Sri Lanka court returns VAT 'bill' to House

ECONOMYNEXT - Sri Lanka's Supreme Court has refused to consider the VAT amendment bill because the finance minister had ...

August 9, 2016 1 min read

Ordinary villagers will not care if SriLankan Airlines is privatised: JVP chief

A Sri Lankan villager in a remote area will not care if loss-making SriLankan Airlines is privatised, but the government...

August 3, 2016 4 min read

Sri Lanka to set up Public Enterprise Board; new law next month

Sri Lanka is to introduce a law to state-owned enterprises and set up a Public Enterprise Board with top executives sour...

August 3, 2016 2 min read

Sri Lanka needs structural reforms for sustained growth: CB Governor

Sri Lanka needs structural reforms for sustained growth, and monetary policy has to play a stabilization role to allow p...

August 3, 2016 5 min read

Sri Lanka can collect Rs700bn more from customs duty: FinMin

ECONOMYNEXT - Sri Lanka can boost customs revenue by Rs700 billion to Rs1,500 billion a year by installing scanning mach...

August 2, 2016 1 min read

Sri Lanka needs fiscal discipline to come out of economic crisis: President

Sri Lanka has engaged in large scale mis-spending that has pushed up debt, and has to re-think subsidies, but cutting en...

August 2, 2016 2 min read

Sri Lanka budget deficit narrows up to May: CB official

Sri Lanka's budget deficit has narrowed to 2.7 percent of estimated gross domestic product for 2016, down from 2.7 perce...

August 1, 2016 1 min read