Notable
What we are trying to do is resizing and bringing technology so that we could make things efficient
Customs revenue was mainly boosted by vehicle import tax
In 2025, 10 billion rupees had been paid
There was no number given in the budget on the payments to be made
The Nanu Oya to Badulla track, alone was estimated to cost around US$127mn to fix
The contract was awarded after calling competitive tenders
Unlike in past years the import tax was not reduced this year
MP allowed to take vehicle home after paying depreciated value
Current spending contained with interest rates also falling
Excise tax increase itself is moderate
Taxes on plastics also hiked
Taxing legal alcohol has been controversial, after steep hikes reportedly expanded the illegal manufacture
New concerns over a slowing economy – which can reduce tax revenues and boost borrowings are among drivers
The presentation of the Appropriation bill is considered the first reading of the budget
Income tax thresholds will also be raised from next year
Betting and Gaming Levy was 14,923 million in 2024 up from 7,422 million rupees, which is double
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Appropriation Bill sets out spending allocation for various ministries
A 2035, bond which the government can pay in rupees, was given a CCC+ local currency rating
Domestic borrowings fell to 786.3 billion rupees, down from 1,477.8 billion rupees
Newly issued exchange bonds rated at CCC+
This a tax credit that can be deducted when a tax return is filed
"With approximately 700,000 public sector pensioners, this system imposes a substantial financial strain on the governme
The agency started in December 02 and is expected to be fully operational by January 2026
Sri Lanka has normalised relations with a majority of creditors
115 state entities which cost 140 billion rupees a year to maintain
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