Economics

CBSL Projects Near 4% Economic Growth for SL in 2024

  • August 1, 2024

Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central Bank Governor Dr. Nandalal Weerasinghe. Speaking at an event organized by CMA Sri Lanka last week, Weerasinghe highlighted that all leading indicators suggest sustained positive growth in the second quarter and throughout

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Economics

Sri Lanka Targets 40% Direct Tax Collection by 2025

  • July 19, 2024

Sri Lanka aims to increase direct tax collection to 40 percent by 2025 from the current 30 percent, through expanded tax nets and legal actions against tax evaders, according to State Finance Minister Ranjith Siyambalapitiya. Direct taxes, levied on individuals with higher incomes and significant asset ownership, are set to play a crucial role as

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