Oct 11, Colombo: Sri Lanka Department of Inland Revenue has reportedly increased its revenue target by 80.4 billion rupees for next year.

According to media reports, the estimated revenue target of 329.8 billion rupees set for year 2007 has already increased to receive 410.2 billion rupees this year.

Due to the stagnating economic condition prevailing in the country coupled with inflation and high spending on the war has forced the government to increase the estimated revenue targets for 2009.