Lankapage Logo CP 17 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Government revenue increases by 23 percent this year - Finance Ministry
Sun, Dec 18, 2016, 10:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 18, Colombo: The Ministry of Finance says state revenue has increased by 23 percent during the first 9 months of this year compared with the same period in 2015.

The Finance Ministry said in a statement that the state income in the first nine months of 2016 rose to Rs. 1.18 trillion from the Rs. 959 billion earned during the same period in 2015.

Finance Minister Ravi Karunanayake attributed the rise in income to increased efficiency in revenue collectors such as Sri Lanka Customs, the Inland Revenue Department and the Excise Department.

According to the statement a large percentage of state revenues is from the income taxes.

The statement also said the budget deficit has met expected targets and is at 5.4 per cent of the GDP during the period.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Human Rights Commission organizes film festival to mark International Day in Support of Victims of Torture
-- [1 hour and 16 minutes ago]
BOI enterprise Jiffy Products Sri Lanka (Pvt) Ltd celebrates 15 years of operations
-- [1 hour and 46 minutes ago]
Sri Lanka court orders arrest of villagers who killed leopard
-- [2 hours ago]
Norwegian research vessel arrives in Sri Lanka for a marine resources research
-- [2 hours ago]
Sri Lanka Prime Minister pledges to strengthen local businesses
-- [3 hours ago]
'Enterprise Sri Lanka' program to boost domestic private investment launched
-- [4 hours ago]
Sysco LABS second Engineering Nexus meetup on 4 July
-- [5 hours ago]
UK says dispute with Sri Lankan glove maker should be resolved by the company and local authorities
-- [5 hours ago]
Police officer killed in jewellery store heist, mastermind of robbery arrested
-- [6 hours ago]
Sri Lanka court grants bail to extremist Buddhist monk convicted of threatening missing journalist's wife
-- [6 hours ago]

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.