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- onlanka.com - Category : Breaking News - Relavancy : 0.81543887

Sri Lanka's government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat.The post Sri Lanka’s 2024 budget sets ambitious revenue

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms.

- onlanka.com - Category : Breaking News - Relavancy : 0.38632134

The Executive Board has approved a proposal to be considered by the Board of Governors to conclude the 16th General Review of Quotas with a significant increase in quotas.The post IMF Executive Board approves a proposal to increase financial quotas appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- adaderana.lk - Category : Breaking News - Relavancy : 0.5758938

The Executive Board has approved a proposal to be considered by the Board of Governors to conclude the 16th General Review of Quotas with a significant increase in quotas.

- onlanka.com - Category : Breaking News - Relavancy : 0.17276815

Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.The post Sri Lanka balances polls and crisis recovery in 2024 budget deliberations appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- onlanka.com - Category : Breaking News - Relavancy : 0.17276815

Sri Lanka and Argentina remain very vulnerable amid a worsening in global financial conditions while China has suffered a sharp deterioration in financial resilience since pre-COVID times, a think-tank study found on Wednesday.The post Sri Lanka, Argentina top list of most vulnerable economies -study appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.23035753

Minister of Ports, Shipping and Aviation, Nimal Siripala de Silva recently received an assurance from Saudi Arabian Ambassador to Sri Lanka, Khalid Hamoud Nasser Alkahtani, that KSA would support ongoing economic recovery efforts. They met on Nov 6. During the meeting, the Saudi Arabian Ambassador expressed appreciation for the rapid progress achieved by Sri Lanka’s […]

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

Nepali economist and Member of Parliament Dr. Swarnim Waglé says the International Monetary Fund (IMF) gets blamed for the mess created by politicians when the government has to implement unpopular policies to comply with the conditions set by the global lender for the bailout package.

- colombogazette.com - Category : Breaking News - Relavancy : 0.115178764

By N Sathiya Moorthy In a television interview last month, Foreign Minister Ali Sabry reportedly said that the Government of President Ranil Wicrkemesinghe has taken ‘substantial steps to move away from a Welfare State’ in the last 18 months. And he said it not as if it was inevitable under the nation’s economic circumstances and […]

- island.lk - Category : Breaking News - Relavancy : 0.20156284

ECONOMYNEXT –Opposition and SJB leader Sajith Premadasa has accused the government of shrinking the economy through its proposal to increase value added tax (VAT) to 18 percent, claiming that it will reduce spending and investments. Speaking at an event on Friday November 03, Premadasa said Sri Lanka is experiencing a shortage in both dollars and […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08638407

[…]The post Doctors’ Brain Drain: Health Security Concern In Sri Lanka appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.10078142

[…]The post BRI Dynamics & Politics Of Cabinet Reshuffle appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.20156284

President Ranil Wickremesinghe, on Wednesday night, speaking at the National Industry Awards ceremony, acknowledged the challenging decision to increase the Value Added Tax (VAT) to 18 percent, emphasising the imperative need to maintain economic stability. National Industry Excellence Awards 2023 was held at the Nelum Pokuna Theatre in Colombo. President Wickremesinghe stressed the importance of ...

- colombogazette.com - Category : Breaking News - Relavancy : 0.08638407

Weeks of mounting political tension have erupted into protests and bloodshed in Bangladesh, leaving the country on edge ahead of general elections due in January. Several senior opposition leaders were arrested last Sunday, a day after a massive rally against the government turned violent, resulting in the deaths of at least two opposition supporters. The rejuvenated […]

- onlanka.com - Category : Breaking News - Relavancy : 0.20156284

Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- onlanka.com - Category : Breaking News - Relavancy : 0.2879469

Sri Lanka to increase Value-Added Tax (VAT) from 15 percent to 18 percent effective from January 01, 2024.The post Sri Lanka to increase VAT to 18% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

State Minister of Finance Shehan Semasinghe has assured that while the government will not take any decisions that would adversely affect the country s economy, the reforms currently being implemented, in compliance with the agreement under the International Monetary Fund (IMF), are ones

- island.lk - Category : Breaking News - Relavancy : 0.23035753

ECONOMYNEXT – Sri Lanka is in the process of creating a Revenue Authority and the 2024 budget is likely to announce it to monitor the three key state income collecting bodies due to their poor performance, sources who are aware of the new move said. A Parliament Sectoral Oversight Committee on National Economic and Physical […]

- island.lk - Category : Breaking News - Relavancy : 0.20156284

Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]

- onlanka.com - Category : Breaking News - Relavancy : 0.17276815

Sri Lanka Podujana Peramuna (SLPP) Parliamentarian Namal Rajapaksa has voiced his displeasure over the recent Cabinet reshuffle that took place, deeming it a mere ‘change of posts’, as opposed to an effective solution to the issues Sri Lanka is currently facing.The post Namal Rajapaksa slams Cabinet reshuffle, says President should understand coalition politics appeared first on ONLANKA - Sri Lank...

- colombogazette.com - Category : Breaking News - Relavancy : 0.81543887

The International Monetary Fund (IMF) says Sri Lanka is on the path to receive the second tranche of funding as the country looks to complete its economic reforms agenda on schedule. IMF Executive Director Dr. Krishnamurthy Subramanian said that the commitment will be a reason to assure

- island.lk - Category : Breaking News - Relavancy : 0.81543887

Sri Lanka should aim to get state revenues more than 12 percent of gross domestic product and avoid revenue shortfalls next year, International Monetary Fund Senior Mission Chief Peter Breuer said. Sri Lanka projected revenues (including non-tax) of 3,408 billion rupee (11.3 -pct of GDP

- island.lk - Category : Breaking News - Relavancy : 0.81543887

The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access

- island.lk - Category : Breaking News - Relavancy : 0.81543887

The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen

- colombogazette.com - Category : Breaking News - Relavancy : 0.07198673

Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]

- onlanka.com - Category : Breaking News - Relavancy : 0.81543887

The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri

- onlanka.com - Category : Breaking News - Relavancy : 0.81543887

Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

The Ceylon Chamber of Commerce has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF).

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785266

The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.

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