INSUBCONTINENT EXCLUSIVE:
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to
(GDP) in 2023, with projections indicating an anticipated increase to 15% by the year 2026.In his remarks, State Minister for Finance,
Shehan Semasinghe, provided insights into the economic landscape, stating that the country is poised to achieve a 1.7% economic growth in
be approximately -3%, a marked improvement from the -11% recorded in 2022
The balance of the primary account, which was negative at Rs
895 billion in 2022, has now turned positive, standing at Rs
333 billion as of November 2023.Furthermore, State Minister Semasinghe informed that, with the receipt of the second tranche from the
million from the IMF, US dollars 220 million from the Asian Development Bank (ADB) and US dollars 250 million from the World Bank (WB).The
successful maintenance of inflation within single digits has been pivotal in fostering business confidence, especially considering the
This would represent a state income of 11.2% compared to GDP
Ambitiously, there are plans to propel this figure to a 15% growth by 2026.The country has witnessed a noteworthy upturn in the number of
tax files, reflecting a positive trend in tax compliance
677,613 in 2020 and further to 507,085 in 2021
Demonstrating a commendable success in policy implementation, the number of tax files rebounded from 437,547 in 2022 to a significant
milestone of one million.Upon assuming office, the current government inherited unpaid bills exceeding Rs
government achieved the noteworthy milestone of settling bills for all approved projects by December 15, 2023
Going forward, a principled commitment has been established to ensure that payments are not delayed by more than one month, starting from
to extend these benefits to a total of 02 million people
Rigorous efforts are underway to identify eligible recipients and rectify any shortcomings observed in the benefits distribution process
