Development and Economic News

  • Deficit in the overall budget widens to Rs.1,613.58bn in the nine months from Rs.1,244.41bn YoY
  • Tax revenue up over 50% to Rs.1934bn amid upward revisions to tax rates and introduction of new taxes
  • However, total expenditure up by 38.5% to Rs. 3,732.33bn with recurrent expenditure surging 44.7% to Rs.3,327.68bn
  • Primary balances records a surplus of Rs.123.7bn compared to a deficit of Rs.317.04bn

The first-ever MICE tourism road map, outlining a visionary three-year plan for 2024- 2026 was unveiled by the Sri Lanka Convention Bureau (SLCB) on 15 November.

SriLankan Airlines has introduced double daily flights between Colombo and Mumbai, multiplying the convenience for passengers travelling to and from India’s financial and entertainment capital, the Sri Lanka’s national carrier announced.

Sri Lanka expects 1.5mn tourist arrivals by end of 2023

Sri Lanka 13 post offices in Western Province to keep open 24hrs

IMF welcomes agreement reached between SL and OCC on Debt Treatment

NLB comes under fire over allegation of mishandling unclaimed prize money

Sri Lanka enters adventure tourism with first cable car operation

People’s Bank offers payment acceptance solution for Ministry of Justice

Sri Lanka implements visa-free scheme for seven countries to boost tourism

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