Sri Lanka’s 2025 budget demonstrates the government’s commitment to its IMF programme, in particular with the primary surplus target and introduction of additional sources of revenue to make up for shortfalls due to tax policy adjustments, Moody’s Rating said in a statement on Tuesday.
“However, the budgeted expenditure is higher than we have previously forecast – albeit due to higher interest payments – and will likely result in a wider fiscal deficit for 2025 and slower path of fiscal consolidation than our previous estimates. The budget underscores the challenge that Sri Lanka’s fiscal authorities will continue to face because of its still weak debt affordability, still narrow revenue base, and underlying social constraints," said Christian Fang, Vice President - Senior Analyst, Moody's Ratings.
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Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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