- Attracting Good FDI Starts with Designing Good Incentives Regimes
Solving SME Development Challenges:
Looking Beyond Easy Loan Schemes
Shift to Organic Agriculture Must be Staged and Strategic – Agri Expert
ECONOMICS x ENVIRONMENT:
Are Marine Conservation and Sri Lanka’s Maritime Hub Ambitions Compatible?
Sri Lanka Must Use GSP+ for
Smarter Positioning on Sustainability
July 27, 2021
Fiscal Constraints Amidst COVID-19:
Sri Lanka on Red Notice for Tax Reform
Sri Lanka's tax ratio hit an all time low in 2020, with revenue losses caused by the pandemic and steep tax cuts in 2019. The budget deficit reached double digits due to high pandemic related expenditure and fall in revenue. Attempting to revive growth through public investment will be constrained by low tax revenue, and progressive tax reforms are a must to avoid further macroeconomic stress.