News
Revenue collection exceeds target for first quarter by more than Rs. 45 billion
The government’s revenue had exceeded the target for the first quarter of 2024 had by 6 percent, State Minister of Finance Ranjith Siyambalapitiya said on Monday.
The State Mionister said the government expcted a revenue collection of Rs 4,106 billion in 2024 and wanted the state revenue to be at least 14 percent of the GDP. He said he believed the revenue target for the year was attainable.
The State collects revenue through three institutions, Sri Lanka Customs, the Excise Department, and the Inland Revenue Department.
The government had collected Rs 834 billion in the first quarter, far above the expected revenue target of 787 billion rupees for the period, he said.
Under International Monetary Fund-backed reforms, Sri Lanka has raised its value-added tax, imposed new taxes, and increased personal income taxes to boost revenue.
The Cabinet of Ministers approved the resolution furnished bys the Minister of Public Security and Parliamentary Affairs to extend Visas of those unable to leave Sri Lanka due to the
cancellation of flights to the Middle East from 28.02.2026 for another 14 days without any payments and re-extend the extended Visas for another 14 days without payments if the flights cancellations continue.
Taking into consideration the resolution furnished by the Minister of Public Administration, Provincial Council, and Local Government, the Cabinet of Ministers has decided to appoint Sunil Galagama, a Special Grade Officer of the Sri Lanka Administrative Service, who is currently serving as an Additional Secretary in the Ministry of Health and Mass Media, as the District Secretary to Badulla Administrative District with immediate effect.
The Cabinet of Ministers, taking into consideration the resolution furnished by the Minister of Public Administration, Provincial Council, and Local Government, have decided to appoint Anupama Mangala Wickramaarachchi, a special grade officer of the Sri Lanka Administrative Service, who is serving as the Additional Commissioner General of Agrarian Development of the Department of the Agrarian Development at present, as the District Secretary , Ampara Administrative district with immediate effect.
Cabinet approves 14 day Visa extension
Sunil Galagama appointed as District Secretary Badulla
Anupama Mangala Wickramaarachchi appointed District Secretary Ampara
Committee on Economic Surveillance to be established
Cabinet nod to include the National Savings Bank for the Interest-Free Loan Scheme for Students
Nepal election 2026: Counting continues with rapper Balendra Shah’s party close to super-majority
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