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Sri Lanka Government revenue up 7% to Rs. 1.4 Trillion, up to September 2018

December, 18, 2018

Sri Lankan Government revenue and grants during the first nine months of this year ended September reached Rs 1,422.4 billion (Over Rs. 1.42 trillion), representing nearly 64% of the target for this year, the latest data shows. It is an increase of 7% compared to Rs 1,330.6 billion a year ago. The Government had received Rs 5.5 billion as grants during the first nine months of 2018, up 130% compared to Rs 2.4 billion received during the same period last year.

Meanwhile, tax revenue during the first nine months of this year amounted to Rs 1,278.2 billion, representing 63% of the target for this year, up 3% compared to Rs 1,240 billion last year, data released by the Central Bank of Sri Lanka highlights. On the other hand Non-tax revenue of the Government reached Rs 138.7 billion during the period under consideration, representing 75% of the target, up 57% compared to Rs. 88.2 billion a year ago.

 

- Reporting by Devendra Francis