Sri Lanka budget deficit down in 2023, tax revenue up 54-pct

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Sri Lanka budget deficit down in 2023, tax revenue up 54-pct

Sri Lanka tax collections higher than revised 2023 target, deficit lower ECONOMYNEXT – Sri Lanka’s tax collections in 2023 have totalled 2,750 billion rupees, up 55 from 2022 and higher than a revised out-turn presented at a November, official data show. Sri Lanka originally targeted 3,130 billion rupees of tax collections in 2023 or 10.3-pct of gross domestic product despite an economic contraction but with an inflated economy at hikes in rates…