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The Financial Regulations of the Government of Sri Lanka ( Ceylon Government Financial Regulations) is a subject that has been assigned to the Minister of Finance by the President exercising the powers vested in him under Article 44(1) a of the Constitution of the Democratic Socialist Republic of Sri Lanka. 02.
Subjects and Functions. 1. Providing policy guidance to relevant State Ministries, and formulating policies in relation to the subject of Finance, in conformity with the prescribed Laws, Acts and Ordinances, implementation of projects under the National Budget, State Investment and National Development Programme, and formulating, implementing ...
Public Finance Department. Ensuring compliance with the regulatory aspects of public finance, procurement and asset management and accountability in the conduct of public finance. Legal Affairs Department. Ensuring legal compliance relating to the Budget making process and assisting in the preparation of legislation and regulations to give ...
om 15%, with effect from January 2022. In May 2022, the Cabinet of Ministers granted approval for the implementation of several tax reforms to improv. revenue collection of the Government. Consequently, the VAT rate was increased to 12% from 8%, while Telecommunication Levy was increased to 15% from.
Fertiliser Subsidy 0.8%. her 9.1%Source: Ministry of Financecent of GDP) in 2021 compared to Rs. 3,041.0 billion (20. 2 per cent of GDP) recorded in 2020. In 2021, total expenditure and net lending accounted for 99.9 per cent of the annual estimate for 2021 and 105.9 per cent of.
crease in the central government debt. The fiscal policy support to attenuate the impact of the pandemic on individuals and the economy. dded pressures onto fiscal operations. Government revenue recorded a nominal increase during January-July 2021, y-o-y, supported by increased activity, compared to relatively large economic disruptions during ...
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Jun 10, 2019 · From monetary targeting to flexible inflation targeting With the abandonment of the fixed exchange rate regime that was followed by Sri Lanka until 1977, interest rates and monetary aggregates, which had played a secondary role in Sri Lanka’s monetary policy framework until then, assumed a greater role. In early 1980s, Sri Lanka introduced a monetary aggregate targeting framework of monetary ...
