සිංහල தமிழ் English

The IMF tracker is an online tool that tracks the progress on government commitments in Sri Lanka's 2023 IMF Programme. The tracker will be updated on a monthly basis. Assessment as at 12th December 2023.

Progress:

11%
12%
64%
13%

Proposed Commitments on Expenditure Arrears

Proposed Commitments on External Payment Arrears

Proposed Commitments on Corporate Income Tax

Proposed Commitments on Credit to Government

Proposed Commitments on Debt Sustainability

Proposed Commitments on Excises Customs Duties

Proposed Commitments on Financial Sector

Proposed Commitments on Fiscal Reforms

Proposed Commitments on Fuel and Electricity - these refer to the obligations of Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) to supply fuel and electricity at prices below cost-recovery levels.

Proposed Commitments on Governance

Proposed Commitments on Import Restrictions

Proposed Commitments on Inflation

Proposed Commitments on Monetary Rate Policies

Proposed Commitments on Net official International Reserves

Proposed Commitments on Other Taxes

Proposed Commitments on Personal Income Taxation on Capital Income

Proposed Commitments on Personal Income Taxation on Labour Income

Proposed Commitments on Primary Balance - Primary balance refers to the difference between a government's total revenues and its total non-interest expenses

Commitments that had to be met before the IMF board approval

Proposed Commitments on Property and Wealth Taxes

Proposed Commitments on Social Net Reforms

Proposed Commitments on Social spending on, (1) Samurdhi cash transfers; (2) assistance to the elderly (over 70 years of age); (3) allowance for disabled people; and (4) financial support for kidney patients.

Proposed Commitments on State Owned Enterprice Reforms

Proposed Commitments on Tax Revenue

Proposed Commitments on Treasury guarantees - A guarantee of a debt refers to any explicit legal obligation of the central government to service such a debt in the event of nonpayment by the recipient. Treasury guarantees exclude letters of comfort.

Proposed Commitments on Value Added Tax

  • Cabinet approval on Banking Act

    Cabinet approval of a full revision of the Banking Act in consultation with IMF staff.



    A bill was published with cabinet approval on the 6th of February and currently awaiting parliamentary approval
    Source: http://www.documents.gov.lk/files/bill/2024/2/452-2024_E.pdf

    more
    Met

    01-Jun-23

  • Enact new anti-corruption legislation

    Enact new anti-corruption legislation to harmonize it with the United Nations Convention Against Corruption, pending comprehensive asset recovery provisions, in consultation with IMF staff.

    more
    Met

    01-Jun-23

  • Establish electricity prices that ensure atleast full cost recovery - Quarterly

    Maintain cost-recovery level of the end-user electricity tariff schedule (overall across different types of final consumers) with quarterly formulabased adjustments, on a forward-looking basis in January, April, July and October each year (effective from January 1, April 1, July 1, and October 1 respectively); the CEB submits tariff revision requests to the Public Utility Commission of Sri Lanka by end-October (for January tariff revisions), end-January (for April tariff revisions), end-April (for July tariff revisions) and end-July (for October tariff revisions); compensate the electricity sector for providing any residual subsidies with onbudget transfers; and use tariff surcharges in the interim, in case CEB is making losses.

    more
    Met

    01-Dec-23

  • Establish fuel prices that ensure atleast full cost recovery

    Set retail fuel prices to their cost-recovery levels with monthly formula-based adjustments, and compensate the CPC for providing any fuel subsidies with on- budget transfers.

    more
    Met

    01-Dec-23

  • Parliamentary approval on 2024 appropriation bill

    Parliamentary approval of the 2024 Appropriation Act and the spending allocations in line with program parameters.

    more
    Met

    01-Dec-23

  • CCPI inflation between 8% and 2% by Dec 2023

    Year-on-year inflation in Colombo Consumers Price Index between 8 and 2 percent by Dec 2023.

    more
    Met

    01-Dec-23

  • Cabinet approval of quarterly revisions of electricity tariffs, starting in 2024

    Cabinet approval of quarterly revisions of electricity tariffs, starting in 2024.



    Source: Table 2. Sri Lanka: Structural Benchmarks - IMF Staff Report on the first review - Dec 2023
    https://www.imf.org/en/Publications/CR/Issues/2023/12/12/Sri-Lanka-First-Review-Under-the-Extended-Arrangement-Under-the-Extended-Fund-Facility-542441

    more
    Met

    01-Dec-23

  • Cabinet approval of the package of revenue measures

    Cabinet approval of the package of revenue measures.



    Source: Table 2. Sri Lanka: Structural Benchmarks - IMF Staff Report on the first review - Dec 2023
    https://www.imf.org/en/Publications/CR/Issues/2023/12/12/Sri-Lanka-First-Review-Under-the-Extended-Arrangement-Under-the-Extended-Fund-Facility-542441

    more
    Met

    01-Dec-23

  • Publish a gazette on rules for appointing the CIABOC Commissioners

    In line with requirements under the 21st Amendment to the Constitution, the Constitutional Council will develop rules for appointing CIABOC Commissioners that will establish an open and transparent process to ensure selected candidates meet the highest levels of professionalism, ethical conduct, and integrity. These rules will be published in the Gazette by end-December.

    more
    Met

    01-Dec-23

  • Settle mutual debt amongst CEB, SLA and CPC in a budget-neutral way

    Settle mutual debts in a budget-neutral way (with additional equity injections into CEB and SLA almost exactly cancelling the CPC debt to the Treasury already reported in the fiscal accounts) by end-December 2023.

    more
    Met

    01-Dec-23

  • Refrain from approving tax consessions and strategic development projects

    No longer approve new projects under the SDP Act as of December 2023.

    more
    Met

    01-Dec-23

  • Abolish major exemptions in VAT

    Revamp the VAT system by abolishing the vast majority of exemptions.

    more
    Met

    01-Jan-24

  • Ensure that the annual reports for 2022 of all 52 major SOEs are published

    Ensure that the remaining 19 major State-Owned Enterprises (SOEs) will publish audited financial statements for 2021 and that audited financial statements for 2022 will also be published.

    more
    Not Met

    01-Jun-23

  • Transfer residual loans of Sri Lankan airlines to government balance sheet

    After the envisaged restructuring, any residual government-guaranteed foreign exchange (FX) loans from Sri Lankan Airlines' balance sheet would be transferred to the government's balance sheet.

    more
    Not Met

    01-Jun-23

  • Publish semi-annually public procurement contracts and estimation of tax exemptions

    Publish on a semi-annual basis on a designated website (i) all public procurement contracts above Rs. 1 billion, along with comprehensive information in a searchable format on contract award winners; (ii) a list of all firms receiving tax exemptions through the Board of Investment and the SDP, and an estimation of the value of the tax exemption; and (iii) a list of firms receiving tax exemptions on luxury vehicle import.



    This commitment is considered unmet, as estimations for tax exemptions are provided only for corporate tax for the year 2022/23, while tax exemptions exist for various other taxes, such as VAT and excise. Furthermore, the estimation is only made for 2022/23, even though these tax exemptions continue beyond this time horizon.

    Sources: https://www.treasury.gov.lk/api/file/c2eb5770-e8fe-4d5c-8e12-1242be27bd9a
    https://www.treasury.gov.lk/api/file/8cebada0-8c18-4c77-b2b9-7a3617a6e456
    https://www.treasury.gov.lk/api/file/f2d9b05e-bc9d-4c24-a234-2e631dfc5169
    https://promise.lk

    more
    Not Met

    01-Dec-23

  • Obtain Cabinet approval of a strategy to build a VAT refund system and achieve a full repeal of SVAT, with timeline and intermediate steps.

    Obtain Cabinet approval of a strategy to build a VAT refund system and achieve a full repeal of SVAT, with timeline and intermediate steps.

    more
    Not Met

    01-Dec-23

  • Ensure that the transition to Aswesuma is complete by end December 2023

    Ensure that the transition to Aswesuma is complete by end December 2023.



    A circular has been issued confirming the continuation of samurdhi
    Source: https://samurdhi.gov.lk/web/images/cercular/2024/letter%20head%20-%2001.11.pdf

    more
    Not Met

    01-Dec-23

  • Publish audited financial statements of all but five SOEs

    We anticipate that audited statements of all but five small SOEs would be available by end-December 2023.



    Eight out of the key 52 SOEs don’t have audited financial statements
    Source: https://www.treasury.gov.lk/web/annual-reports-financial-statements-of-key-soes

    more
    Not Met

    01-Dec-23

  • Publish quarterly debt bulletins

    Publish quarterly debt bulletins.

    more
    Not Met

    01-Dec-23

  • Publishing implementation plans for the Anti-Corruption Act

    Publishing implementation plans for the AC Act by December 2023.

    more
    Not Met

    01-Dec-23

  • Obtain Cabinet approval of a reduction in the limit on government guarantees to 7.5 percent of GDP

    Obtain Cabinet approval of a reduction in the limit on government guarantees to 7.5 percent of GDP.

    more
    Not Met

    01-Dec-23

  • Parliamentary approval on Banking Act

    Parliamentary approval for the amendments to the Banking Act consistent with IMF recommendations in MEFP.



    A bill was published with cabinet approval on the 6th of February and currently awaiting parliamentary approval
    Source: http://www.documents.gov.lk/files/bill/2024/2/452-2024_E.pdf

    more
    Not Met

    01-Jan-24

  • Publish direct costs of tax incentives granted via the SDP and BOI act

    Start estimating and publishing the direct costs imposed by tax incentives granted under the Strategic Development Projects and Board of Investment Acts.

    more
    Not Met

    01-Jan-24

  • Introduce automatic indexation of excises to inflation

    Introduce automatic indexation of excises to inflation.

    more
    Not Met

    01-Jan-24

  • Ensure that starting from January 2024, cash transfers under Samurdhi will cease

    Ensure that starting from January 2024, cash transfers under Samurdhi will cease.



    A circular has been issued confirming the continuation of samurdhi.
    Source: https://samurdhi.gov.lk/web/images/cercular/2024/letter%20head%20-%2001.11.pdf

    more
    Not Met

    01-Jan-24

  • Make legislative change to set up a debt management agency

    Complete necessary legislative requirements to establish a public debt management agency (PDMA) in line with international best practices.

    more
    Pending

    01-Feb-24

  • Develop and adopt a credible strategy, with assistance from the International Finance Corporation (IFC), for the divestment of SLA

    Develop and adopt a credible strategy, with assistance from the International Finance Corporation (IFC), for the divestment of SLA.

    more
    Pending

    01-Feb-24

  • Develop a road map for restructuring CEB, including restructuring of its remaining legacy debts

    Develop a road map for restructuring CEB, including restructuring of its remaining legacy debts.

    more
    Pending

    01-Feb-24

  • Submission of the Public Finance management law to parliament

    Submission to Parliament of a new PFM law, based on IMF TA, that will authorize the budget formulation process, roles and responsibilities of relevant agencies, and information and accountability requirements.

    more
    Pending

    01-Feb-24

  • Government and CBSL to develop a detailed recapitalization plan for the remaining four banks

    Government and CBSL to develop a detailed recapitalization plan for the remaining four banks.

    more
    Pending

    01-Feb-24

  • Publication of a government action plan for implementing recommendations in the Governance Diagnostic report

    Publication of a government action plan for implementing recommendations in the Governance Diagnostic report.

    more
    Pending

    01-Feb-24

  • Introduction, tracking and reporting quarterly KPIs of tax compliance

    Introduction, tracking and reporting quarterly KPIs of tax compliance.

    more
    Pending

    01-Feb-24

  • Primary surplus of LKR 70 Bn by March 2024

    Primary surplus of LKR 70 Bn by March 2024.

    more
    Pending

    01-Mar-24

  • Net official international reserves atleast at -$2,035 Mn by March 2024

    Net official international reserves atleast at -$2,035 Mn by March 2024.

    more
    Pending

    01-Mar-24

  • Net credit to the government by the CBSL at a maximum of LKR 2,800 Bn by March 2024

    Net credit to the government by the CBSL at a maximum of LKR 2,800 Bn by March 2024.

    more
    Pending

    01-Mar-24

  • Stock of expenditure in arreras at a maximum of LKR 0 by March 2024

    Stock of expenditure in arreras at a maximum of LKR 0 by March 2024.

    more
    Pending

    01-Mar-24

  • Tax Revenue at LKR 750 Bn by March 2024

    Tax Revenue at LKR 750 Bn by March 2024

    more
    Pending

    01-Mar-24

  • New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by March 2024

    New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by March 2024.

    more
    Pending

    01-Mar-24

  • Proposed CBSL purchases of government securities in the primary market at LKR 0 by March 2024

    Proposed CBSL purchases of government securities in the primary market at LKR 0 by March 2024

    more
    Pending

    01-Mar-24

  • CCPI inflation between 8% and 2% by March 2024

    Year-on-year inflation in Colombo Consumers Price Index between 8 and 2 percent by March 2024.

    more
    Pending

    01-Mar-24

  • Social spending at LKR 50 Bn by March 2024

    Social spending at LKR 50 Bn by March 2024.

    more
    Pending

    01-Mar-24

  • Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn

    Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn.

    more
    Pending

    01-Mar-24

  • Treasury guarantees at LKR 2,100 Bn by March 2024

    Treasury guarantees at LKR 2,100 Bn by March 2024.

    more
    Pending

    01-Mar-24

  • Introduction, tracking and reporting quarterly KPIs of tax compliance

    Introduction, tracking and reporting quarterly KPIs of tax compliance.

    more
    Pending

    01-Mar-24

  • Enhance RAMIS to support assessing income tax and SSCL

    Enhance the electronic Revenue Administration Management Information System (RAMIS) to support the assessment of 2022/23 income tax returns and to administer and assess the Social Security Contribution Levy (SSCL) by end March 2024.

    more
    Pending

    01-Mar-24

  • Obtain Cabinet approval for an updated graduation strategy for Aswesuma beneficiaries

    Obtain Cabinet approval of an updated graduation strategy for the four household categories that are receiving benefits under Aswesuma by end-March 2024.

    more
    Pending

    01-Mar-24

  • Complete implementation of ITMIS

    Completion of the rollout of the Integrated Treasury Management Information System (ITMIS), expanding its coverage to all 220 heads (national budget execution agencies).

    more
    Pending

    01-Mar-24

  • Implementation of the amendments to the Banking Act

    Implementation of the amendments to the Banking Act.

    more
    Pending

    01-Mar-24

  • Reporting of monthly cash flows by the Department of State Accounts

    Report monthly cash flows from revenues, expenditures, and financing by the third business day of the subsequent month by the Department of State Accounts.

    more
    Pending

    01-Apr-24

  • Enact legislation on assets recovery in compliance with the UNCAC

    Enact a comprehensive Asset Recovery Law to harmonize it with the United Nations Convention Against Corruption, in consultation with IMF staff.

    more
    Pending

    01-Apr-24

  • Change legislation to make the minister responsible for fuel and electricity pricing

    Introduce legislative reforms making the Minister of Power and Energy responsible for implementing cost-recovery based fuel and electricity price adjustments.

    more
    Pending

    01-Jun-24

  • Primary surplus of LKR 140 Bn by June 2024

    Primary surplus of LKR 140 Bn by June 2024.

    more
    Pending

    01-Jun-24

  • Net official international reserves atleast at -$1810 Mn by June 2024

    Net official international reserves atleast at -$1810 Mn by June 2024.

    more
    Pending

    01-Jun-24

  • Net credit to the government by the CBSL at a maximum of LKR 2,720 Bn by June 2024

    Net credit to the government by the CBSL at a maximum of LKR 2,720 Bn by June 2024.

    more
    Pending

    01-Jun-24

  • Stock of expenditure in arreras at a maximum of LKR 0 by June 2024

    Stock of expenditure in arreras at a maximum of LKR 0 by June 2024.

    more
    Pending

    01-Jun-24

  • Tax Revenue at LKR 1,500 Bn by June 2024

    Tax Revenue at LKR 1,500 Bn by June 2024.

    more
    Pending

    01-Jun-24

  • New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by June 2024

    New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by June 2024.

    more
    Pending

    01-Jun-24

  • Proposed CBSL purchases of government securities in the primary market at LKR 0 by June 2024

    Proposed CBSL purchases of government securities in the primary market at LKR 0 by June 2024.

    more
    Pending

    01-Jun-24

  • CCPI inflation between 8% and 2% by June 2024

    Year-on-year inflation in Colombo Consumers Price Index between 8 and 2 percent by June 2024.

    more
    Pending

    01-Jun-24

  • Social spending at LKR 100 Bn by June 2024

    Social spending at LKR 100 Bn by June 2024.

    more
    Pending

    01-Jun-24

  • Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn

    Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn.

    more
    Pending

    01-Jun-24

  • Treasury guarantees at LKR 2,100 Bn by June 2024

    Treasury guarantees at LKR 2,100 Bn by June 2024.

    more
    Pending

    01-Jun-24

  • Obtain Cabinet approval of the fiscal strategy statement (FSS) containing a medium-term fiscal framework (MTFF).

    Obtain Cabinet approval of the fiscal strategy statement (FSS) containing a medium-term fiscal framework (MTFF).

    more
    Pending

    01-Jun-24

  • Streamline the online portal for simplified individual income tax filing by June 2024

    Streamline the online portal for simplified individual income tax filing by June 2024.

    more
    Pending

    01-Jun-24

  • Ensure that processing tax collections is only carried out through RAMIS as of June 2024

    Ensure that processing tax collections is only carried out through RAMIS as of June 2024.

    more
    Pending

    01-Jun-24

  • Amend tax legislation to remove ministerial discretion

    Amend the tax legislation (in particular, the Special Commodity Levy) to impose further discipline on the ministerial authority to introduce tax policy changes without prior parliamentary approval by end-June 2024.

    more
    Pending

    01-Jun-24

  • Introduction, tracking and reporting quarterly KPIs of tax compliance

    Introduction, tracking and reporting quarterly KPIs of tax compliance.

    more
    Pending

    01-Jun-24

  • Cabinet approval and publication of a framework to strengthen the governance of public bank

    Cabinet approval and publication of a framework prepared in consultation with IMF [and WB] staff to strengthen the governance of public banks, requiring their boards to have a majority of independent members, and nominations for board and senior management to be made by the banks’ nomination committees following open search procedures with clear requirements for independence and professional experience.

    more
    Pending

    30-Jun-24

  • Publish asset declarations for senior officials

    The operationalized Anticorruption commission shall publish asset declarations for senior officials in line with Anticorruption Act.

    more
    Pending

    30-Jul-24

  • Primary surplus of LKR 220 Bn by Sept 2024

    Primary surplus of LKR 220 Bn by Sept 2024.

    more
    Pending

    01-Sep-24

  • Net official international reserves atleast at -$1,524 Mn by Sept 2024

    Net official international reserves atleast at -$1,524 Mn by Sept 2024.

    more
    Pending

    01-Sep-24

  • Net credit to the government by the CBSL at a maximum of LKR 2,560 Bn by Sept 2024

    Net credit to the government by the CBSL at a maximum of LKR 2,560 Bn by Sept 2024.

    more
    Pending

    01-Sep-24

  • Stock of expenditure in arreras at a maximum of LKR 0 by Sept 2024

    Stock of expenditure in arreras at a maximum of LKR 0 by Sept 2024.

    more
    Pending

    01-Sep-24

  • Tax Revenue at LKR 2,400 Bn by Sept 2024

    Tax Revenue at LKR 2,400 Bn by Sept 2024.

    more
    Pending

    01-Sep-24

  • New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by Sept 2024

    New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by Sept 2024

    more
    Pending

    01-Sep-24

  • Proposed CBSL purchases of government securities in the primary market at LKR 0 by Sept 2024

    Proposed CBSL purchases of government securities in the primary market at LKR 0 by Sept 2024

    more
    Pending

    01-Sep-24

  • CCPI inflation between 8% and 2% by Sept 2024

    Year-on-year inflation in Colombo Consumers Price Index between 8 and 2 percent by Sept 2024

    more
    Pending

    01-Sep-24

  • Social spending at LKR 150 Bn by Sept 2024

    Social spending at LKR 150 Bn by Sept 2024.

    more
    Pending

    01-Sep-24

  • Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn

    Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn.

    more
    Pending

    01-Sep-24

  • Treasury guarantees at LKR 2,100 Bn by Sept 2024

    Treasury guarantees at LKR 2,100 Bn by Sept 2024.

    more
    Pending

    01-Sep-24

  • Cabinet approval for revenue measures for 2025

    Cabinet approval of revenue measures requiring legislative amendments to support fiscal consolidation during 2025, in line with program parameters.

    more
    Pending

    01-Sep-24

  • Establish the debt management agency

    Complete the establishment of the public debt management agency (PDMA)

    more
    Pending

    01-Dec-24

  • Primary surplus to 0.8 percent of GDP by end 2024

    Primary surplus to 0.8 percent of GDP by end 2024.

    more
    Pending

    01-Dec-24

  • Update fiscal reporting framework to the GFSM 2014 standard by end-2024

    Update fiscal reporting framework to the GFSM 2014 standard by end-2024.

    more
    Pending

    01-Dec-24

  • Publish audited financial statements of the remaining five SOEs that required auditing from 2018, during 2024

    Publish audited financial statements of the remaining five SOEs that required auditing from 2018, during 2024.

    more
    Pending

    01-Dec-24

  • The IRD will publish a public report on steps taken and results obtained on the staff code of conduct by December 2024

    The IRD will publish a public report on steps taken and results obtained on the staff code of conduct by December 2024.

    more
    Pending

    01-Dec-24

  • Enact a Public Procurement Law by December 2024 that reflects international good practice and will coordinate with the WB to provide needed technical support

    Enact a Public Procurement Law by December 2024 that reflects international good practice and will coordinate with the WB to provide needed technical support.

    more
    Pending

    01-Dec-24

  • Introduction, tracking and reporting quarterly KPIs of tax compliance

    Introduction, tracking and reporting quarterly KPIs of tax compliance.

    more
    Pending

    01-Dec-24

  • Introduce a nationwide real property tax including a review of related fiscal transfers, requesting technical assistance as needed

    Introduce a nationwide real property tax including a review of related fiscal transfers, requesting technical assistance as needed

    more
    Pending

    01-Jan-25

  • Introduce a gift and inheritance tax with a tax-free allowance and minimal exemptions

    Introduce a gift and inheritance tax with a tax-free allowance and minimal exemptions.

    more
    Pending

    01-Jan-25

  • Remove CIT exemptions on exports of IT services

    Remove CIT exemptions on exports of IT services.

    more
    Pending

    01-Apr-25

  • Ensure the full repeal of the SVAT system by April 2025

    Ensure the full repeal of the SVAT system by April 2025

    more
    Pending

    01-Apr-25

  • Primary surplus to 2.3 percent of GDP by end 2025

    Primary surplus to 2.3 percent of GDP by end 2025.

    more
    Pending

    01-Dec-25

  • Net official international reserves atleast at -$1,592 Mn by Dec 2023

    Net official international reserves atleast at -$1,592 Mn by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Improve BSTA to accurately measure electricity subsidy

    Improve the Bulk Supply Transaction Account (BSTA) to accurately measure the electricity subsidy, and start using it to determine the cost-recovery based electricity tariff and government transfer requirement.

    more
    Unknown

    01-Dec-23

  • Primary deficit atleast at 0.7 percent of GDP (-LKR 209 Bn) by Dec 2023

    Primary deficit atleast at 0.7 percent of GDP (-LKR 209 Bn) by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Social spending to 0.6 percent of GDP (LKR 187 Bn) by Dec 2023

    Social spending to 0.6 percent of GDP (LKR 187 Bn) by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Tax Revenue to LKR 2,550 Bn by Dec 2023

    Tax Revenue to LKR 2,550 Bn by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Treasury guarantees at LKR 2,100 Bn by Dec 2023

    Treasury guarantees at LKR 2,100 Bn by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn

    Cost of Non-Commercial Obligations for Fuel and Electricity (Net of Government Transfers) at LKR 0 Bn.

    more
    Unknown

    01-Dec-23

  • Stock of expenditure in arreras at a maximum of LKR 0 by Dec 2023

    Stock of expenditure in arreras at a maximum of LKR 0 by Dec 2023.

    more
    Unknown

    01-Dec-23

  • New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by Dec 2023

    New external payment arrears by the nonfinancial public sector and the CBSL at LKR 0 by Dec 2023.

    more
    Unknown

    01-Dec-23

  • Net credit to the government by the CBSL at a maximum of LKR 2,800 Bn by Dec 2023

    Net credit to the government by the CBSL at a maximum of LKR 2,800 Bn by Dec 2023.

    more
    Unknown

    01-Dec-23

  • The IRD will fully implement a staff Code of Conduct

    The IRD will fully implement a staff Code of Conduct by December 2023.

    more
    Unknown

    01-Dec-23

  • Create a HNWI unit within the Large TaxPayers Unit

    Create and implement within the Large TaxPayers Unit a High Net Worth Individuals (HNWI) unit and a design and monitoring unit that includes a strengthened Risk Management Unit.

    more
    Unknown

    01-Dec-23

  • Ensuring no ineligible beneficiaries receive Aswesuma

    Starting from January 2024, no ineligible beneficiaries will receive Aswesuma cash transfers.

    more
    Unknown

    01-Jan-24

  • Adopt a medium-term IRD Modernization Strategy and Implementation Plan

    Adopt by January 2024 a medium-term IRD Modernization Strategy and Implementation Plan with IMF FAD CD assistance.

    more
    Unknown

    01-Jan-24

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