MP Wickramaratne falls short on example of revenue falling short
The government, despite taking the path of revenue-based stabilisation, has fallen significantly short of its targets. For instance, excise revenues have fallen short by approximately 43%, with collection at Rs.125 billion as of September [2023], compared to the required Rs. 214 billion.
Sunday Observer | November 5, 2023
Posted on: 12 January, 2024
Partly True
MP Godahewa off target on problem with tax targets
[…] The expected tax income for 2023 is Rs 3,130 billion [a 70% increase from 2022]. It is not something practical. Since the tax net is not functioning properly, the tax burden will fall on the same people who paid taxes in 2022. What has actually happened is that the income the taxpayers have to spend for their needs has reduced by 70%.
Aruna | October 9, 2023
Posted on: 26 October, 2023
False