Siyambalapitiya hugely magnifies fiscal difficulties for holding LG elections
In 2022, the government’s revenue and expenditure difference were as high as 256% or Rs. 3,058 billion. [In 2023] The government expect the revenue to be Rs. 3.45 trillion, while the expenditure will go up to Rs. 10 trillion, incurring a deficit of Rs. 6.66 trillion for the year. Thus, financial discipline is indispensable to run the economy.
Daily FT | January 21, 2023
Posted on: 2 February, 2023
False
Minister Gunawardana taxes the facts on problem of revenue
The total tax revenue collected by the government last year [2021] was LKR 1,298 billion. Of that, LKR 1,115 billion alone had to be used to pay the salaries and pensions of state sector employees. Therefore, only LKR 153 billion remained to be used for anything else.
Facebook Page of the Department of Government Information | August 23, 2022
Posted on: 6 October, 2022
Partly True