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Rs.1,154 bn received as Govt. revenue in first quarter

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Finance Minister Ranjith Siyambalapitiya said that Rs.1,154 billion have been received as government revenue in the first quarter of this year. 

The government’s income in 2022 was Rs.1,751 billion.

It is 7.3 per cent as a percentage of the domestic product. Siyambalapitiya said that the government’s income in the first quarter of this year is 15.8 per cent as a percentage of the GDP. Finance Ministry statistics reveal that in the first quarter of this year, the government has received Rs.850 billion as indirect taxes and Rs.304 billion rupees as direct taxes.

In the first quarter of this year, the government has received Rs.850 billion as indirect taxes and 304 billion rupees as direct taxes. By end 2022, the total number of tax files in the country was 333,313. Of these, 291,677 were income tax files while the balance 41,636 were payee tax files.

The State Minister mentioned that the government is making great efforts to introduce a number of new programmes to expand the country’s tax base in the future.

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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