Published by
Daily Financial Times
Daily Financial Times
By Kumar Ranaweera “The revenue effort is doubled. Technology is brought in. Strict tax discipline is brought in. It has to work like in other countries, like for example, Pakistan where leakage was prevented by technology taking over tax administration. I will not underestimate the challenges, but this has to happen. Currently, operational expenditure is 17% and revenue is 9% and we are in a current account deficit. The Government hopes to generate 3% savings within revenue and operational expenditure with the measures that have been taken. The budget is turning into savings because there is …