Sri Lanka Puts IMF Targets at Risk With ‘Ambitious’ Tax Goals
- Analysts say president’s budget targets will be hard to meet
- Sri Lanka is already struggling to meet this year’s tax goal
This article is for subscribers only.
Sri Lanka’s president set “ambitious” tax revenue goals in his budget that may be difficult to meet, analysts said, potentially raising risks around its loan program with the International Monetary Fund.
President Ranil Wickremesinghe delivered a fiscal plan Monday that projects tax revenue will increase more than 47% next year. He also boosted government workers’ pay and increased state pensions ahead of next year’s election.