The govt revenue in the first half of 2024 has increased to Rs. 1,860 billion, a 41% increase y-o-y compared to the same period in 2023.

He said that the govt has managed to bring down the portion of indirect taxes to 70% of overall tax collection

Siyambalapitiya said through the performance in the the first half of the year, the Treasury has managed to collect 52.7% of the estimated revenue for 2024, while the non-tax revenue has increased by 30.4% in the first half of the year, which is mainly from interest income and fine collection.

He said that the record revenue collection has put the primary account surplus for the first six months of the year at Rs. 543.2 billion, a rare feat considering the history of Sri Lanka’s fiscal performance.