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New Year Shopping Crowd In Colombo

People are gathering to shop at the Pettah main market in Colombo, Sri Lanka, on December 30, 2023. Sri Lanka's cabinet is approving a 3% VAT increase from 15% to 18%, effective from January 1, 2024, aiming to meet revenue targets and secure International Monetary Fund loans. (Photo by Akila Jayawardena/NurPhoto)

Photo Details

Photo ID	#10880877
Date Taken	30 December 2023
Location	N/A
Photographer	Akila Jayawardena/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Akila Jayawardena/NurPhoto

Related Keywords

Sri LankaColomboPettahShopping Smart TVSouth AsiaVATAsia2024New Petta main market Colombo Sri Lanka December 30 2023 shopping Sri Lanka's cabinet VAT increase 15% 18% 1 January 2024 revenue targets International Monetary Fund IMF loans Akila Jayawardena NurPhoto tax policy economic measures government decision consumer spending fiscal policy market activity financial strategy public finance retail environment tax hike economic reform loan conditions financial aid tax revenue economic stability cabinet approval financial management economic adjustment.

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