Economy Sri Lanka

Editorial photo #10891540 Economy, Business and Finance

Economy Sri Lanka

A laborer is carrying sacks of onions in the main economic hub of Colombo, Sri Lanka, on January 5, 2024. The government of Sri Lanka has authorized a 3% increase in the Value-Added Tax (VAT), raising it from 15% to 18%, effective on January 1, 2024. This increase aims to meet the International Monetary Fund's (IMF) revenue targets following the country's most significant economic crisis in over seventy years, caused by a shortage of foreign reserves. (Photo by Akila Jayawardena/NurPhoto)

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#10891540
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Akila Jayawardena/NurPhoto
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Economy, Business and Finance
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© 2026 NurPhoto - Akila Jayawardena/NurPhoto

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NurPhoto General news Economy Economy Business and Finance January 5 2024 5th January 2024 Economic Hub Sri Lanka
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