A recent study by IPS projects that government tax revenue can be boosted by LKR 37 billion by 2023, if taxes on cigarettes are streamlined and raised in line with inflation. Although the government assumed a policy stance of cutting taxes across the board when they came into power, excise taxation of sin-goods such as cigarettes is one area where it is still politically feasible to raise taxes in order to boost much needed revenue. This month’s budget is therefore an opportune moment to increase tobacco taxation, which will simultaneously help raise revenue at a critical time for the country, and generate significant and positive health benefits that would flow from reducing smoking.
As the world responds to the COVID-19 pandemic and works towards recovery, Sri Lanka should explore ways of halting the spread of future pandemics, stimulating recovery, and building resilience in underprivileged urban settings. This blog discusses how Sri Lanka can address these challenges.
Disasters such as COVID-19 can significantly impede development. While it is difficult to avoid being affected by disasters, disaster preparedness can reduce the costs, and quicken the recovery.
This blog highlights the incidence of NCDs, by sex, age groups and income levels, based on the Household Income and Expenditure Survey-2016, (HIES-2016), conducted by the Department of Census and Statistics (DCS). It also discusses directions for future research on NCDs and provides recommendations to tackle the NCD challenge.
As Sri Lanka is looking to reform its education sector, the 16th Edition of the Talking Economics Digest centers on the theme of ‘Creating a Knowledge-based Economy.’