3 percent to 203.0 billion rupees.
Total revenues including non-tax revenues rose only 5.6 percent from a year earlier, against a planned annual increase of 14.
For the full year the state hopes to extract 1,000.6 billion rupees in taxes from the people, up an ambitious 23.
1 percent from a year earlier.
Last year Sri Lanka planned to increase tax revenues from the people by 19.0 percent to 861 billion rupees, but was actually able to extract an increase of only 12.
2 percent, despite strong economic and import growth.
Sri Lanka is now facing a trade contraction, with slowing growth and falling imports. Import taxes are key source of revenue.
The revenue deficit or the current account deficit of the budget (the difference between total reve