Sri Lanka's indirect tax burden is among the highest globally
Sri Lanka, Oct. 28 -- Sri Lanka's economy grew by 4.7% during the first half of 2026, but concerns have emerged over whether the recovery is translating into improved living standards for ordinary citizens, amid rising prices and mounting household financial pressures.
While the latest official figures indicate continued economic growth, an analysis by an investment, strategy and policy advisory professional suggests that high consumption taxes and restrictive fiscal policies may be widening the gap between headline economic performance and the public's day-to-day experience.
According to the analysis, only 25% of households earn enough to cover their living expenses, while inflation has exceeded 8%, highlighting the cost-of-living chal...
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