Sri Lanka, April 1 -- Nearly one-third of a Rs.922 billion rise in the government's revenue projection for 2025 is expected to be driven by the value added tax (VAT), an analysis conducted by local analytics platform PublicFinance.lk showed.

The platform noted that the approved budget estimates indicate the total government revenue, excluding the provincial council revenue and grants, is set to reach Rs.5,012 billion in 2025, reflecting a 23 percent increase from Rs.4,090 billion recorded in 2024.

As per the Treasury projections, the total government revenue, including the tax revenue, non-tax revenue and grants, is estimated at Rs.5,125.96 billion, with the tax revenue alone contributing Rs.5,012.4 billion.

The provincial council rev...