Sri Lanka, Sept. 3 -- The country's total revenue increased by 26.6% to Rs 2,729 billion in the first seven months of 2025 from Rs 2,156 billions the same period of 2024. The revenue from income tax increased by 8.3% to Rs 525 billion in the first seven months of 2025 from Rs 485 billion compared to the same period of 2024. Revenue from VAT increased by 27.5 % to Rs 935 billion in the first seven months of 2025 from Rs 733 billion the same period of 2024, the Monthly Fiscal Review Report issued by the Ministry Of Finance, Planning and Economic Development said.

The budget deficit in normal terms narrowed by 36.3% to Rs 556.1 billion in the first seven months of 2025 from Rs 872.6 billions the same period of 2024 mainly due to the increas...