The Ministry of Finance has invited think tanks, universities, professional bodies, private sector institutions, registered NGOs, and individual citizens to submit proposals aimed at strengthening Sri Lanka’s medium‑ and long‑term revenue strategies.
The invitation comes through the Revenue Management Committee, established under the State Finance Management Act No. 44 of 2024, which is tasked with preparing strategies to raise government revenue, improving coordination among revenue‑generating institutions, and providing policy guidance.
The government’s long‑term target is to increase state revenue to 20% of GDP by enhancing efficiency, broadening the tax base, and formalizing the informal economy.
Proposals may cover areas such as:
- Medium‑ and long‑term strategies to increase revenue
- Formalizing the informal economy and expanding the tax base
- Digitization of revenue institutions to improve efficiency
- Policy‑aligned collection methods
- Encouraging voluntary tax compliance and strengthening administration
- Technology‑based revenue systems and data analysis
- International best practices in revenue administration
Proposals must be submitted in PDF format, including a summary of the strategy, implementation method, expected fiscal or administrative impact, potential risks, and relevant institutional or personal details.
The deadline for submissions is June 16, 2026, with proposals to be sent via email to dgfp@fpd.treasury.gov.lk.
Issuing a notice, the Committee said it reserves the right to accept, reject or seek further clarifications on submissions.
