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Wahanaya Team · 6 days ago
Your Car Tax Helped Turn a Deficit Into a Rs 22.3bn Surplus — Should That Worry You?
Sri Lanka's budget swung to a Rs 22.3 billion surplus in the first nine months of 2026, reversing last year's deficit, and motor vehicle excise plus customs collections did much of the heavy lifting — Customs and Inland Revenue together brought in 47% of all tax revenue for the period. One side says this is fiscal policy working as intended: vehicle taxes hit discretionary spending, not essentials, so using that money to balance the books instead of borrowing more is exactly right. The other side says it proves the state has quietly become dependent on you buying a car to pay its bills, which is precisely why import duties and surcharges never seem to come down even when importers lobby hard for relief. If a chunk of the government's surplus depends on people like you paying high duties, do you think rates can realistically fall anytime soon, or are vehicle taxes now permanent fiscal furniture? Has this changed what you're willing to pay for your next import or lease? රජයේ අයවැය සමතුලිතය වුණේ වාහන බද්දෙන් කියන එක ගැන ඔබේ අදහස මොකක්ද?
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