Sri Lankan government earns massive revenue from cigarette and liquor taxes

The Sri Lankan government has earned a revenue up to Rs. 55 billion from January to September this year through taxes levied on liquor and cigarettes.

The Fiscal Management Report for 2011 that was tabled in parliament has revealed that, Rs. 29.5 billion has been earned from taxes on cigarettes and Rs. 26 billion on taxes on liquor during the stipulated period.

It is a 24 percent increase compared to the corresponding period of 2009.

Meanwhile, the government's total revenue has increased to Rs. 581 billion during the first nine months of this year from Rs.522 billion reported during the same period in 2009.