Tax revenue targets expected by the state cannot be met due to the disruptions to economic activities, said an economics expert.
Dr. Priyanga Dunusinghe of the Colombo University said the losses have been greater due to restrictions imposed on imports following the shortage of dollars.
Revenue of the state is sufficient only to pay interest on loans and salaries of public servants, he said.
A revival of economic activities and obtaining foreign loans will help overcome the difficulties, added Dr. Dunusinghe.
(nethnews.lk)
