• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Economic Policies

Sri Lanka rupee opens slightly weaker, bond yields up todayheadline

July 4, 2025
in Economic Policies
Reading Time: 2 mins read
A A
0
2
SHARES
5
VIEWS
Share on FacebookShare on Twitter


ECONOMYNEXT – Sri Lanka is making initial plans to revive a property tax, under an International Monetary Fund program, according to published program documents, a bullet that was dodged by the current administration.

The idea is to bring in the property tax by the first half of 2017. Property taxes, found in some Western nations, however require taxes to be paid without cash flows and may also hit an ageing population and their incomes.

“We plan to continue building the data infrastructure for a possible property tax,” the IMF economic policy pledges said.

“In the meantime, building adequate information on property valuation is key.

“The first step in the process requires a database on historical valuation records. To this end, we are working to digitize the valuation records held by the government valuation department, starting with municipal councils. We plan to complete this process by end-2025.

“Next, a database on market value estimates is required. We have thus put in place a provisional digital nationwide Sales Price and Rents Register (SPRR).

“We have resolved outstanding data sharing constraints and will establish the final SPRR by end-September 2025.”

IMF programs including Pakistan have peddled various kinds of property taxes.

Sri Lanka had severe housing shortages at one time, and property taxes and stamp duties were reduced or removed as part of rationalizing the tax system.

Sri Lanka President Anura Dissanayake pointed out recently that the country has had to compromise on sovereignty when economies collapse.

“A nation cannot maintain sovereignty when the economy has collapsed,” President Dissanayake said.

“When the economy has collapsed the state cannot be independent. Whether we like it or not, we lose our sovereignty and independence.”

Property taxes are not the same as capital gains taxes where there is cashflow to pay to the ruling class and house owning or building is not discouraged. In the US (where there is no VAT) property taxes have discouraged even maintenance.

After the end of a civil war there were expectations that nuisance taxes would be removed and taxes would be limited to value added tax and reasonable rates of income tax, like in East Asian nations with monetary stability and deflationary or neutral policy (no policy rate).

However instead of a peace dividend Sri Lanka got the most aggressive ‘monetary policy’ and overall macro-economic policy in its history, through mid-corridor targeting and potential output targeting, rejecting classical economics for statistics, critics have pointed out.

Serial currency crises, a frenzy of foreign borrowings, serial stabilization crises (the so-called Yahapalana regime was hit by two stabilization crises in a single term), trade controls, gold taxes, and tighter exchange controls and eventual default under extreme macro-economic policy was the outcome.

Sri Lanka’s data-driven monetary policy (flexible inflation targeting without a floating rate/Reer targeting (depreciating the currency after printing money to reach a high inflation target/potential output targeting printing money for growth triggering currency crise and default) is a rejection of classical economic principles in favour of statistics with inevitable consequences, analysts have said.

The rejection of economics is primarily the price-specie-flow-mechanism (David Hume), and also Ricardo and Adam Smith who went into anchor conflicts of banks of issue in greater detail (sterilizing interventions) and even some employees of the IMF who understood how note issue banks work, including Nobelist Robert Mundell. (Colombo/July04/2025)


Continue Reading

Tags: bondLankaopensrupeeslightlySritodayheadlineweakeryields
Previous Post

The Sky Today on Friday, July 4: The Fireworks Galaxy

Next Post

US tariffs on Australian exports to remain at 10% todayheadline

Related Posts

Bellad seeks electric buses under PM's e-Drive scheme to North Karnataka cities

Bellad seeks electric buses under PM’s e-Drive scheme to North Karnataka cities todayheadline

July 4, 2025
0

Sri Lanka rupee closes weaker, bond yields up todayheadline

July 4, 2025
5
Next Post

US tariffs on Australian exports to remain at 10% todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Bellad seeks electric buses under PM's e-Drive scheme to North Karnataka cities

Bellad seeks electric buses under PM’s e-Drive scheme to North Karnataka cities todayheadline

July 4, 2025
Microbiota discovered in scorpion venom

Microbiota discovered in scorpion venom todayheadline

July 4, 2025
A dusty crown | Astronomy Magazine

A dusty crown | Astronomy Magazine

July 4, 2025
Power lines feed into the grid as sun sets.

Meteorologist Refutes Outlet’s False Claims On Climate-Induced Heat Waves And Grid Strain

July 4, 2025

Recent News

Bellad seeks electric buses under PM's e-Drive scheme to North Karnataka cities

Bellad seeks electric buses under PM’s e-Drive scheme to North Karnataka cities todayheadline

July 4, 2025
0
Microbiota discovered in scorpion venom

Microbiota discovered in scorpion venom todayheadline

July 4, 2025
2
A dusty crown | Astronomy Magazine

A dusty crown | Astronomy Magazine

July 4, 2025
3
Power lines feed into the grid as sun sets.

Meteorologist Refutes Outlet’s False Claims On Climate-Induced Heat Waves And Grid Strain

July 4, 2025
5

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Bellad seeks electric buses under PM's e-Drive scheme to North Karnataka cities

Bellad seeks electric buses under PM’s e-Drive scheme to North Karnataka cities todayheadline

July 4, 2025
Microbiota discovered in scorpion venom

Microbiota discovered in scorpion venom todayheadline

July 4, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co