January 01, Colombo (LNW): Sri Lanka Customs in the fiscal year 2023 has realised a historic milestone by surpassing a revenue threshold exceeding Rs. 900 billion, Customs Spokesman Seevali Arukgoda disclosed.
Remarkably, the department’s revenue for the year reached Rs. 970 billion, establishing a new pinnacle and registering the highest annual total in its operational history.
This achievement reflects a substantial increase, with the revenue collected in 2023 standing at 138 per cent higher than that of the year before.
Initially, the Finance Ministry had set an ambitious revenue target of Rs. 1,217 billion for the year 2023. However, economic challenges necessitated a subsequent revision, restricting the target to Rs. 893 billion.
It is noteworthy that, despite the adjustment in the targeted revenue, the actual revenue collected in 2023 still represents the highest annual figure on record.
A historical perspective reveals that in 2018, Sri Lanka Customs had previously attained a significant revenue of Rs. 923 billion.
