Demand for liquor in Sri Lanka decreased by about 30%
It was revealed at the Committee on Public Finance (COPF) that the demand for liquor has decreased by about 30% due to the recent increase in the price of liquor and the decrease in the income of the people of the country.
Accordingly, officials representing the Ministry of Finance, Economic Stabilization and National Policies, the Inland Revenue Department, the Sri Lanka Excise Department and the Sri Lanka Customs were contacted online.
The officials said that there were several problems in the Sri Lanka Excise Department reaching the target revenue due to the limited quantity of ethanol available for the production of liquor, limited number of diesel and fuel and distribution problems.
In addition, a detailed discussion was held on the revenue expected to be obtained by the Excise Department of Sri Lanka at the end of this year.