For several years, the Telecom Regulatory Commission has been the biggest contributor to government revenues. It continues to be biggest in 2011, though it has come down considerably in 2011 from the massive yield in 2010, according to the 2012 Fiscal Management Report.
In 2010, TRC contributed LKR 13,800 million, 44% of total revenues from government enterprises. In contrast, all the state banks combined contributed LKR 5,315 million, 17% of the total. The Port (26th largest container port in the world) yielded nothing, zero. The airport contributed LKR 300 million (1%).
For 2011, the Report gives estimated numbers: TRC LKR 8,000 million (31%); all state banks LKR 7,159 (28%). The surprise is that the TRC’s contribution has declined by over LKR 5 billion.
For those who wish to convert to USD, today’s exchange rate is USD 1 = LKR 113. So TRC gave the government USD 122 million in 2010 and 71 million in 2011. Not a bad return on the few million spent on reforming the telecom sector!