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Government Deficit Has Decreased By Rs. 32 Billion from the Years 2020 to 2021
(2022-09-20)The recently released figures for 2021 show that government revenue has fallen from 9.2% of GDP in 2020 to 8.7% of GDP in 2021. Meanwhile, government expenditure has decreased from 23.0% of GDP in 2020 to 21.0% of GDP in ... -
Government Expenditure from 2012-2021
(Verité Research, 2022-07-26)Government Expenditure increased by 126% over the past decade. Expenditure increase by LKR 59 BN in 2021. -
Government Revenue and Grants Over The Past Decade
(Verité Research, 2022-07-12)Revenue and Grants declined by LKR 91 BN from 2020 to 2021. -
Government Revenue Loss due to the Sugar Tax Cut
(Colombo: Verite Research, 2023-03-07)The Special Commodity Levy (SCL) on imported sugar was reduced from LKR 50/kg to LKR 0.25/kg on the 13th of October 2020. This was intended to reduce the price of sugar in the domestic market. The cumulative loss of ... -
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
(2022-01-10)On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread ... -
Government’s strength in parliament
(Manthri.lk, 2022-04-07)This infographic shows how the government power changed after 43 MPs announced that they would act independently in the parliament. As of 5 April 2022, its strength is as follows: government 116, Independent 43 and opposition ... -
Government’s strength in parliament – Changes and breakdowns
(Manthri.lk, 2022-04-22)This set of infographics show how the government power changed after 43 MPs announced that they would act independently in the parliament, breakdown of the government MPs as well as independent MPs. As of 20 April 2022, ... -
Harin Fernando: Chinese tourists
(www.factcheck.lk, 7/13/2023)PARTLY TRUE: If each Chinese tourist spent $5,000 that could raise a figure comparable to the recent International Monetary Fund bailout…If you really look at it, tourism can get Sri Lanka out of this mess. Harin Fernando, ... -
Harin Fernando: employment trends
(factchecklka - Facebook, 10/12/2018)TRUE: Minister Fernando pointed out that employment has increased from 7.7 million in 2014 to 8.2 million in 2017. - Harin Fernando, 3 October 2018, Daily News -
Harini Amarasuriya: Female Labor Force Participation
(www.factcheck.lk, 10/22/2020)TRUE: ..according to the 2009 [sic, 2019] Annual Report from the Central Bank, the female labour force participation rate of Sri Lanka was 34.5%. It was 73% for men... We have one of the lowest female labour force participation ... -
Harini Amarasuriya: Unpaid care work
(www.factcheck.lk, 8/17/2023)TRUE: …there are a few factors that are not considered when measuring the contribution to the labour force…[a] large chunk of unremunerated work done by women is the main type of work that is not included in these statistics. ... -
Harsha de Silva: Budget Deficit
(www.factcheck.lk, 5/13/2021)TRUE: CBSL Annual Report states Sri Lanka's budget deficit for 2020 [was a] huge 11%. But it should be even higher at 14%. - Harsha de Silva, Harsha de Silva's Official Twitter, 1 May 2021 -
Harsha de Silva: EPF and ETF
(www.factcheck.lk, 5/25/2023)TRUE: The majority of Sri Lanka’s domestic debt is in treasury bonds. We have [almost 9,000 billion] worth of treasury bonds….44.5% of that is in banks….43% was borrowed from EPF & ETF. Harsha de Silva, Daily FT, 20 April 2023 -
Harsha De silva: Government debt
(www.factcheck.lk, 10/1/2020)TRUE: …the government made a hue and cry [those days] saying that the debt rose by Rs. 5,700 billion in five years, didn’t they? However, during their time, it has risen by [approximately] Rs. 1,000 billion in just four ... -
Harsha de Silva: Inflation in Asia
(www.factcheck.lk , 3/3/2022)TRUE: We [Sri Lanka] have the highest inflation in Asia as of now. - Harsha de Silva, Ada Derana, 1 February 2022 -
Harsha de Silva: Loan Collateral
(www.factcheck.lk, 8/20/2020)Also, for the first time in Sri Lanka’s history, when Sri Lanka, as a sovereign state, asked the international community for a loan, they asked for collateral. This is because the international community has identified ... -
Harsha de Silva: Multidimensional poverty
(www.factcheck.lk, 12/14/2023)PARTLY TRUE: The World Bank states that the poverty level which was at 13% in 2019 has by today, increased to at least 25%. The multidimensional Poverty Vulnerability of Oxford University and UNDP (sic) states that when ... -
Harsha de Silva: Real Returns on EPF
(www.factcheck.lk, 9/29/2023)TRUE: […] In the [EPF] Act itself it specifies 2.5% return. […] at the time inflation was at around 1 percent, if you look at 5 years prior to 1958, the average would have been 1 percent. […] Over the years, some years ... -
Harshana Rajakaruna: MPs not speaking in Parliament
(www.factcheck.lk, 3/28/2019)TRUE: As a whole, 95% of MPs have spoken [in parliament in 2018]. It is only 5% who haven't spoken. - Harshana Rajakaruna, Silumina, 3 March 2019 -
The Hidden Side of Cigarette Pricing
(Colombo: Verité Research, 2018-07)This insight examines how analysis of past tax and price data reveals two aspects of cigarette pricing that are hidden from media reporting. First, net-of-tax price grew at a faster rate than the tax per cigarette; second, ...