Browsing by Author "Econ Team"

Now showing items 41-60 of 133

    • Highlights from the Appropriation Bill for 2024 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-10-06)
      The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest payments alone remain more than one-third of total spending in 2024, reflecting an increase of 20% from 2023.

    • How Committed was the Sri Lankan Government to Implementing its Crisis-Response Policies 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-03-17)
      This set of infographics depict the government's response to the economic crisis in Sri Lanka. 15 cabinet decisions and parliamentary proposals were tracked that focused on health, agriculture and fuel. Of the total, ...

    • How did Sri Lanka Finance Government Expenditure in 2022? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-05-15)
      Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings.

    • How Long Did Sri Lanka Take to Secure its Board Level Agreement 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-03-21)
      Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in reaching an agreement with the International Monetary Fund (IMF) causing worry among investors and policymakers alike. In this ...

    • How much Does Sri Lanka Allocate for the Defense Sector ? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-02-03)
      The allocation for the Ministry of Defense is significantly higher than the allocation for Ministry of Health over the years in Sri Lanka. Over the last two years allocation for Ministry Defense has been more than doubled. ...

    • The IDC is Advocating for more Accountability from Private Lenders to Ease the Debt Burden of Developing Nations 

      Econ Team (Colombo: Verite Research, 2023-03-15)
      The International Development Committee is advocating for mandatory participation of private creditors in debt relief schemes for impoverished nations. Developing nations have accrued higher debts than before to private ...

    • IMF Programme Progress 

      Econ Team (Colombo: Verite Research, 2023-05-18)
      The infographic covers three points; 1) the IMF analysis projects a decline in Sri Lankas debt to GDP; 2) effective interests rates to decline; and 3) progress on IMF commitments.

    • IMF programme’s transparency falls to lowest point in September 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-10-19)
      The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably ...

    • IMF Tracker Update: December 2023 

      Econ Team (2024-01)
      The International Monetary Fund (IMF) has published its evaluation of Sri Lanka’s performance in the first phase or ‘first term’ of the ongoing Extended Fund Facility (EFF) programme, which commenced in March 2023. Verité ...

    • IMF Tracker Update: February 2024 

      Econ Team (Colombo: Verite Research, 2024-03)
      Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these ...

    • Improving Sri Lanka’s Business Environment: It’s not so difficult 

      Verité Insights;
      Econ Team       (2014-11)
      In his budget speech, Finance Minister, President Mahinda Rajapaksa said Sri Lanka “aims at gaining a ranking among the top 10 countries in Asia Pacific in the Doing Business Index (DBI).” This Insight finds constructive ...

    • Interest payments weigh heaviest in 2022! 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-07-24)
      The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest ...

    • Interim Budget or Secret Budget? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-08-03)
      The Ministry of Defense was specified as an implementing agency for two reasons. 1) to establish STEM focused branch campuses. STEM refers to approach of learning that integrates the areas of science, technology, engineering ...

    • Interim Budget or Secret Budget? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-08-03)
      24 expenditure proposals and 5 regulatory proposals were tracked in this assessment. Expenditure proposals refer to those proposals that involve capital expenditure by the government distributed across ministries etc. ...

    • International Women's Day 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-03-08)
      In Sri Lanka women are half as likely to enter the labour market, and twice as likely to be unemployed than men. 82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven times the ...

    • Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-08-16)
      Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with ...

    • Is Maldives going down Sri Lanka's path?: Maldives is increasingly finding it difficult to cover recurrent expenditure 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-08-17)
      Since 1983, Sri Lanka has faced the continuous challenge of its revenue falling short of covering recurrent expenditure. Subsequently, when looking at Maldives’s fiscal performance it seems to echo Sri Lanka’s trajectory. ...

    • Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-03-10)
      Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have ...

    • Is the Right to Information Good for Business? 

      Verité Insights;
      Econ Team       (Colombo: Verité Research, 2015-03)
      Prior to the enactment of the RTI Act in Sri Lanka in 2016, a debate had arisen on whether enacting a right to information (RTI) law could impede businesses. The main concern was that competitors could use the RTI process ...

    • Justice in Slow Motion Corrodes Sri Lanka's Economy 

      Verité Insights;
      Econ Team       (2013-07)
      The Insight discusses three aspects regarding the inherent lengthy delays in the Sri Lankan court system. First, delays in dispute resolution are costly—and not merely in legal fees, but in investments and initiatives ...