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Now showing items 21-30 of 33
Average Time Taken to Restructure Debt
(2022-06)
A country resorts to debt restructuring when its public debt is unsustainable. Debt restructuring involves a substantive default on existing debt contracts. This can occur through an orderly or disorderly process. An orderly ...
Expenditure on the Education Sector : Regional Comparison
(2022-01-24)
The UN has dedicated the 24th of January as the International Day of Education in celebration of the role of education for peace and development. Sri Lankas’ Education Expenditure has been lagging behind regional peers. ...
Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959
(2022-06)
Data on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards.
The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half ...
Composition of Sri Lanka's Gross Official Reserves
(Colombo: Verite Research, 2022-04-05)
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ...
Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019
(Colombo: Verite Research, 2022-03-03)
Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. ...
How much Does Sri Lanka Allocate for the Defense Sector ?
(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. ...
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
(Colombo: Verite Research, 2022-04-26)
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other ...
Sri Lanka’s Short-Term Outflows Exceed Usable Reserves
(Colombo: Verite Research, 2022-02-15)
Sri Lanka’s gross official reserves have been consistently declining since June 2019 and as of January 2022, usable foreign exchange reserves stand at USD 792 Mn, while the twelve-month outflows at end of 2021 stand at USD ...
Shrinking Tax Base Increases Tax Burden on Existing Taxpayers
(Colombo: Verite Research, 2022-03-30)
The income tax per person is calculated as the total government revenue from income tax (including PAYE) divided by the total registered taxpayers for income tax which includes Individual Tax Payers and Employees paying ...
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
(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 ...