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Foregoing Competition to Secure Funding for Public Infrastructure: One third of funding secured was non-concessional
(Colombo: Verité Research, 2023-07-04)
In 2010, Sri Lanka established a unique framework, overseen by the Standing Cabinet Appointed Review Committee (SCARC), to handle unsolicited proposals (USPs) for public infrastructure funding. These USPs inherently bypass ...
Only 11 out of 52 SOEs have Published Financial Data up to 2022!
(Colombo: Verite Research, 2023-07-13)
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s ...
Interim Budget or Secret Budget?
(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 ...
Where's the promised land?
(Colombo: Verite Research, 2023-11-01)
Land access has been identified as a crucial barrier which inhibits foreign direct investment (FDI) in Sri Lanka. Investment zones, primarily Export Processing Zones (EPZs), are significantly influential in attracting FDI ...
How Long Did Sri Lanka Take to Secure its Board Level Agreement
(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 ...
Syndicated Surveys: Mood of the Nation - Round 04 2023
(Verité Research, 2023-02)
Syndicated Surveys by Verité Research which gauge public sentiment on Sri Lankans' various social and political viewpoints. The data is collected through a telephone interview and a nationwide randomised sample of around ...
Sri Lanka Met 33 IMF Commitments and failed 8 by end-June
(Colombo: Verite Research, 2023-07-17)
Sri Lanka had verifiably met 33 of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of June 2023 but had failed eight. Growing number of failed commitments, the number ...
Total and primary deficits run in opposite directions
(Colombo: Verite Research, 2023-09-22)
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant ...
Sri Lanka's best kept secret
(Colombo: Verite Research, 2023-11-01)
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with ...
Sri Lanka's Unique Revenue Problem
(Colombo: Verite Research, 2023-04-28)
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship. For example, Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just ...