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Now showing items 11-20 of 40
Ranil Wickremesinghe: Money printing
(www.factcheck.lk, 11/9/2023)
TRUE: We put the Central Bank there [in charge] without meddling in it. Henceforth, according to the law, we won’t be able to print money. We have lost our ability to borrow (obtain loans) from the Bank of Ceylon and the ...
Niroshan Perera: Decline in industrial sector and exports
(www.factcheck.lk, 10/20/2023)
PARTLY TRUE: …the exports have decreased by 19.5 %. […] in the first quarter of 2023, the industrial sector has collapsed by 23.4%.
Niroshan Perera, YouTube page of Parliament of Sri Lanka, 23 August 2023
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 ...
Udaya Gammanpila: Domestic Debt Restructuring
(www.factcheck.lk, 7/27/2023)
TRUE: The IMF has not imposed a condition saying to restructure domestic debt. ….. That being the case, who has intimidated us to the point of doing this? What has happened is that foreign bondholders – sovereign bondholders ...
Ranil Wickremesinghe: Income Tax Files
(www.factcheck.lk , 3/9/2023)
TRUE: In 2019, there were 1.5 million income tax files in total…when we abolished the PAYE tax, in December 2021, we [only] had 400,000 income tax files. It reduced from 1.5 million to 400,000.
Ranil Wickremesinghe, ...
Udaya Gammanpila - Sinhala population in Colombo
(www.factcheck.lk, 9/14/2023)
FALSE: According to the 1981 census, the Sinhala population in the city of Colombo was 51%. According to the 2012 census, the Sinhala population in the city of Colombo was 28%. The Sinhala population has reduced by half. ...
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, ...
Patali Champika Ranawaka: True on SL’s uneasy equilibrium, false on fuel bill savings
(www.factcheck.lk , 2/13/2023)
PARTLY TRUE: …the current normalcy in the country is at a low-level equilibrium. This is an uneasy equilibrium.... Our normal [monthly] fuel bill stood at US $ 550 million. It has now been cut down to US $ 200 million…
Patali ...
Nalaka Godahewa: Tax targets
(www.factcheck.lk, 10/26/2023)
FALSE: […] The expected tax income for 2023 is Rs 3,130 billion [a 70% increase from 2022]. It is not something practical. Since the tax net is not functioning properly, the tax burden will fall on the same people who paid ...
Ranil Wickremesinghe: Debt restructuring
(www.factcheck.lk, 5/18/2023)
TRUE: Programme financing gaps: debt service reduction during 2023-27 should be sufficient to close external financing gaps. Under staff baseline scenario, US$17 billion in debt service reduction is required, including the ...