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Now showing items 2011-2020 of 2075
"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution
(Colombo: Daily Mirror, 2023-11-09)
On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ...
For Sri Lanka, a Governance-Linked Bond Might Just Be the Ticket
(Colombo: Daily Mirror, 2023-12-21)
It is a truth universally acknowledged that if Sri Lanka under-performs on its governance corrections, it will underperform on its economic recovery also (with apologies to Jane Austen), the first provides the foundation ...
Is Sri Lanka Addicted to Missing Revenue Targets?
(Colombo: Daily Mirror, 2023-10-30)
It is all too familiar that Sri Lanka has a problem in meeting its budgeted revenue targets. Recently, a government member of parliament (MP) who voted in favour of the budget last year, said that the tax increases that ...
Restoring Economic Stability in Sri Lanka: An Overview of the IMF Extended Fund Facility
(Colombo: Daily Mirror, 2023-04-13)
On March 20, 2023, the International Monetary Fund (IMF) Board approved Sri Lanka's 17th IMF programme, under the Extended Fund Facility (EFF) arrangement, aimed at addressing the significant economic challenges faced by ...
The Debt Digest - March 2023
(Colombo: Daily Mirror, 2023-03-16)
The Debt Digest by Verité Research provides analytical commentary on the latest developments in Sri Lanka’s debt crisis. A key milestone in Sri Lanka’s path to recovery was the staff-level agreement with the IMF in September ...
Sri Lanka Falls Behind Least Developed Countries in Trade Facilitation: Here are Three Steps it Can Take to Reverse This Trend
(Colombo: Verite Research, 2023-07)
This note compares progress made by Sri Lanka against its regional competitors, other developing and least developed countries in facilitating trade by making import and export procedures of the country efficient, less ...
Eran Wickramaratne - Passport Ranking
(www.factcheck.lk, 2024-02-22)
PARTLY TRUE: [The] Sri Lankan passport [is] …97th among global passports…What does it mean? It means that…you have access to 40 countries without a visa. Sri Lanka has very little access to other countries to get a visa ...
Ashok Abeysinghe: Foreign Departures
(www.factcheck.lk, 2024-03-14)
PARTLY TRUE: 500 individuals from our country go abroad on a daily basis. In the recent past, between 180,000 and 200,000 individuals per month have gone abroad. The reason why they go abroad is because it’s difficult to ...
The Alternatives to Universal Tax Registration in Sri Lanka
(Colombo: Verite Research, 2023-02)
This note argues that the Sri Lankan government’s recent proposal to implement universal tax registration is neither a viable nor effective strategy to increase the country’s tax revenue. Instead, the note proposes four ...
Eran Wickramaratne - Ministry of Defence Expenditure
(www.factcheck.lk, 2024-01-26)
TRUE: When considering the Ministry of Defence, we spent 7% of the total budget for 2022 on it [Ministry of Defence] ... 60% of that goes to pay wages…Sri Lanka is one out of ten countries that has the greatest number of ...