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Sri Lanka's Fiscal Targets for 2023
(Colombo: Verite Research, 2022-11-15)
The infographic outlined that Government revenue was expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023.
What Caused the Rise in Tax Revenue from 2021 to 2022?
(Colombo: Verite Research, 2023-06-30)
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a ...
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
(Colombo: Verite Research, 2023-01-05)
On January 1st, 2023, the government decided to raise the excise taxes on cigarettes by 20%. The increase affected various sizes of cigarettes differently, with the smallest size (no larger than 60mm) seeing a tax increase ...
Why did Sri Lanka fall short of revised 2022 tax revenue target?
(Colombo: Verite Research, 2023-07-20)
Sri Lanka missed its tax revenue target in 2022, falling short by Rs 101 bn. Prioritizing fiscal consolidation has been given greater importance as part of the current IMF program. A series of budget deficits, excessive ...
Expenditure Proposals from the 2023 Budget
(Colombo: Verite Research, 2022-11-15)
The infographics contain some of the key expenditure proposals presented in the 2023 Budget.
Large Scale Infrastructure Small Scale Disclosure
(Colombo: Verite Research, 2023-09-04)
Despite the Right to Information (RTI) Act’s proactive disclosure requirement, only 18% and 25% of information required to be disclosed on large-scale infrastructure projects were proactively disclosed online in 2022 and ...
Sri Lanka Ports Authority – A Profitable SOE
(2022-05)
The SLPA has made an operating profit since 2015. The SLPA revenue has consistently witnessed a growth from 2015 to 2019 , with a marginal decline in 2020.From 2016 onwards the SLPA has managed to make a net profits. A ...
Earnings from Tourism: Are we getting it right?
(2022-03)
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism. ...
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 ...
Syndicated Surveys: Mood of the Nation Round 02 2022 - Executive Presidency
(Verité Research, 2022-06)
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 ...