Browsing Econ by Title
Now showing items 127-146 of 273
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Natural Disaster Insurance Coverage
(Colombo: Verité Research, 2018-04)Despite an increasing number of natural disasters in recent years, Sri Lanka suffers from a limited uptake of natural disaster insurance coverage. Sri Lanka’s small and medium enterprises (SMEs) are especially vulnerable ... -
Navigating Sri Lanka's Debt: Better Reporting Can Help – A Case Study on China Debt
(Colombo: Verité Research, 2021-02)This brief shows that the failure to factor external debt outside central government agencies leads to an underestimation of Sri Lanka’s debt. This underlying informational problem is illustrated in three sections. The ... -
Navigating Sri Lanka's Debt: Better reporting can help – a case study on China debt = ශ්රී ලංකාවේ ණය කළමනාකරණයට නිවැරදි වාර්තාකරණයේ වැදගත්කම – චීන ණය පිළිබඳ සිද්ධි අධ්යයනයක්
(Colombo: Verité Research, 2021-02)The published information on debt underestimates Sri Lanka’s overall external public debt burden and its distribution amongst external lenders. This problem arises because Sri Lanka’s reporting of external debt is limited ... -
The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka
(Colombo: DailyFT, Colombo: Daily Mirror, Online: International Banker, 2023-04-27)The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short ... -
Northern Provincial Council: Citizens Budget 2022
(Colombo: UNICEF, 2022)The citizens' budget was essentially a simpler, shorter, and less technical version of the government's budget that was specifically designed after crucial consultation with the public and civil society to present key ... -
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 ... -
Open Budget Survey 2019 (Presentation)
(Colombo: Verité Research, 2020-06-04)Government budget decisions—what taxes to levy, what services to provide, and how much debt to take on—affect how equal a society is and the well being of its people, including whether the most disadvantaged will have real ... -
Open Budget Survey 2021 in Context: South Asia
(Colombo: Verité Research, 2022-02)In an effort to make the Open Budget Survey (OBS) better reflect the views of their civil society partners and respond to requests by stakeholders, including development partners, IBP commissioned a set of regional briefs, ... -
Opening up Trade Data: The Benefits to Sri Lanka
(Colombo: Verité Research, 2020-06)International trade data are the foundational basis when formulating trade policies and assessing their impacts. Trade data is vital for firms engaging in international trade to make sound business decisions. Unfortunately, ... -
Organic Fertiliser Transition in Sri Lanka: Farmers Were Providing an Early Warning of a Food Shortage = ශ්රී ලංකාව කාබනික පොහොර වෙතට මාරු වීමට දැරූ ප්රයත්නය: ගොවීන්ගෙන් ආහාර හිඟයක් පිළිබඳ පූර්ව අනතුරු ඇඟවීමක්
(Verité Research, 2021-09)Sri Lanka introduced a ban on chemical fertiliser importation, and a shift to organic fertiliser starting April 2021. As existing stocks were beginning to deplete Verité Research conducted a survey in July to capture the ... -
Over Estimation of Social Security Contribution
(2021-12-10)Budget 2022 proposed a Social Security Contribution (SSC) tax to rebuild the Sri Lankas Economy from the COVID- 19 pandemic. SSC is charged at 2.5% on an annual turnover exceeding LKR 120 million. This tax is proposed to ... -
Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020
(Colombo: Verite Research, 2022-02-15)Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The infographic shows the distribution of ownership of the ... -
Personal Income Tax (PIT): SL has the highest income tax rate at a lower income level in South Asia
(Colombo: Verite Research, 2024)Sri Lanka imposes its highest tax rate at a relatively lower income threshold compared to other South Asian countries. Individuals earning over LKR 308,333 per month are subject to a steep 36% tax rate, making Sri Lanka ... -
Personal Income Tax (PIT): SL has the highest level of income with zero tax in South Asia
(Colombo: Verite Research, 2024)Sri Lanka has the highest tax-free income threshold in South Asia – without the Maldives. Citizens are exempt from paying income tax unless they earn over LKR 1.2 million annually (LKR 100,000 per month). In comparison, ... -
Personal income tax (PIT): SL’s tax burden is less at lower incomes but more at high incomes compared to South Asia
(Colombo: Verite Research, 2024)Sri Lanka's personal income tax burden varies significantly between lower and higher income levels. At lower incomes, particularly for those earning below LKR 250,000 per month, the tax burden—measured as the percentage ... -
Petrol and Diesel Market Prices vs. Formula Price in October
(Colombo: Verite Research, 2024)Following the monthly fuel price revision for October, the market price of 92-octane petrol is LKR 10 above the fuel price formula, and the market price of Auto diesel is LKR 22 above the fuel price formula, as shown by ... -
Petrol and Diesel vs. fuel price formula in July (2024)
(Colombo: Verite Research, 2024-07-03)Following the monthly fuel price revision for July, the market price of 92-octane petrol is LKR 16.67 above the fuel price formula, and the market price of Auto diesel is LKR 21.68 above the fuel price formula, as shown ... -
Post-Covid19: Can the Sri Lankan apparel sector benefit from US-China decoupling? A statistical analysis
(National Science Foundation, Sri Lanka, 2021)The “US-China decoupling” has received much attention with the deterioration of US-China diplomatic and economic ties under the Trump administration. US firms seeking to reduce their reliance on China offers an economic ... -
Power Cuts in Sri Lanka 2012: A Critical Review
(Colombo: Verité Research, 2012-08)This report analyses the explanations provided by the government in announcements regarding scheduled power cuts in 2012. The standard explanations for power cuts were: (i) Unexpectedly high growth in demand; (ii) Shortage ... -
Primary and Budget Balances move in opposite directions as interest payments increase!
(Colombo: Verité Research, 2024-01)The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in 3rd quarter 2022 to a positive LKR 124 Bn in 3rd quarter 2023. The Budget Deficit, however, ...