Browsing Econ by Title
Now showing items 126-145 of 238
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The Problem with Procurement
(Colombo: Verite Research, 2023-10-04)Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public procurement contracts through an online fiscal transparency platform. The online transparency platform was to be operational by March 2023, but the ... -
Provincial Council Receipts and Expenditure in 2020
(2021-11-02)The finance commission makes an annual recommendation on the allocation of funds required to meet the needs of provincial councils to the government. The Western Province has the highest absolute value, and the North Central ... -
Public Debt Increases in Dollar Value While Decreasing in Rupee Value
(Colombo: Verite Research, 2023-12-19)According to recent data published by the Ministry of Finance, public debt in dollar terms fell from USD 97 Bn (end 2021) to USD 85 Bn (end 2022), however rose again to USD 91 Bn by September 2023. The debt stock in ... -
Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy
(Colombo: Verité Research, 2021-03)This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are ... -
Public Report on the 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions Used in the Budget Estimates
(Colombo: Verité Research, 2021)The 2022 budget was presented to the parliament on November 12, 2021, outlining the government’s proposals to raise public funds through taxation and proposals for expenditure during the year. These proposals form the ... -
Public Report On The 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates - Infographics
(2021-12)The 2022 budget was presented to the parliament on November 12, 2021, outlining the government’s proposals to raise public funds through taxation and proposals for expenditure during the year. These proposals form the ... -
A Rational Method for Cabinet Formation in Sri Lanka: A White Paper
(Colombo: Verité Research, 2020-08)Ministries are the overarching bodies that house relevant government bodies such as departments and authorities in charge of a particular subject area. They are responsible for the formulation and approval of national level ... -
Reallocation of Funds Can Help Finance an Election
(2022-06)The infographic depicts the cost of an election in comparison to selected spending decisions undertaken by the government in 2022. In 2022 the government allocated LKR 19 billion for domestically funded defence projects ... -
Reducing Domestic Barriers to Export Success
(Colombo: Verité Research, 2018-04)Export promotion has been a key policy objective of successive governments of Sri Lanka. The Government aims to double the value of exports to USD 20 billion by 2020. Currently, the government is taking measures to improve ... -
Relief Package: What it Entails and How Will it be Financed?
(2022-02-01)In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts ... -
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 ... -
Restoring Efficient Tax Collection Methods: Withholding Tax and Pay-As-You-Earn
(Colombo: Verite Research, 2022-06)The note estimates the additional revenue that can be collected from reinstating in Sri Lanka two methods of efficient tax collection that were discontinued in 2020. That is: the withholding tax (WHT) and the pay-as-you-earn ... -
Restructuring Domestic Debt Must Be Credible, Fast, Comprehensive
(Colombo: Daily Mirror, 2023-06-08)With the possibility of restructuring domestic debt increasing, there are concerns about the impact of such a restructuring on the financial markets. A limited restructuring, in which only government debt held by the Central ... -
Reviewing the Data Dissemination Practices of Sri Lanka’s Department of Census and Statistics
(2021-02)In 2014, a data dissemination policy was introduced by the Department of Census and Statistics (DCS) in Sri Lanka. The DCS is the primary agency responsible for the collection, compilation and dissemination of official ... -
S&SEA Rice Exports: Challenges in relation with the new EU MRL
(Geneva: CUTS International, 2019-10)This Country Update Note provides the views of rice exporters and government agencies in Sri Lanka on their perceptions of the issues they face in complying with EU MRL requirements. The MRL regulations effective at the ... -
Sectoral Allocations for the 2023 Budget
(Colombo: Verite Research, 2022-11-15)Sectoral allocations from the 2023 Budget, ranging from defence to water and sanitation. This was presented in the Budget speech for 2023. -
Sectoral Allocations: Budget 2024
(Colombo: Verite Research, 2023-11-13)This series of infographics contains sectoral allocations from Budget 2024. Allocations to Finance, Defence and Health were among the highest. -
Shaping and influencing public discourse on public policy: Role of think tanks and research organizations (Presentation)
(2022-08-31)Think tanks and research organizations have a role in shaping and influencing public discourse on public policy. The objective of this presentation is to introduce Verité Research, their research products and the impact ... -
Share of Foreign debt has increased to 47% of total debt by April 2022
(Verité Research, 2022-08-16)Foreign debt as a percentage of total outstanding government debt increased from 37% at the end of 2021 to 47% in the first quarter of 2022. On average for the past decade domestic debt has accounted for 56% and foreign ... -
Shrinking Tax Base Increases Tax Burden on Existing Taxpayers
(Colombo: Verite Research, 2022-03-30)The income tax per person is calculated as the total government revenue from income tax (including PAYE) divided by the total registered taxpayers for income tax which includes Individual Tax Payers and Employees paying ...