Browsing Econ by Author "Econ Team"

Now showing items 1-20 of 119

    • 2023 Budget's revenue target missed by LKR 382 Bn 

      Public Finance Infographics;
      Econ Team       (Verité Research, 2024-08)
      The Ministry of Finance Annual Report, released on 31st May 2024, shows that in 2023, total revenue including grants fell short of the Budget target by LKR 382 billion or 11%. In 2023, actual total revenue and grants ...

    • 2023 government expenditure surge matches the increase in interest payments​ 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2024-06-26)
      Government spending increased by 20% in 2023, reaching LKR 5,357 billion, up from LKR 4,473 billion in 2022. This LKR 884 billion increase was primarily due to an LKR 890 billion rise in interest payments. In contrast, ...

    • 30% of IMF Programme Commitments Due in April Not Met 

      Public Finance Infographics;
      Econ Team       (2024-05-16)
      By the end of April 2024, Sri Lanka has not met 30% of its due commitments, which translates to a total of 19 unfulfilled obligations. The majority of these unmet commitments pertain to enhancing transparency and enacting ...

    • Analysis of Sri Lanka's improved position in the 'Doing Business Index' 2012 

      Econ Team (Colombo: Verité Research, 2011-11-01)
      The World Bank’s ‘Doing Business Index’ measures the ease with which domestic small and medium sized enterprises can do business in their home countries. Between 2011 and 2012, Sri Lanka’s rank in the Doing Business Index ...

    • Average Time Taken to Restructure Debt 

      Public Finance Infographics;
      Econ Team       (2022-06)
      A country resorts to debt restructuring when its public debt is unsustainable. Debt restructuring involves a substantive default on existing debt contracts. This can occur through an orderly or disorderly process. An orderly ...

    • Bloomberg Markets Predicts LKR's Possible Depreciation Against USD 

      Econ Team (Colombo: Verite Research, 2023-06-02)
      Bloomberg reported that the Sri Lankan rupee may deteriorate as a result of upcoming debt repayments. In March 2023 Verite Research took the view that greater volatility in exchange rates increases uncertainty and risk for ...

    • Budget Promises: Beyond Parliament - 2020 End Year Assessment 

      Econ Team (Colombo: Verite Research, 2021-10)
      Due to the absence of a budget speech in 2020, the public finance platform tracked 24 cabinet decisions—a combination of expenditure and regulatory policy decisions—made from January to June 2020. The decisions tracked ...

    • CBSL more Optimistic than the IMF 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-06-16)
      According to the Annual Report of the Central Bank of Sri Lanka (CBSL) published for the financial year 2022, projected real Gross Domestic Product (GDP) growth was higher than the International Monetary Fund's (IMF) ...

    • Change in Tariffs on Monthly Electricity Consumption 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-02-23)
      Electricity tariffs were initially revised in August 2022, which was the first revision since November 2014. However, in February 2023 tariffs were revised again. For households using less than 60 units, the initial tariffs ...

    • Changes in Allocations to Ministries 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-10-13)
      In the Appropriation Bill for 2024, key ministries such as Finance, Defense, Health, Education, Transport, and Highways witness an increase in their allocations. The Ministry of Finance experienced the largest year on ...

    • China Endorses Sri Lanka Debt Plan 

      Econ Team (Colombo: Verite Research, 2023-03-09)
      China has given its approval to Sri Lanka's plan to restructure its international debt, clearing the path for a loan via the IMF's Extended Fund Facility (EFF).

    • CIPE06 Budget Promises: 2021 End Year Assessment Infographics 

      Econ Team (2022)
      For the end year assessment of the 2021 budget, 37 RTI requests were filed to 28 implementing government agencies for information on Expenditure Proposals and Verité filed 12 RTI requests with 9 implementing government ...

    • Composition of Sri Lanka's Gross Official Reserves 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-04-05)
      The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ...

    • The Cost of a Kevili Table in 2023 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-04-14)
      During Avurudu 2023, the cost of preparing a Kevili table rose by 2.4 times since 2019. The ingredients used were taken from popular YouTube Channel Appe Amma.

    • The Cost of Inflation: Sustaining 2015 Consumption in 2023 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-03-14)
      Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains ...

    • Costs of Doing a Job For Urban Women In Sri Lanka - Infographics 2022 

      Econ Team (2022)
      This IKR entry contains infographics done to disseminate the findings of the report "Costs of Doing a Job for Urban Women in Sri Lanka". The study found that the cost of doing a job is 1.6 times the compensation they ...

    • Defence Sector Claims Nearly Half of State Salaries 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-06-02)
      According to the 2023 Budget Estimates, 15% of total recurrent expenditure of the government will be spent on salaries for government employees for the year 2023. As of 2023, the defence sector is estimated to claim nearly ...

    • Earnings from Tourism: Are we getting it right? 

      Public Finance Infographics;
      Econ Team       (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. ...

    • Employees Provident Fund (EPF): Special Report 

      Econ Team (Colombo: Verité Research, 2012-03-28)
      This brief discusses the performance of the Employees' Provident Fund's (EPF) equity investments in the period 2009–2010 in comparison to risk-free government securities, the All Share Price Index (ASPI) and equity ...

    • The EPF is the Single Largest Holder of Government Treasury Bonds 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-07-16)
      On June 28, 2023, the Sri Lankan government unveiled its Domestic Debt Restructuring plan. A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for ...