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Now showing items 11-16 of 16
Highlights from the Appropriation Bill for 2023
(Colombo: Verite Research, 2022-11-02)
The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November.
The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2023, while ...
How did Sri Lanka Finance Government Expenditure in 2022?
(Colombo: Verite Research, 2023-05-15)
Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings.
Highlights from the Appropriation Bill for 2024
(Colombo: Verite Research, 2023-10-06)
The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest payments alone remain more than one-third of total spending in 2024, reflecting an increase of 20% from 2023.
Interest payments weigh heaviest in 2022!
(Colombo: Verite Research, 2023-07-24)
The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest ...
Is Maldives going down Sri Lanka's path?: Maldives is increasingly finding it difficult to cover recurrent expenditure
(Colombo: Verite Research, 2023-08-17)
Since 1983, Sri Lanka has faced the continuous challenge of its revenue falling short of covering recurrent expenditure. Subsequently, when looking at Maldives’s fiscal performance it seems to echo Sri Lanka’s trajectory. ...
Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959
(2022-06)
Data on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards.
The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half ...