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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.
Summary: Budget 2024
(Colombo: Verite Research, 2023-11-13)
Budget 2024 expects budget deficit for the year 2024 to increase by 19%.
Expected GDP Outcomes - Budget 2023
(Colombo: Verite Research, 2022-11-15)
Sri Lanka Budget 2023 expects a 27% year over year increase in nominal GDP, with an increase of LKR 6,519 Bn. from the revised 2022 estimates.
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 ...