Econ: Recent submissions
Now showing items 101-120 of 256
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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 ... -
Sri Lanka met 29 IMF commitments and failed 3 by end-May
(Colombo: Verite Research, 2023-06-19)Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023. Two of the failed commitments relate to revenue. The first is to ... -
CBSL more Optimistic than the IMF
(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) ... -
Defence Sector Claims Nearly Half of State Salaries
(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 ... -
Sri Lanka failed 2 IMF commitments and met 25 by end-April
(Colombo: Verite Research, 2023-05-23)By the end April 2023, Sri Lanka had fulfilled 25% of its trackable commitments under the IMF program. Sri Lanka fell short on two commitments that were expected to be fulfilled by April 2023. The first of these is related ... -
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. -
Sri Lanka's Unique Revenue Problem
(Colombo: Verite Research, 2023-04-28)Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship. For example, Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000. By 2020, tax to GDP had risen to just ... -
Sri Lanka met 25% of IMF commitments and failed 1 by March
(Colombo: Verite Research, 2023-04-21)Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one. Many of the commitments met were classified as “prior ... -
The Cost of a Kevili Table in 2023
(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. -
How Long Did Sri Lanka Take to Secure its Board Level Agreement
(Colombo: Verite Research, 2023-03-21)Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in reaching an agreement with the International Monetary Fund (IMF) causing worry among investors and policymakers alike. In this ... -
How Committed was the Sri Lankan Government to Implementing its Crisis-Response Policies
(Colombo: Verite Research, 2023-03-17)This set of infographics depict the government's response to the economic crisis in Sri Lanka. 15 cabinet decisions and parliamentary proposals were tracked that focused on health, agriculture and fuel. Of the total, ... -
The Cost of Inflation: Sustaining 2015 Consumption in 2023
(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 ... -
International Women's Day
(Colombo: Verite Research, 2023-03-08)In Sri Lanka women are half as likely to enter the labour market, and twice as likely to be unemployed than men. 82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven times the ... -
Government Revenue Loss due to the Sugar Tax Cut
(Colombo: Verite Research, 2023-03-07)The Special Commodity Levy (SCL) on imported sugar was reduced from LKR 50/kg to LKR 0.25/kg on the 13th of October 2020. This was intended to reduce the price of sugar in the domestic market. The cumulative loss of ... -
Change in Tariffs on Monthly Electricity Consumption
(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 ... -
Sri Lanka vs. IMF Programme Targets
(Colombo: Verite Research, 2023-01-13)Sri Lanka is currently entering its 17th IMF programme with the impending board level agreement. However, over the 54-year period from 1965 to 2019, Sri Lanka has been in an IMF programme for 28 of those years. In other ... -
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 ... -
Sri Lanka’s Annual Average Sovereign Foreign Debt Repayments Amount to USD 4.4 bn from 2022 to 2027
(2022-09-21)The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2021 and the projected foreign debt service payments from 2022 to 2027.The breakdown of foreign debt ... -
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 ... -
Financing of the Budget Deficit, 2010 to 2022
(2021-11-23)The following infographic depicts the financing of the budget deficit from 2010 to 2022 estimates as presented in the 2022 budget.