Browsing Infographics by Title

Now showing items 92-111 of 189

    • Personal Income Tax (PIT): SL has the highest income tax rate at a lower income level in South Asia 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2024)
      Sri Lanka imposes its highest tax rate at a relatively lower income threshold compared to other South Asian countries. Individuals earning over LKR 308,333 per month are subject to a steep 36% tax rate, making Sri Lanka ...

    • Personal Income Tax (PIT): SL has the highest level of income with zero tax in South Asia 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2024)
      Sri Lanka has the highest tax-free income threshold in South Asia – without the Maldives. Citizens are exempt from paying income tax unless they earn over LKR 1.2 million annually (LKR 100,000 per month). In comparison, ...

    • Personal income tax (PIT): SL’s tax burden is less at lower incomes but more at high incomes compared to South Asia 

      Econ Team (Colombo: Verite Research, 2024)
      Sri Lanka's personal income tax burden varies significantly between lower and higher income levels. At lower incomes, particularly for those earning below LKR 250,000 per month, the tax burden—measured as the percentage ...

    • Petrol and Diesel Market Price vs. Formula Price in April 2025 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2025-04-02)
      In April 2025, the market price of Petrol 92 Octane reduced by LKR 10 aligning itself to the reduction in the cost reflective formula price. The price of Auto Diesel, however, did not reduce even though the formula price ...

    • Petrol and Diesel Market Price vs. Formula Price in January 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2025-01-29)
      On 01 January 2025, the market prices of 92-octane petrol and auto diesel remained unchanged. However, the Public Finance Fuel Price Tracker indicates that both fuel types continue to be priced above their respective formula ...

    • Petrol and Diesel Market Price vs. Formula Price in June 2025 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2025-06-04)
      Fuel prices remained unchanged in June 2025, with the market price of Octane 92 petrol at LKR 293.00 and auto diesel at LKR 274.00. However, the formula price has dropped for both petrol and diesel. The market price of ...

    • Petrol and Diesel Market Price vs. Formula Price in March 2025 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2025-03-05)
      Since December 2024, the market prices of 92-octane petrol and auto diesel have remained at LKR 309 and LKR 286 per litre, respectively, despite fluctuations in formula prices between January 2025 and March 2025. According ...

    • Petrol and Diesel Market Price vs. Formula Price in May 2025 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2025-05-03)
      In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive ...

    • Petrol and Diesel Market Prices vs. Formula Price in November 

      Econ Team (Colombo: Verité Research, 2024-11)
      Following the monthly fuel price revision on 01 November 2024, the market price of 92 octane petrol and the market price of auto diesel remained unchanged. However, the cost-reflective fuel formula prices for 92 octane ...

    • Petrol and Diesel Market Prices vs. Formula Price in October 

      Econ Team (Colombo: Verite Research, 2024)
      Following the monthly fuel price revision for October, the market price of 92-octane petrol is LKR 10 above the fuel price formula, and the market price of Auto diesel is LKR 22 above the fuel price formula, as shown by ...

    • Petrol and Diesel vs. fuel price formula in July (2024) 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2024-07-03)
      Following the monthly fuel price revision for July, the market price of 92-octane petrol is LKR 16.67 above the fuel price formula, and the market price of Auto diesel is LKR 21.68 above the fuel price formula, as shown ...

    • The Price of Parliament (2022) 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2024-11)
      In 2022, the most recent year with detailed data, Sri Lanka spent LKR 3,248 million on operating its parliament, amounting to an average of LKR 32.2 million per sitting. This expenditure is divided across the subsections ...

    • Primary and Budget Balances move in opposite directions as interest payments increase! 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2024-01)
      The Fiscal Management Report 2024 published by the Ministry of Finance, shows that the Primary Balance improved from LKR -317 Bn in 3rd quarter 2022 to a positive LKR 124 Bn in 3rd quarter 2023. The Budget Deficit, however, ...

    • The Problem with Procurement 

      Public Finance Infographics;
      Econ Team       (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 ...

    • Proposed 13% primary expenditure rule for Sri Lanka departs from economic theory and practice 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2024-07-24)
      The government of Sri Lanka gazetted the Public Financial Management (PFM) Bill to enhance transparency, accountability, and control of public funds. A key provision of the bill is the establishment of a limit on government ...

    • Provincial Council Receipts and Expenditure in 2020 

      Public Finance Infographics;
      Econ Team       (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 growth slows 

      Public Finance Infographics;
      Econ Team       (Colombo: Verité Research, 2024)
      Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign debt increased, the growth was notably lower than in the previous year.

    • Public Debt Increases in Dollar Value While Decreasing in Rupee Value 

      Public Finance Infographics;
      Econ Team       (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 2022 Budget: Assessment of the Fiscal, Financial and Economic Assumptions used in the Budget Estimates - Infographics 

      de Silva, Dinuk; Mubarak, Faiq; Musammil, Miflal; Hanifa, Hafsa; Siyambalapitiya, Sumini (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 ...

    • Reallocation of Funds Can Help Finance an Election 

      Public Finance Infographics;
      Econ Team       (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 ...