Browsing Infographics by Title
Now showing items 36-55 of 163
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Gazetted Taxes are 4.3ppt to 15.4ppt of Income Higher than Proposals Affirmed in the Interim Budget
(Colombo: Verite Research, 2022-10-24)The infographics provide details on how the recent personal income tax changes will affect the amount of personal income tax paid by an individual. -
Government Deficit Has Decreased By Rs. 32 Billion from the Years 2020 to 2021
(2022-09-20)The recently released figures for 2021 show that government revenue has fallen from 9.2% of GDP in 2020 to 8.7% of GDP in 2021. Meanwhile, government expenditure has decreased from 23.0% of GDP in 2020 to 21.0% of GDP in ... -
Government Expenditure from 2012-2021
(Verité Research, 2022-07-26)Government Expenditure increased by 126% over the past decade. Expenditure increase by LKR 59 BN in 2021. -
Government Revenue and Grants Over The Past Decade
(Verité Research, 2022-07-12)Revenue and Grants declined by LKR 91 BN from 2020 to 2021. -
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 ... -
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
(2022-01-10)On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread ... -
High tax rate, low tax revenue: Sri Lanka’s corporate income tax (CIT) rate was among South Asia's highest but CIT revenue was among the lowest
(Colombo: Verité Research, 2024-11-29)Sri Lanka's Corporate Income Tax (CIT) collection is notably lower than other South Asian countries, despite having a higher tax rate. In 2023, Sri Lanka’s CIT revenue was 2.0% of GDP, with a CIT rate of 30%. In contrast, ... -
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 ... -
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. -
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, ... -
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. -
How did the government finance its expenditure in 2023?
(Colombo: Verite Research, 2024-05-27)The 2023 fiscal numbers, recently released through the Central Bank of Sri Lanka's Annual Economic Review, reveal that the Government of Sri Lanka's total expenditure for 2023 was LKR 5,357 billion. A significant portion ... -
How did the government finance its expenditures in 2021?
(Verité Research, 2022-07-06)The infographics provides details on government expenditure and the ways in which it was financed in 2021. -
How did the government revenue rise by 53% in 2023?
(Colombo: Verite Research, 2024-06-03)The Central Bank's Annual Economic Review for 2023 shows that government revenue increased significantly by 53% (LKR 1,062 billion) compared to 2022. This growth was driven by a broad range of taxes, with VAT contributing ... -
How has the Amended (Interim) Budget Changed Allocations for 2022?
(Colombo: Verite Research, 2022-10-05)The infographics contain the difference in allocations between the interim budget and the approved budget in 2022. Defence, health and education saw a rise in approved budget allocations compared to the interim. -
How is the election budget spent? Half the cost in 2020 was voted to pay the workforce
(Colombo: Verité Research, 2024-11-12)The General Election is approaching, and the government expects to spend LKR 11 billion. This includes LKR 5 billion from the consolidated fund for 2024, with the remaining LKR 6 billion to be charged in next year's budget. ... -
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 much Does Sri Lanka Allocate for the Defense Sector ?
(Colombo: Verite Research, 2022-02-03)The allocation for the Ministry of Defense is significantly higher than the allocation for Ministry of Health over the years in Sri Lanka. Over the last two years allocation for Ministry Defense has been more than doubled. ... -
The IDC is Advocating for more Accountability from Private Lenders to Ease the Debt Burden of Developing Nations
(Colombo: Verite Research, 2023-03-15)The International Development Committee is advocating for mandatory participation of private creditors in debt relief schemes for impoverished nations. Developing nations have accrued higher debts than before to private ... -
IMD Programme: Performance Evaluation - April 2024 - 30% of Commitments Not Met
(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 ...