Now showing items 21-40 of 116

    • How did the government finance its expenditures in 2021? 

      Ishini, Randeniya (Verité Research, 2022-07-06)
      The infographics provides details on government expenditure and the ways in which it was financed in 2021.​
    • Government Revenue and Grants Over The Past Decade​ 

      Ravindu, De Silva (Verité Research, 2022-07-12)
      Revenue and Grants declined by LKR 91 BN from 2020 to 2021.​
    • Tax on Sanitary Napkins 

      Hafsa, Haniffa (Verité Research, 2022-07-20)
      On the 31st of May 2022 the general customs duty on sanitary napkins were removed and VAT rate was increased from 8% to 12%. The revision resulted in the total tax rate on sanitary napkins falling to 42.8% from 53.6%. ...
    • Government Expenditure from 2012-2021 

      Ravindu, De Silva (Verité Research, 2022-07-26)
      Government Expenditure increased by 126% over the past decade. Expenditure increase by LKR 59 BN in 2021.
    • Amendments to the Appropriation Bill Increases Government Expenditure for 2022 

      Raj Prabu, Rajakulendran (Verité Research, 2022-08-04)
      The Amendment to the Appropriation Bill for 2022 was presented to Parliament ahead of the interim budget speech. The amended bill shows a 20% increase in expenditure to LKR 4,672 billion for the year 2022 which could widen ...
    • Changes in Tax Structure Leads to Shrinking Tax Base across Various Taxes 

      Raj Prabu, Rajakulendran (Verité Research, 2022-08-06)
      Sri Lanka experienced a significant change in its tax system for the year 2020. These changes have led to a considerable shrinking in Sri Lanka’s tax base across various taxes. A narrow tax base increases tax administration ...
    • Total SOE Losses in the first four months of 2022 Outweigh Annual Losses in 2021 

      Raj Prabu, Rajakulendran (Verité Research, 2022-08-09)
      During the first four months of 2022 the cumulative loss of State-Owned Enterprises (SOEs) amounted to LKR 860 BN. This figure outweighs the annual loss of SOEs in 2021. The top 3 contributors to the increase of the loss ...
    • Share of Foreign debt has increased to 47% of total debt by April 2022​ 

      Raj Prabu, Rajakulendran (Verité Research, 2022-08-16)
      Foreign debt as a percentage of total outstanding government debt increased from 37% at the end of 2021 to 47% in the first quarter of 2022. On average for the past decade domestic debt has accounted for 56% and foreign ...
    • Sri Lanka's Government Revenue in 2021 Covered Only 41% of Expenditure 

      Raj Prabu, Rajakulendran (Verité Research, 2022-09-07)
      Government revenue in 2021 was only 41% of its expenditure, which was inadequate to cover even its recurrent expenditure. It falls short of the two largest recurrent expenditure components cumulatively - salaries & wages, ...
    • Flow of External Loans to Sri Lanka 

      Raj Prabu, Rajakulendran (Verité Research, 2022-09-14)
      For the past five years (2017-2021) China has been the largest bilateral lender to Sri Lanka. In 2021, China disbursed a total of USD 947 MN, out of which USD 809 MN was obtained as market borrowings from the China Development ...
    • Government Deficit Has Decreased By Rs. 32 Billion from the Years 2020 to 2021 

      Ravindu, De Silva (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 ...
    • Sri Lanka’s Annual Average Sovereign Foreign Debt Repayments Amount to USD 4.4 bn from 2022 to 2027 

      Public Finance Infographics;
      Econ Team
      (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 ...
    • Sri Lanka’s Annual Average Sovereign Foreign Debt Repayments Amount to USD 4.4 bn from 2022 to 2027 

      Ravindu, De Silva (Verité Research, 2022-09-21)
      Sri Lanka's revenue has been insufficient to cover its recurrent expenditure since 1983. The gap between recurrent expenditure and capital expenditure in the country continues to grow, proving to be difficult to reduce, ...
    • Syndicated Surveys: Mood of the Nation - Round 03 2022 

      Amarasekara, Pumudika (Verité Research, 2022-10)
      Syndicated Surveys by Verité Research which gauge public sentiment on Sri Lankans' various social and political viewpoints. The data is collected through a telephone interview and a nationwide randomised sample of around ...
    • How has the Amended (Interim) Budget Changed Allocations for 2022? 

      Public Finance Infographics;
      Team, Economics
      (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.
    • Gazetted Taxes are 4.3ppt to 15.4ppt of Income Higher than Proposals Affirmed in the Interim Budget 

      Public Finance Infographics;
      Econ Team
      (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.
    • Highlights from the Appropriation Bill for 2023 

      Public Finance Infographics;
      Econ Team
      (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 ...
    • Expected GDP Outcomes - Budget 2023 

      Public Finance Infographics;
      Econ Team
      (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 

      Public Finance Infographics;
      Econ Team
      (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.
    • Expenditure Proposals from the 2023 Budget 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verite Research, 2022-11-15)
      The infographics contain some of the key expenditure proposals presented in the 2023 Budget.