Now showing items 21-40 of 128

    • Sri Lanka Has The Highest Inflation Amongst South Asia Peers 

      Econ Team (Colombo: Verite Research, 2022-04-26)
      Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other ...
    • A Sri Lankan Household Spends 24% of Average Monthly Expenditure for One Full Tank of Petrol 

      Public Finance Infographics;
      Econ Team
      (2022-05)
      Sri Lanka's fuel prices increased rapidly within the last few months, even though the Government representatives stated that Sri Lanka still had the lowest fuel prices in the region. However, with the latest fuel prices ...
    • Sri Lanka Ports Authority – A Profitable SOE 

      Public Finance Infographics;
      Econ Team
      (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 ...
    • Sri Lanka’s Fitch Credit Rating Has Been Downgraded 7 Times During the Last 7 years (May 2015 – May 2022) 

      Public Finance Infographics;
      Econ Team
      (2022-05)
      Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade ...
    • 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 ...
    • Syndicated Surveys: Mood of the Nation Round 02 2022 - Executive Presidency 

      Econ Team (Verité Research, 2022-06)
      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 ...
    • Supplementary Estimate 2022: What it Entails and Its Impact on the Budget Balance 

      Public Finance Infographics;
      Econ Team
      (2022-06)
      Supplementary Estimates are made when the government needs to spend money for which it has not received parliamentary approval. Such provisions are intended to be utilized for urgent and unforeseen expenditure. On 8th June ...
    • Syndicated Surveys: Mood of the Nation - Round 02 2022 

      Econ Team (Verité Research, 2022-06)
      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 ...
    • Average Time Taken to Restructure Debt 

      Public Finance Infographics;
      Econ Team
      (2022-06)
      A country resorts to debt restructuring when its public debt is unsustainable. Debt restructuring involves a substantive default on existing debt contracts. This can occur through an orderly or disorderly process. An orderly ...
    • Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959 

      Public Finance Infographics;
      Econ Team
      (2022-06)
      Data on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards. The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half ...
    • Addressing the Gender Gap in Sri Lanka's budget 

      Raji, Yasmin; Samarasinha, Dharini (Colombo Verité Research, 2022-07)
      These infographics highlight the failure of the Sri Lankan government in implementing gender responsive budgeting in Sri Lanka. The case of gender KPIs provides a detailed case study of how poor planning of government ...
    • 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, ...