Browsing Infographics by Subject "Economics - Public finance"
Now showing items 1-12 of 12
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2023 government expenditure surge matches the increase in interest payments
(Colombo: Verite Research, 2024-06-26)Government spending increased by 20% in 2023, reaching LKR 5,357 billion, up from LKR 4,473 billion in 2022. This LKR 884 billion increase was primarily due to an LKR 890 billion rise in interest payments. In contrast, ... -
Budget performance 2023 - Expenditure: Limit overshot by LKR 104 billion
(Colombo: Verite Research, 2024)The Ministry of Finance Annual Report, released on 31st May 2024, shows that in 2023, the Government of Sri Lanka exceeded its total expenditure by LKR 104 billion. The total expenditure budgeted based on the government’s ... -
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 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 ... -
Petrol and Diesel Market Prices vs. Formula Price in November
(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
(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)
(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)
(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 ... -
Sanitary napkins: Subjected to unreasonably high taxes
(Colombo: Verité Research, 2024-03)The total tax burden on Sanitary napkins in 2024 is 47.1%, this is significantly higher than the tax burden of selected non-essentials items, gold jewellery, raw silk, golf clubs and golf balls and military artillery weapons. -
Sri Lanka's government education expenditure is the lowest in South Asia
(Colombo: Verité Research, 2024-10)In 2022, Sri Lanka’s government, both provincial and central, dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for ... -
Sri Lanka’s government education expenditure is the world’s third lowest
(Colombo: Verité Research, 2024-10)In 2022, Sri Lanka’s government, both provincial and central, allocated only 1.5 percent of GDP on all levels (including primary, secondary, and tertiary levels). This placed Sri Lanka as the third-lowest country in the ... -
Where do 92 Octane and Auto Diesel stand after the recent price reduction? (June 2024)
(Colombo: Verite Research, 2024-06-14)On 31 May 2024, fuel prices in Sri Lanka were reduced. The price of 92-octane petrol was lowered by LKR 13, bringing it to LKR 355 per litre, while Auto diesel saw a reduction of LKR 16, lowering the price to LKR 317 per ...