Browsing FactCheck by Title
Now showing items 43-62 of 227
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Dayasiri Jayasekara: Industrial GDP
(www.factcheck.lk , 3/31/2022)FALSE: Industrial sector is in a huge crisis at present, every government after 77’ is responsible for this.... The industrial sector which was at all times 54%, reduced to 27%. – Dayasiri Jayasekara, Ada Derana, 04 February 2022. -
Dayasiri Jayasekara: Tourism earnings
(www.factcheck.lk, 7/29/2021)TRUE: The tourism industry has collapsed completely following the Easter Sunday attacks and following this COVID-19 pandemic. Due to the collapse of the tourism industry, we have lost USD 5 billion per year that the country ... -
Dinesh Gunawardena: Foreign Remittances
(www.factcheck.lk, 6/18/2020)TRUE: In 2018 the income the country received from overseas workers was about USD 7 billion. That was 7.9% of that year’s GDP. - Dinesh Gunawardena, Divaina, 9 June 2020 -
Dinesh Gunawardena: IDP Resettlement
(www.factcheck.lk, 3/25/2020)PARTLY TRUE: “Sri Lanka also made significant progress in the resettlement of over 440,000 IDPs … presently it has risen to 93.76%.” - Dinesh Gunawardena, Daily FT, 28 February 2020 -
Dr. Nandalal Weerasinghe: IMF
(www.factcheck.lk , 6/16/2022)TRUE: An Extended Fund Facility (EFF) - which allows longer repayment periods - may be best suited to the country, it typically requires deeper structural reforms. Nandalal Weerasinghe, Daily News, 19 April 2022. -
Dr. P.K.G Harishchandra: Reserves
(www.factcheck.lk, 2024-02-29)PARTLY TRUE: “[…] We've been able to build up reserves to 4.4 billion by the end of last year.” Assistant Governor Central Bank of Sri Lanka (CBSL) P. K. G. Harischandra, CBSL Monetary Policy Review No. 01 of 2024, 23 ... -
Dullas Alahapperuma: Forex Earnings
(www.factcheck.lk, 5/7/2021)PARTLY TRUE: The largest foreign exchange earners contributing USD 7 billion to the economy of this country are the women of our country who perform drudgery in the Middle East. Number two is the apparel industry. USD 5.6 ... -
Dullas Alahapperuma: IMF
(www.factcheck.lk , 2/17/2022)TRUE: It was in 1950 that we entered into an agreement with the IMF to obtain its membership. As a member country, from 1960 until now, we have carried out certain transactions with the IMF on 16 occasions. I recall that ... -
Eran Wickramaratne - Ministry of Defence Expenditure
(www.factcheck.lk, 2024-01-26)TRUE: When considering the Ministry of Defence, we spent 7% of the total budget for 2022 on it [Ministry of Defence] ... 60% of that goes to pay wages…Sri Lanka is one out of ten countries that has the greatest number of ... -
Eran Wickramaratne - Passport Ranking
(www.factcheck.lk, 2024-02-22)PARTLY TRUE: [The] Sri Lankan passport [is] …97th among global passports…What does it mean? It means that…you have access to 40 countries without a visa. Sri Lanka has very little access to other countries to get a visa ... -
Eran Wickramaratne - Remittances
(www.factcheck.lk, 10/12/2023)PARTLY TRUE: If we look at remittances, the highest amount of remittances have been received in 2016, 2017, 2018. Thereafter, some arrived in 2020 and after that, it has declined steadily. Remittances peaked at around USD ... -
Eran Wickramaratne: All Borrowings Used to Repay Debt
(www.factcheck.lk, 8/22/2019)PARTLY TRUE: Total borrowings by the Government have been completely used to repay debt. - Eran Wickramaratne, Daily FT, 19 June 2019 -
Eran Wickramaratne: Excise taxes
(www.factcheck.lk, 1/12/2024)PARTLY TRUE: The government, despite taking the path of revenue-based stabilisation, has fallen significantly short of its targets. For instance, excise revenues have fallen short by approximately 43%, with collection at ... -
Eran Wickramaratne: Female Labour Force Participation
(www.factcheck.lk, 10/24/2019)TRUE: Sri Lanka’s Labour Force Participation (LFP) was 36% for women versus 75% for men in 2016, which is the 14th largest gender gap in LFP globally. In 2016, young women have the highest unemployment rate in Sri Lanka; ... -
Eran Wickramaratne: Foreign investment
(www.factcheck.lk, 2/25/2021)TRUE: There has been a big outflow of foreign investment from the stock exchange. In terms of rupee value, Rs. 51 billion outflows was registered in the year 2020… - Eran Wickramaratne, Lanka Business Online, 18 January 2021 -
Eran Wickramaratne: Reserves
(www.factcheck.lk, 2/24/2022)TRUE: Compared to 2019 and 2021, the decrease in foreign reserves is 80% in Sri Lanka. But other countries in the [South Asian] region have seen an escalation of their reserves. - Eran Wickramaratne, Daily FT, 25 January 2022 -
Eran Wickramaratne: Sri Lanka's record cost of interest
(www.factcheck.lk, 9/30/2021)TRUE: 70% of government revenue is spent on interest on loan repayment. Lebanon is the only country in the world that pays higher interest than Sri Lanka as a percentage of national revenue. - Eran Wickramaratne, Daily ... -
Eran Wickramaratne: Tourism Percentage of GDP
(www.factcheck.lk, 7/10/2019)TRUE: Sri Lanka’s tourism sector accounts for 5% of gross domestic product. - Eran Wickramaratne, Dinamina, 22 May 2019 -
G.L. Peiris: Presidential Immunity under 19A
(www.factcheck.lk, 9/16/2020)FALSE: As long as 19A is in force, the president has to waste his time in courts…That is why immunity is needed… - G.L. Peiris, Aruna, 8 September 2020 -
Gamini Lokuge: On the strength of EPF
(www.factcheck.lk, 4/22/2021)FALSE: The Employees Provident Fund has become the strongest fund in Asia today. - Gamini Lokuge, Parliament Hansard, 9 February 2021