Research Outputs: Recent submissions
Now showing items 281-300 of 2239
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Budget 2024 - Committee Stage Debate - Health
(Manthri.lk, 2023-12-05)On November 30, 2023, during the 8th day of the Budget 2024 committee stage debate, the Heads pertaining to the Ministry of Health were passed. This infographic further highlights key takeaways from Minister Ramesh Pathirana's ... -
Will the budget's veil of secrecy be lifted in 2024?
(Colombo: Verite Research, 2023-11-01)The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research. The government – on ... -
Sri Lanka's best kept secret
(Colombo: Verite Research, 2023-11-01)The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with ... -
Where's the promised land?
(Colombo: Verite Research, 2023-11-01)Land access has been identified as a crucial barrier which inhibits foreign direct investment (FDI) in Sri Lanka. Investment zones, primarily Export Processing Zones (EPZs), are significantly influential in attracting FDI ... -
Public Debt Increases in Dollar Value While Decreasing in Rupee Value
(Colombo: Verite Research, 2023-12-19)According to recent data published by the Ministry of Finance, public debt in dollar terms fell from USD 97 Bn (end 2021) to USD 85 Bn (end 2022), however rose again to USD 91 Bn by September 2023. The debt stock in ... -
Sri Lanka met 41 IMF commitments and failed 11 by end-Oct
(Colombo: Verite Research, 2023-11-17)Sri Lanka verifiably met 41 of the 73 trackable commitments that were due for completion by end-October 2023 in its ongoing programme with the International Monetary Fund (IMF), according to the latest update from ‘IMF ... -
Sectoral Allocations: Budget 2024
(Colombo: Verite Research, 2023-11-13)This series of infographics contains sectoral allocations from Budget 2024. Allocations to Finance, Defence and Health were among the highest. -
Summary: Budget 2024
(Colombo: Verite Research, 2023-11-13)Budget 2024 expects budget deficit for the year 2024 to increase by 19%. -
Fiscal Targets: Budget 2024
(Colombo: Verite Research, 2023-11-13)Projections in Budget 2024 expect revenue to be 13.1% of GDP in 2024. -
Expected GDP Outcomes: Budget 2024
(Colombo: Verite Research, 2023-11-13)The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections. -
Violation of Fiscal Rules: Budget 2024
(Colombo: Verite Research, 2023-11-13)The proposed 2024 budget violates the deficit rule set in the Fiscal Management (Responsibility) Law of 5% of GDP. -
Expenditure Proposals: Budget 2024
(Colombo: Verite Research, 2023-11-13)The highest expenditure proposal from the 2024 Budget amounted to LKR 11,250 million for a decentralized budget programme. The list of infographics displays the highest expenditure proposals from the 2024 Budget. -
VAT to reach 20 year high from January
(Colombo: Verite Research, 2023-11-01)Initially introduced in 2002, the VAT comprised two tiers: a 10% rate applicable to certain goods and services, and a 20% rate for others. However, in 2004, these rates were unified to a 15% rate, which was officially ... -
IMF programme’s transparency falls to lowest point in September
(Colombo: Verite Research, 2023-10-19)The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably ... -
Changes in Allocations to Ministries
(Colombo: Verite Research, 2023-10-13)In the Appropriation Bill for 2024, key ministries such as Finance, Defense, Health, Education, Transport, and Highways witness an increase in their allocations. The Ministry of Finance experienced the largest year on ... -
Sri Lanka to be Saddled with High Interest Bill in 2024
(Colombo: Verite Research, 2023-10-09)The Appropriation Bill for Budget 2024 indicates an increase in allocated expenditure from LKR 5854 bn in 2023 to LKR 6563 bn in 2024. Interest payments saw a 20 percent rise, from LKR 2189 bn in 2023 to LKR 2634 bn. In ... -
Budget Allocation Criteria Study
(Colombo: United Nations Children's Fund, 2023-06-21)The Budget Allocation Criteria report aims to enhance the understanding of the criteria that determine the allocation of funds from the national budget to selected sectors and provinces in Sri Lanka. The report provides ... -
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. -
The Problem with Procurement
(Colombo: Verite Research, 2023-10-04)Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public procurement contracts through an online fiscal transparency platform. The online transparency platform was to be operational by March 2023, but the ... -
Total and primary deficits run in opposite directions
(Colombo: Verite Research, 2023-09-22)The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant ...