Browsing Econ by Title

Sri Lanka’s Imports Were 4% Higher in 2021 When Compared to 2019

Public Finance Infographics;
Econ Team (Colombo: Verite Research, 2022-03-03)

Sri Lanka’s Imports have grown by 4%, (USD 700 Million) from 2019 to 2021. One of the main contributors for this growth is the increase in the Medical and Pharmaceuticals imports by 60% which amounts to USD 330 Million. ...

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 ...

Sri Lanka’s Short-Term Outflows Exceed Usable Reserves

Public Finance Infographics;
Econ Team (Colombo: Verite Research, 2022-02-15)

Sri Lanka’s gross official reserves have been consistently declining since June 2019 and as of January 2022, usable foreign exchange reserves stand at USD 792 Mn, while the twelve-month outflows at end of 2021 stand at USD ...

State of the Budget Report 2022: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Government’s Policy

De Silva, Dinuk; Mubarak, Faiq; Musammil, Miflal; Siyambalapitiya, Sumini; Randeniya, Ishini; Samarasinghe, Dharini (Colombo: Verite Research, 2022-03)

This is the second report in a series of two reports on Sri Lanka's central government budget for the year 2022. The report assesses whether the expenditure allocations and taxation policies are in line with the government's ...

State-Owned Enterprise Reforms in Sri Lanka: The Way Forward

Knight, Malathy; Guruge, Aneesha; Cham, Maria Rowena (Manila : Asian Development Bank Institute, 2017-10)

The authors provide a comprehensive analysis of Sri Lanka’s extensive SOE sector. The sector has witnessed episodes of nationalization and privatization and has been subject to varied degrees of competition. Yet, despite ...

"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution

de Mel, Nishan (Colombo: Daily Mirror, 2023-11-09)

On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ...

Summary of the Budget 2023

Public Finance Infographics;
Econ Team (Colombo: Verite Research, 2022-11-15)

Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit.

Summary: Budget 2024

Public Finance Infographics;
Econ Team (Colombo: Verite Research, 2023-11-13)

Budget 2024 expects budget deficit for the year 2024 to increase by 19%.

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: Easter Sunday Attacks (October 2023)

Econ Team (2023-11)

More than half the Sri Lankan population – 53% – believes local political forces were involved in the Easter Sunday attacks carried out in 2019, according to a survey commissioned in October by Syndicated Surveys. 53% ...

Syndicated Surveys: Mood of the Nation - February 2024 (Round 07)

Econ Team (Colombo: Verite Research, 2024-03)

Approval of government falls to 7% in February, latest Mood of the Nation Survey shows increase in negative outlook. The survey showed that only 9% rated the current economic conditions as either excellent or good, which ...

Syndicated Surveys: Mood of the Nation - October 2023 (Round 06)

Econ Team (Verité Research, 2023-11-06)

Syndicated Surveys by Verité Research gauges 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 one ...