Econ: Recent submissions

Now showing items 1-20 of 236

    • 30% of IMF Programme Commitments Due in April Not Met 

      Public Finance Infographics;
      Econ Team       (2024-05-16)
      By the end of April 2024, Sri Lanka has not met 30% of its due commitments, which translates to a total of 19 unfulfilled obligations. The majority of these unmet commitments pertain to enhancing transparency and enacting ...

    • The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka 

      Peiris, Udara (Colombo: DailyFT, Colombo: Daily Mirror, Online: International Banker, 2023-04-27)
      The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short ...

    • Why Tracking the IMF Programme Implementation is of Public Interest 

      de Mel, Nishan; Rajkulendran, Raj Prabu (Colombo: Daily Mirror, 2023-05-25)
      As Sri Lanka enters its 17th International Monetary Fund (IMF) programme, a critical question remains. Will the country break from the past patterns of inconsistency and failure in following the plan it lays out with the ...

    • ETCA With India: Time to Shift Focus From Market Integration to Supply Chain Integration 

      Abeysinghe, Subhashini; Arangala, Mathisha (Colombo: Daily Mirror, 2023-04-27)
      This article looks at; 1) what are global supply chains and why do they matter; 2) how new trade deals are focusing more on supply chain resilience than market access; 3) how current trade deals with India are focused on ...

    • Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy 

      Econ Team (Colombo: Verité Research, 2021-03)
      This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are ...

    • Budget Promises: Beyond Parliament - 2020 End Year Assessment 

      Econ Team (Colombo: Verite Research, 2021-10)
      Due to the absence of a budget speech in 2020, the public finance platform tracked 24 cabinet decisions—a combination of expenditure and regulatory policy decisions—made from January to June 2020. The decisions tracked ...

    • Over Estimation of Social Security Contribution 

      Public Finance Infographics;
      Econ Team       (2021-12-10)
      Budget 2022 proposed a Social Security Contribution (SSC) tax to rebuild the Sri Lankas Economy from the COVID- 19 pandemic. SSC is charged at 2.5% on an annual turnover exceeding LKR 120 million. This tax is proposed to ...

    • Sources of Financing for Top 5 Ministries That Received the Highest Allocation in the 2022 Budget 

      Public Finance Infographics;
      Econ Team       (2022-01-25)
      Based on the 2022 approved Budget estimates in 2020, 87% of government expenditure was financed via domestic sources and 13% was financed via foreign sources. In 2021 91% of expenditure is estimated to be financed domestically ...

    • Relief Package: What it Entails and How Will it be Financed? 

      Public Finance Infographics;
      Econ Team       (2022-02-01)
      In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts ...

    • How much Does Sri Lanka Allocate for the Defense Sector ? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-02-03)
      The allocation for the Ministry of Defense is significantly higher than the allocation for Ministry of Health over the years in Sri Lanka. Over the last two years allocation for Ministry Defense has been more than doubled. ...

    • Ownership of Sri Lanka’s Outstanding Foreign Debt in 2020 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-02-15)
      Sri Lanka owes approximately 40% of its total central government debt to foreign creditors in the form of bilateral debt, multilateral debt and financial markets. The infographic shows the distribution of ownership of the ...

    • 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 ...

    • 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. ...

    • Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-03-10)
      Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have ...

    • Shrinking Tax Base Increases Tax Burden on Existing Taxpayers 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-03-30)
      The income tax per person is calculated as the total government revenue from income tax (including PAYE) divided by the total registered taxpayers for income tax which includes Individual Tax Payers and Employees paying ...

    • 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 ...

    • Verité Research Debt Update - December 2023 

      Debt Update;Issue 04
      de Mel, Nishan; Peiris, Udara       (Colombo: Verite Research, 2023-12-01)
      This issue provides coverage on Sri Lanka’s debt restructuring and progress on the IMF program. This issue also includes analysis on the 2024 Budget and the need for improved governance for sustainable economic recovery. ...

    • Verité Research Debt Update - May 2023 

      Debt Update;Issue 03
      de Mel, Nishan; Peiris, Udara       (Colombo: Verite Research, 2023-05-17)
      This issue provides coverage and analysis of the IMF Debt Sustainability Analysis (DSA) and Sri Lanka’s progress on the 100 commitments outlined in the IMF program. The key developments identified were; 1) The IMF Debt ...

    • Verité Research Debt Update - March 2023 

      Debt update;Issue 02
      de Mel, Nishan; Peiris, Udara       (Colombo: Verite Research, 2023-03-17)
      This issue provides coverage and analysis on the usability of the IMF financing and the volatility of the exchange rate. These are the key developments identified; 1) Sri Lanka is expected to reach board level agreement ...

    • Composition of Sri Lanka's Gross Official Reserves 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2022-04-05)
      The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is ...