Browsing Infographics by Title

Now showing items 121-128 of 128

    • VAT to reach 20 year high from January 

      Public Finance Infographics;
      Econ Team       (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 ...

    • Violation of Fiscal Rules: Budget 2024 

      Public Finance Infographics;
      Econ Team       (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.

    • What Caused the Rise in Tax Revenue from 2021 to 2022? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-06-30)
      In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A closer examination of the revenue breakdown reveals that a ...

    • Where's the promised land? 

      Econ Team (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 ...

    • Why did Sri Lanka fall short of revised 2022 tax revenue target? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-07-20)
      Sri Lanka missed its tax revenue target in 2022, falling short by Rs 101 bn. Prioritizing fiscal consolidation has been given greater importance as part of the current IMF program. A series of budget deficits, excessive ...

    • Will the budget's veil of secrecy be lifted in 2024? 

      Econ Team (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 ...

    • Will the Increase in Cigarette Taxes Meet Budgeted Revenue? 

      Public Finance Infographics;
      Econ Team       (Colombo: Verite Research, 2023-01-05)
      On January 1st, 2023, the government decided to raise the excise taxes on cigarettes by 20%. The increase affected various sizes of cigarettes differently, with the smallest size (no larger than 60mm) seeing a tax increase ...

    • Will the Increase in Cigarette Taxes Meet Budgeted Revenue? 

      Team, Economics (Colombo: Verite Research, 2023-01-05)
      This infographic outlines the fact that, though there was an increase in excise taxes on tobacco at the start of January in 2023, this will still not help Sri Lanka reach its revenue target for the year.