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Average Time Taken to Restructure Debt
(2022-06)
A country resorts to debt restructuring when its public debt is unsustainable. Debt restructuring involves a substantive default on existing debt contracts. This can occur through an orderly or disorderly process. An orderly ...
Interest payments weigh heaviest in 2022!
(Colombo: Verite Research, 2023-07-24)
The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest ...
Tax on Sanitary Napkins
(Verité Research, 2022-07-20)
On the 31st of May 2022 the general customs duty on sanitary napkins were removed and VAT rate was increased from 8% to 12%. The revision resulted in the total tax rate on sanitary napkins falling to 42.8% from 53.6%. ...
Share of Foreign debt has increased to 47% of total debt by April 2022
(Verité Research, 2022-08-16)
Foreign debt as a percentage of total outstanding government debt increased from 37% at the end of 2021 to 47% in the first quarter of 2022. On average for the past decade domestic debt has accounted for 56% and foreign ...
Sri Lanka met 25% of IMF commitments and failed 1 by March
(Colombo: Verite Research, 2023-04-21)
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one. Many of the commitments met were classified as “prior ...
Sri Lanka's Government Revenue in 2021 Covered Only 41% of Expenditure
(Verité Research, 2022-09-07)
Government revenue in 2021 was only 41% of its expenditure, which was inadequate to cover even its recurrent expenditure. It falls short of the two largest recurrent expenditure components cumulatively - salaries & wages, ...
International Women's Day
(Colombo: Verite Research, 2023-03-08)
In Sri Lanka women are half as likely to enter the labour market, and twice as likely to be unemployed than men. 82% of the unemployment for women comes from between the ages of 20 and 40. This is almost seven times the ...
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
(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.
How Committed was the Sri Lankan Government to Implementing its Crisis-Response Policies
(Colombo: Verite Research, 2023-03-17)
This set of infographics depict the government's response to the economic crisis in Sri Lanka. 15 cabinet decisions and parliamentary proposals were tracked that focused on health, agriculture and fuel. Of the total, ...
Sri Lanka met 35 IMF commitments and failed 7 by end-July
(Colombo: Verite Research, 2023-08-22)
The share of Sri Lanka’s 100 trackable commitments in the International Monetary Fund (IMF) programme for which no data has been made available to assess progress — despite passing the agreed deadline — has increased from ...