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Flow of External Loans to Sri Lanka
(Verité Research, 2022-09-14)
For the past five years (2017-2021) China has been the largest bilateral lender to Sri Lanka. In 2021, China disbursed a total of USD 947 MN, out of which USD 809 MN was obtained as market borrowings from the China Development ...
Syndicated Surveys: Mood of the Nation - Round 05 2023 - IMF Programme
(Verité Research, 2023-06)
Syndicated Surveys by Verité Research which gauge 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 ...
Expenditure on the Education Sector : Regional Comparison
(2022-01-24)
The UN has dedicated the 24th of January as the International Day of Education in celebration of the role of education for peace and development. Sri Lankas’ Education Expenditure has been lagging behind regional peers. ...
Is Maldives going down Sri Lanka's path?: Maldives is increasingly finding it difficult to cover recurrent expenditure
(Colombo: Verite Research, 2023-08-17)
Since 1983, Sri Lanka has faced the continuous challenge of its revenue falling short of covering recurrent expenditure. Subsequently, when looking at Maldives’s fiscal performance it seems to echo Sri Lanka’s trajectory. ...
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 Revenue to GDP Ratio Reaches Its Lowest Level Since 1959
(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 Imports Were 4% Higher in 2021 When Compared to 2019
(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. ...
How much Does Sri Lanka Allocate for the Defense Sector ?
(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. ...
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
(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 ...
Sri Lanka’s Short-Term Outflows Exceed Usable Reserves
(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 ...