Now showing items 1-20 of 196

    • Sri Lanka in South Asia: 2nd in GDP, 5th in government revenue share 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-06-30)
      Sri Lanka lifted its government revenue to 13.5 per cent of GDP in 2024, the highest level in more than a decade. Yet, it still trails most South Asian neighbours in terms of government revenue. Academic research indicates ...
    • Sri Lanka’s Personal Income Taxpayer Base Lags Behind South Asian Peers Despite Recovery 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-08-15)
      The number of people registered for personal income tax (taxpayer base) in Sri Lanka recovered in 2024 to the high levels seen in 2019. However, despite this rebound, Sri Lanka still lags behind its regional peers. In ...
    • Budget 2026: LKR 500 Bn Supplementary Allocation for Cyclone Ditwah Recovery Narrows Fiscal Space 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2026-01-12)
      On 19 December 2025, the Sri Lankan Parliament approved a supplementary allocation of LKR 500 billion (approximately USD 1.6 billion) to fund recovery efforts following the devastation caused by Cyclone Ditwah. However, ...
    • 2024 Budget Proposal Progress: Majority of the Proposals With Less Than 80% Financial Utilisation 

      Econ Team (Colombo: Verité Research, 2025-11-03)
      In November 2023, the then Finance Minister, President Ranil Wickremesinghe, presented 50 expenditure budget proposals with a value of LKR 212,740 million to Parliament. Of these, 24 proposals worth over LKR 500 million ...
    • Sri Lanka’s Budget Deficit Halved as Revenue Climbed up and Capex fell 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-10-24)
      Sri Lanka’s fiscal performance improved significantly during the first eight months of 2025. The budget deficit was reduced by more than fifty per cent compared to the same period last year, as increased revenue growth ...
    • Budget 2026: Parliament and the Public Deprived of Real Numbers 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-12-12)
      Sri Lanka’s Constitution grants Parliament full control over public finances, exercised primarily through the debate and approval of the annual budget. In practice, however, the public finance and budgeting system has long ...
    • Appropriation Bill 2026: Overall Summary and Ministry Allocations 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-10-14)
      The Appropriation Bill for 2026 sets government expenditure (excluding capital repayments) at LKR 7,128 billion. For 2026, the First Schedule allocates LKR 4,434 billion for non-debt-servicing: LKR 3,028 billion for recurrent ...
    • Weekly Air quality update: Week ending 02 August 2025 

      Econ Team (2025-08-02)
      This infographic displays the air quality in the cities of Badulla, Colombo 07, Puttalam, Pelawatte, Monaragala, Maharagama, Kiribathgoda and Kandy cities for the week of July 27 to August 2, 2025. It was developed under ...
    • Petrol and Diesel Market Price vs. Formula Price in June 2025 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-06-04)
      Fuel prices remained unchanged in June 2025, with the market price of Octane 92 petrol at LKR 293.00 and auto diesel at LKR 274.00. However, the formula price has dropped for both petrol and diesel. The market price of ...
    • Revenue was raised by 5.4% of GDP in 3 years 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-05-16)
      Between 2021 and 2024, Sri Lanka’s government revenue and grants rose from 8.3% to 13.7% of GDP— a 65% increase in just three years. This marks a significant turnaround from the historic low of 2021, when tax cuts substantially ...
    • Petrol and Diesel Market Price vs. Formula Price in May 2025 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-05-03)
      In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive ...
    • Petrol and Diesel Market Price vs. Formula Price in April 2025 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-04-02)
      In April 2025, the market price of Petrol 92 Octane reduced by LKR 10 aligning itself to the reduction in the cost reflective formula price. The price of Auto Diesel, however, did not reduce even though the formula price ...
    • Petrol and Diesel Market Price vs. Formula Price in March 2025 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-03-05)
      Since December 2024, the market prices of 92-octane petrol and auto diesel have remained at LKR 309 and LKR 286 per litre, respectively, despite fluctuations in formula prices between January 2025 and March 2025. According ...
    • Budget 2025 - Key Expenditure Proposals 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-25)
      On 17 February, President Anura Kumara Dissanayake delivered his first budget speech for the 2025 fiscal year. Among the expenditure proposals outlined in the budget, the largest is the salary increase for government ...
    • VAT's Maldives got right? 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-09)
      Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax rate collects nearly 5 times more through its Goods and Services Tax (GST). In 2023, Sri Lanka’s ...
    • Sri Lanka’s new personal income tax structure reduces tax burden across income groups 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2024-12-20)
      In his recent address to Parliament, the President announced proposed reforms to Sri Lanka’s Personal Income Tax (PIT) system. These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR ...
    • Sectoral Allocations: Budget 2025 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-25)
      On 17 February, President Anura Kumara Dissanayake delivered his first budget speech for the 2025 fiscal year. The speech outlined how the government plans to allocate expenditure across nine sectors of the economy: ...
    • 10 years since the infamous "bond scam" 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-27)
      The 27th of February marks ten years since the infamous “bond scam” of 2015. This resulted in a forensic audit, completed in 2019, on activities of the Central Bank of Sri Lanka (CBSL) with regard to bond market auctions ...
    • Infrastructure: Key NPP manifesto promises 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-14)
      The NPP's 2024 Presidential Election manifesto outlines new promises to improve infrastructure development in key sectors, including transportation, telecommunications, postal services, power and energy, and ports, shipping, ...
    • Defense and public security: Key NPP manifesto promises 

      Public Finance Infographics;
      Econ Team
      (Colombo: Verité Research, 2025-02-14)
      The NPP's 2024 Presidential Election manifesto proposes several new promises to improve defense sector; - A programme to provide housing to police officers who do not own a house - Raising the salaries and allowances ...