Infographics: Recent submissions
Now showing items 61-80 of 159
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Sectoral Allocations: Budget 2024
(Colombo: Verite Research, 2023-11-13)This series of infographics contains sectoral allocations from Budget 2024. Allocations to Finance, Defence and Health were among the highest. -
Summary: Budget 2024
(Colombo: Verite Research, 2023-11-13)Budget 2024 expects budget deficit for the year 2024 to increase by 19%. -
Fiscal Targets: Budget 2024
(Colombo: Verite Research, 2023-11-13)Projections in Budget 2024 expect revenue to be 13.1% of GDP in 2024. -
Expected GDP Outcomes: Budget 2024
(Colombo: Verite Research, 2023-11-13)The 2024 budget forecasts a greater contraction in 2023 and higher growth in 2024 compared to IMF projections. -
Violation of Fiscal Rules: Budget 2024
(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. -
Expenditure Proposals: Budget 2024
(Colombo: Verite Research, 2023-11-13)The highest expenditure proposal from the 2024 Budget amounted to LKR 11,250 million for a decentralized budget programme. The list of infographics displays the highest expenditure proposals from the 2024 Budget. -
VAT to reach 20 year high from January
(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 ... -
IMF programme’s transparency falls to lowest point in September
(Colombo: Verite Research, 2023-10-19)The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International Monetary Fund (IMF), shows that Sri Lanka verifiably ... -
Changes in Allocations to Ministries
(Colombo: Verite Research, 2023-10-13)In the Appropriation Bill for 2024, key ministries such as Finance, Defense, Health, Education, Transport, and Highways witness an increase in their allocations. The Ministry of Finance experienced the largest year on ... -
Sri Lanka to be Saddled with High Interest Bill in 2024
(Colombo: Verite Research, 2023-10-09)The Appropriation Bill for Budget 2024 indicates an increase in allocated expenditure from LKR 5854 bn in 2023 to LKR 6563 bn in 2024. Interest payments saw a 20 percent rise, from LKR 2189 bn in 2023 to LKR 2634 bn. In ... -
Highlights from the Appropriation Bill for 2024
(Colombo: Verite Research, 2023-10-06)The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest payments alone remain more than one-third of total spending in 2024, reflecting an increase of 20% from 2023. -
The Problem with Procurement
(Colombo: Verite Research, 2023-10-04)Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public procurement contracts through an online fiscal transparency platform. The online transparency platform was to be operational by March 2023, but the ... -
Total and primary deficits run in opposite directions
(Colombo: Verite Research, 2023-09-22)The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant ... -
Sri Lanka Met 38 IMF Commitments and Failed 8 by end-August
(Colombo: Verite Research, 2023-09-15)Sri Lanka verifiably met 38 of the 57 trackable commitments that were due for completion by end-August in its 17th programme with the International Monetary Fund (IMF). -
Large Scale Infrastructure Small Scale Disclosure
(Colombo: Verite Research, 2023-09-04)Despite the Right to Information (RTI) Act’s proactive disclosure requirement, only 18% and 25% of information required to be disclosed on large-scale infrastructure projects were proactively disclosed online in 2022 and ... -
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 ... -
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. ... -
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
(Colombo: Verite Research, 2023-08-16)Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with ... -
Exceptionalism of Domestic Debt Restructuring in Sri Lanka
(Colombo: Verite Research, 2023-08-08)Sri Lanka's approach to Domestic Debt Restructuring (DDR) stands out in its specificity and methodology. Notably, the strategy is centred on restructuring superannuation funds and Central Bank Holdings. According to an IMF ... -
Tax revenue misses IMF target in 1st quarter!
(Colombo: Verite Research, 2023-08-04)According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected ...