FactCheck: Recent submissions

Now showing items 101-120 of 228

    • Anura Kumara Dissanayaka: Money Printing and Debt 

      ;S2806
      FactCheck       (www.factcheck.lk, 6/25/2021)
      PARTLY TRUE: From the day this government came into power to March this year, LKR 831 billion has been printed. - Anura Kumara Dissanayake, Mawbima, 3 May 2021

    • Patali Champika Ranawaka: Public sector debt 

      ;S2887
      FactCheck       (www.factcheck.lk, 8/5/2021)
      TRUE: The CBSL has reported that the public sector debt is 109.7% of the GDP. This is the highest it has ever been in history. If we disregard the government’s undervaluation of sovereign bonds, this figure will exceed ...

    • Rohana Bandara: Sri Lanka's debt to China 

      ;S2835
      FactCheck       (www.factcheck.lk, 6/3/2021)
      TRUE: 14% of Sri Lanka’s debt is owed to China… - Rohana Bandara, Dinamina, 10 May 2021

    • Lohan Ratwatte: Credit Line for Vehicle Imports 

      ;P0028
      FactCheck       (www.factcheck.lk, 7/8/2021)
      BLATANTLY FALSE: This is a credit line…If that credit line is not used, it will go to waste—it must be put to use. Our government will not go into debt by importing those vehicles. - Lohan Ratwatte, Newsfirst.lk, 12 June 2021

    • S. M. Marikkar: COVID-19 Vaccination 

      ;E2880
      FactCheck       (www.factcheck.lk, 6/18/2021)
      PARTLY TRUE: Not even 2 million of the Sri Lankan population has been vaccinated as of now. We have vaccinated the least number of people in the region. - S.M. Marikkar, Aruna, 26 May 2021

    • Bandula Gunawardana: Tax Revenue 

      ;E1073
      FactCheck       (www.factcheck.lk, 8/12/2021)
      PARTLY TRUE: The tax revenue in 2014 at the end of Mahinda Rajapaksa’s government was Rs. 1,050 billion. Thereafter, its successor the Good Governance Government imposed tax rates to collect more than Rs. 1,700 billion a ...

    • Udaya Gammanpila: CPC Losses 

      ;P0027
      FactCheck       (www.factcheck.lk, 7/15/2021)
      FALSE: Due to the fact that oil has continuously been purchased at high prices and sold at low prices, the accumulated loss for CEYPETCO, as at end 2020, is Rs. 331 billion - Udaya Gammanpila, Minister Gammanpila's Official ...

    • Nalaka Kottegoda: Fertiliser Consumption 

      ;E997
      FactCheck       (www.factcheck.lk, 6/10/2021)
      FALSE: Sri Lanka had imported 574,000 metric tonnes of fertiliser in 2020… Sri Lanka has become the top chemical fertiliser user in South Asia. We use 284 kg of chemical fertiliser per hectare.- Nalaka Kottegoda, Daily ...

    • Wimal Weerawansa: Industrial Income and Exports 

      ;E974
      FactCheck       (www.factcheck.lk, 5/31/2021)
      TRUE: Industries occupy a special place in the national manufacturing process in Sri Lanka which is about 26.4% of the national GDP, and only a very low percentage of about 10% contributes to exports. - Wimal Weerawansa, ...

    • Ajith Nivard Cabraal: Vehicle Imports 

      ;E969
      FactCheck       (www.factcheck.lk, 5/20/2021)
      TRUE: The number of vehicles imported to Sri Lanka from 2015 to 2019 was 2,515,546. And the amount spent on these vehicles imported amounts to Rs. 1,239 billion. - Ajith Nivard Cabraal, Daily News, 6 June 2021

    • Harsha de Silva: Budget Deficit 

      FactCheck;P0026
      FactCheck       (www.factcheck.lk, 5/13/2021)
      TRUE: CBSL Annual Report states Sri Lanka's budget deficit for 2020 [was a] huge 11%. But it should be even higher at 14%. - Harsha de Silva, Harsha de Silva's Official Twitter, 1 May 2021

    • Dullas Alahapperuma: Forex Earnings 

      FactCheck;S2739
      FactCheck       (www.factcheck.lk, 5/7/2021)
      PARTLY TRUE: The largest foreign exchange earners contributing USD 7 billion to the economy of this country are the women of our country who perform drudgery in the Middle East. Number two is the apparel industry. USD 5.6 ...

    • Gayantha Karunatilleka: Income Inequality 

      ;S2779
      FactCheck       (www.factcheck.lk, 4/29/2021)
      TRUE: 35% of our country's national income is enjoyed by 10% of the population. - Gayantha Karunatilleka, Divaina, 30 March 2021

    • Gamini Lokuge: On the strength of EPF 

      FactCheck;P0025
      FactCheck       (www.factcheck.lk, 4/22/2021)
      FALSE: The Employees Provident Fund has become the strongest fund in Asia today. - Gamini Lokuge, Parliament Hansard, 9 February 2021

    • Bandula Gunawardana: Sathosa Losses 

      E932;
      FactCheck       (www.factcheck.lk, 4/8/2021)
      PARTLY TRUE: [Sathosa] was an institution that did not incur losses before 2015. Sathosa has lost 20 billion rupees during the last five years (2015 – 2019). - Bandula Gunawardana, Daily News, 10 March 2021

    • Patali Champika Ranawaka: Sugar and Fats Imports 

      S2753;
      FactCheck       (www.factcheck.lk, 4/1/2021)
      TRUE: Compared to 2019, sugar imports have increased by 38% and oil and fat imports have increased by 237%. - Patali Champika Ranawaka, Parliament Hansard, 11 February 2021

    • Ajith Nivard Cabraal: ISB debt 

      E925;
      FactCheck       (www.factcheck.lk, 3/26/2021)
      PARTLY TRUE: As of now (February 2021), the total ISBs outstanding is USD 14 billion, which is only 16.7 percent of Sri Lanka’s total debt. None of the other creditors who hold 83.3 percent of Sri Lanka’s debt seem to show ...

    • Mahinda Rajapaksa: Export Agriculture Crops 

      S2737;
      FactCheck       (www.factcheck.lk, 3/19/2021)
      TRUE: The revenue from export agricultural crops stood at Rs. 63,000 million in 2019. Within one year we have been able to increase it to Rs. 73,000 million. - Mahinda Rajapaksa, Dinamina, 3 March 2021

    • Asela Gunawardana: Community Transmission 

      P0023;
      FactCheck       (www.factcheck.lk, 3/12/2021)
      FALSE: “If it is to reach the community transmission level, the positive rate would have drastically spiraled parallel to the number of PCR tests. At present, Sri Lanka is not experiencing such a situation”. - Asela ...

    • Keheliya Rambukwella: GDP growth 

      FactCheck;S1937
      FactCheck       (www.factcheck.lk, 1/15/2020)
      TRUE: When President Mahinda Rajapaksa took over the country in 2005, the Gross Domestic Product (GDP) was USD 20 billion. In ten years, we increased the GDP to USD 80 billion. - Keheliya Rambukwella, Dinamina, 4 December 2019