Econ: Recent submissions
Now showing items 141-160 of 287
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How Long Did Sri Lanka Take to Secure its Board Level Agreement
(Colombo: Verite Research, 2023-03-21)Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in reaching an agreement with the International Monetary Fund (IMF) causing worry among investors and policymakers alike. In this ... -
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, ... -
The Cost of Inflation: Sustaining 2015 Consumption in 2023
(Colombo: Verite Research, 2023-03-14)Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains ... -
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 ... -
Government Revenue Loss due to the Sugar Tax Cut
(Colombo: Verite Research, 2023-03-07)The Special Commodity Levy (SCL) on imported sugar was reduced from LKR 50/kg to LKR 0.25/kg on the 13th of October 2020. This was intended to reduce the price of sugar in the domestic market. The cumulative loss of ... -
Change in Tariffs on Monthly Electricity Consumption
(Colombo: Verite Research, 2023-02-23)Electricity tariffs were initially revised in August 2022, which was the first revision since November 2014. However, in February 2023 tariffs were revised again. For households using less than 60 units, the initial tariffs ... -
Sri Lanka vs. IMF Programme Targets
(Colombo: Verite Research, 2023-01-13)Sri Lanka is currently entering its 17th IMF programme with the impending board level agreement. However, over the 54-year period from 1965 to 2019, Sri Lanka has been in an IMF programme for 28 of those years. In other ... -
Will the Increase in Cigarette Taxes Meet Budgeted Revenue?
(Colombo: Verite Research, 2023-01-05)On January 1st, 2023, the government decided to raise the excise taxes on cigarettes by 20%. The increase affected various sizes of cigarettes differently, with the smallest size (no larger than 60mm) seeing a tax increase ... -
Sri Lanka’s Annual Average Sovereign Foreign Debt Repayments Amount to USD 4.4 bn from 2022 to 2027
(2022-09-21)The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2021 and the projected foreign debt service payments from 2022 to 2027.The breakdown of foreign debt ... -
Provincial Council Receipts and Expenditure in 2020
(2021-11-02)The finance commission makes an annual recommendation on the allocation of funds required to meet the needs of provincial councils to the government. The Western Province has the highest absolute value, and the North Central ... -
Financing of the Budget Deficit, 2010 to 2022
(2021-11-23)The following infographic depicts the financing of the budget deficit from 2010 to 2022 estimates as presented in the 2022 budget. -
Expenditure Proposals from the 2023 Budget
(Colombo: Verite Research, 2022-11-15)The infographics contain some of the key expenditure proposals presented in the 2023 Budget. -
Expected GDP Outcomes - Budget 2023
(Colombo: Verite Research, 2022-11-15)Sri Lanka Budget 2023 expects a 27% year over year increase in nominal GDP, with an increase of LKR 6,519 Bn. from the revised 2022 estimates. -
Summary of the Budget 2023
(Colombo: Verite Research, 2022-11-15)Sri Lanka Budget 2023 anticipates higher revenue, expenditure and a 6.6% reduction in the budget deficit. -
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
(2022-01-10)On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread ... -
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. ... -
Sri Lanka's Fiscal Targets for 2023
(Colombo: Verite Research, 2022-11-15)The infographic outlined that Government revenue was expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023. -
Earnings from Tourism: Are we getting it right?
(2022-03)Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism. ... -
Sectoral Allocations for the 2023 Budget
(Colombo: Verite Research, 2022-11-15)Sectoral allocations from the 2023 Budget, ranging from defence to water and sanitation. This was presented in the Budget speech for 2023. -
Highlights from the Appropriation Bill for 2023
(Colombo: Verite Research, 2022-11-02)The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November. The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2023, while ...