Econ: Recent submissions

Now showing items 41-60 of 286

    • The Troubling Lack of Compliance by Public Authorities With RTI Act 

      Weerasooriya, Nishana; Talayaratne, Shannon (Colombo: Daily Mirror, 2023-09-28)
      Today (28 September) marks the international day for universal access to information. This year’s theme is ‘the importance of the online space for access to information'. Public access to information is an essential element ...

    • Schrodinger’s Banks: The Immediate Need for Policies to Ensure Financial Stability 

      Peiris, Udara (Colombo: Daily Mirror, 2023-09-14)
      Sri Lanka is entering into a new, dangerous phase in its economic recovery. Although macroeconomic stabilisation has made progress, financial stabilisation needs immediate attention. The combination of covid-era loans and ...

    • Large Scale Infrastructure, Small Scale Disclosure: Fertile Ground for Corruption 

      Abeysinghe, Subhashini; Pabasara, Chathuni (Colombo: Daily Mirror, 2023-08-31)
      Large sums of money borrowed for large infrastructure projects is a key contributor to Sri Lanka’s Mountain of foreign debt, which the country is struggling to pay back. Lack of transparency, coupled with poor governance ...

    • Too Many ‘Known Unknowns’ in Sri Lanka’s IMF Programme 

      de Mel, Nishan (Colombo: Daily Mirror, 2023-08-17)
      Sri Lanka’s programme is planned to deliver 71 outcomes by the end of September. Presently, as of the end of July, 35 are “met” and 14 are “unknown”. There are 8 more that are “not met”. That means the ratio of unknowns ...

    • Another Export Target Destined to Be Missed? 

      Abeysinghe, Subhashini; Arangala, Mathisha (Colombo: Daily Mirror, 2023-08-03)
      In a recent statement, Sri Lanka's Export Development Board (EDB) announced plans to secure USD 31.3 billion revenue from total exports (both goods and services) by 2027. The EDB expects to double goods export revenue from ...

    • The Best Next Step for Improving Tax Collection 

      Siyambalapitiya, Sumini (Colombo: Daily Mirror, 2023-07-21)
      In 2021, the country’s tax revenue as a share of gross domestic product (GDP)reached its lowest level since 1959 – dropping to just 8%. Increasing tax-to-GDP ratio is one of the most important measures of Sri Lanka’s ability ...

    • Calculating the Loss to the EPF From Proposed DDR 

      de Mel, Nishan (Colombo: Daily Mirror, 2023-07-12)
      Justice and good decision-making flows in part, from the discipline of public reasoning. The belief in democracy is anchored in the hope of harnessing the power of reasoned decision making that is openly and dialogically ...

    • Let’s Shield the EPF With the Instincts of Winston Churchill 

      de Mel, Nishan (Colombo: Daily Mirror, 2023-07-06)
      The private sector workers of Sri Lanka are required by law to transfer 23% of their incomes to the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF) every month, towards their retirement savings. The EPF ...

    • Why Does Sri Lanka Claim It Has Less Capacity Than Least Developed Countries for Trade Facilitation? 

      Abeysinghe, Subhashini; Arangala, Mathisha (Colombo: Daily Mirror, 2023-06-22)
      Higher costs and time resulting from opaque, complex, time consuming, manual export and and import procedures discourage businesses from engaging in international trade and undermine their international competitiveness. ...

    • Restructuring Domestic Debt Must Be Credible, Fast, Comprehensive 

      Peiris, Udara (Colombo: Daily Mirror, 2023-06-08)
      With the possibility of restructuring domestic debt increasing, there are concerns about the impact of such a restructuring on the financial markets. A limited restructuring, in which only government debt held by the Central ...

    • IMD Programme: Performance Evaluation - April 2024 - 30% of Commitments Not Met 

      Public Finance Infographics;
      Econ Team       (2024-05-16)
      By the end of April 2024, Sri Lanka has not met 30% of its due commitments, which translates to a total of 19 unfulfilled obligations. The majority of these unmet commitments pertain to enhancing transparency and enacting ...

    • The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka 

      Peiris, Udara (Colombo: DailyFT, Colombo: Daily Mirror, Online: International Banker, 2023-04-27)
      The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short ...

    • Why Tracking the IMF Programme Implementation is of Public Interest 

      de Mel, Nishan; Rajkulendran, Raj Prabu (Colombo: Daily Mirror, 2023-05-25)
      As Sri Lanka enters its 17th International Monetary Fund (IMF) programme, a critical question remains. Will the country break from the past patterns of inconsistency and failure in following the plan it lays out with the ...

    • ETCA With India: Time to Shift Focus From Market Integration to Supply Chain Integration 

      Abeysinghe, Subhashini; Arangala, Mathisha (Colombo: Daily Mirror, 2023-04-27)
      This article looks at; 1) what are global supply chains and why do they matter; 2) how new trade deals are focusing more on supply chain resilience than market access; 3) how current trade deals with India are focused on ...

    • Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy 

      Econ Team (Colombo: Verité Research, 2021-03)
      This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are ...

    • Budget Promises: Beyond Parliament - 2020 End Year Assessment 

      Econ Team (Colombo: Verite Research, 2021-10)
      Due to the absence of a budget speech in 2020, the public finance platform tracked 24 cabinet decisions—a combination of expenditure and regulatory policy decisions—made from January to June 2020. The decisions tracked ...

    • Over Estimation of Social Security Contribution 

      Public Finance Infographics;
      Econ Team       (2021-12-10)
      Budget 2022 proposed a Social Security Contribution (SSC) tax to rebuild the Sri Lankas Economy from the COVID- 19 pandemic. SSC is charged at 2.5% on an annual turnover exceeding LKR 120 million. This tax is proposed to ...

    • Sources of Financing for Top 5 Ministries That Received the Highest Allocation in the 2022 Budget 

      Public Finance Infographics;
      Econ Team       (2022-01-25)
      Based on the 2022 approved Budget estimates in 2020, 87% of government expenditure was financed via domestic sources and 13% was financed via foreign sources. In 2021 91% of expenditure is estimated to be financed domestically ...

    • Relief Package: What it Entails and How Will it be Financed? 

      Public Finance Infographics;
      Econ Team       (2022-02-01)
      In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts ...

    • How much Does Sri Lanka Allocate for the Defense Sector ? 

      Public Finance Infographics;
      Econ Team       (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. ...