January 2018

By Chandeepa Wettasinghe Sri Lanka improved its budget transparency last year compared to two years ago under the Open Budget Survey, although it ranked the second lowest among its South Asian peers, according to Verite Research (Pvt) Ltd. “Sri Lanka...

  By Chandeepa Wettasinghe Sri Lanka improved its budget transparency last year compared to two years ago under the Open Budget Survey, although it ranked the second lowest among its South Asian peers, according to Verite Research (Pvt) Ltd. “Sri...

Jan 31, 2018 (LBO) – Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. Open Budget Survey, which scores 115 countries on the openness...

ECONOMYNEXT – Sri Lanka has improved in a global ranking of budget openness, albeit still among the lowest ranked in South Asia, with the government being advised to present a more understandable, non-technical budget document also known as a citizen’s...

Sri Lanka has been ranked 60 among 115 counties in the world on the recent assessment of the 2013/2014 and 2016/2017 budget processes. The ranking was released on the Open Budget Survey (OBS), the world’s only independent assessment of information...

The Fiscal Management (Responsibility) Act, which governs budget related reporting in Sri Lanka, is falling short of international standards when considering its quality and scope of reporting, Executive Director, Verite Research Dr. Nishan de Mel said. "Although Sri Lanka does...