October 2021

How Sri Lanka’s Flip to Organic Farming has now caused row with China over Fertiliser Crisis

by |31 October 202102 November 2021|Verité in the News

Published on ThePrint A fresh crisis seems to be brewing between Sri Lanka and China after the Chinese Embassy in the island nation Saturday declared that the state-owned People’s Bank of Sri Lanka has been blacklisted over its failure to make a payment...

Poor Budget Credibility Cited as Major Issue for Public Finances

by |30 October 202101 November 2021|Verité in the News

Published on Daily Mirror Govt. urged to institute better oversight by Parliamentary Committees and Parliamentary Budget Office “There was little to no information available to determine the progress of over half the (budget) proposals”- Verite For over 67% of Cabinet...

Revenue Enhancement Measures Critical in Budget 2022: Verité

by |28 October 202101 November 2021|Verité in the News

Published on The Morning Advises to expand tax base instead of increasing tax rate According to former Economic Advisor to the Minister of Finance and Verité Research Director – Research Deshal de Mel, while revenue enhancement measures will be a...

Verité Research Reveals Implementation Lags in 2020 Budget

by |28 October 202101 November 2021|Verité in the News

Published on DailyFT BudgetPromises, a platform to track delivery of Government budget proposals, revealed yesterday there was poorer visibility on many Cabinet decisions surrounding projects, with the proportion of proposals with restricted information more than doubling over the past two...

Revenue Enhancement Measures Crucial for 2022 Budget

by |28 October 202101 November 2021|Verité in the News

Published on DailyFT Verité Director Research Deshal de Mel yesterday said revenue enhancement measures remained critical for the upcoming 2022 Budget. He said that as the Sri Lankan economy was still recovering from the impacts of the pandemic as were...

Lack of Budget Credibility a Significant Challenge to the 2022 Budget

by |27 October 202110 January 2022|Press Release

The BudgetPromises dashboard on the PublicFinance.lk platform sheds light on two questions about Sri Lanka’s budget: “is the Government doing what it is saying?” and “is the Government saying what it is doing?” BudgetPromises was launched in 2017 and tracks...

Lack of Openness in Govt Agencies a Concern for Assessing Budget Promises: Verité Research

by |27 October 202129 October 2021|Verité in the News

Published on Lanka Business Online Independent research institute and think tank in Sri Lanka, Verité Research highlights that the level of openness of government agencies is a major concern in evaluating their performance against budget promises. Presenting an overview of...

Why did Sri Lanka’s Budget Deficit Increase in 2020?

by |27 October 202128 April 2022|Interviews & Articles

Published on The Morning Sri Lanka’s budget deficit has doubled between the period of 2019 and 2020. The budget deficit increased from Rs. 1,016 billion in 2019 to Rs. 2,090 billion in 2020, an increase of Rs. 1,074 billion. This...

Secrecy of Budget and Cabinet Decisions Rose in 2020: Verite

by |27 October 202101 November 2021|Verité in the News

Published on The Morning The latest findings of the think tank Verite Research Institute’s “Budget Promises: Beyond Parliament” platform, show that over the past year (2020), there has been an increased lack of willingness by ministries and government agencies to...

Doubling Exports in a Decade: Too Ambitious or Easily Achievable?

by |25 October 202125 October 2021|Verité in the News

Published on The Morning The Export Development Board (EDB) in April 2011 announced that Sri Lanka aims to increase its export earnings to $ 20 billion by the year 2020. This brought good news on the future of foreign reserves...

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