Economy in Sri Lanka

    Revenue Enhancement Measures Crucial for 2022 Budget
    by |28 October 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...
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    Why did Sri Lanka’s Budget Deficit Increase in 2020?
    by |27 October 2021|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...
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    Doubling Exports in a Decade: Too Ambitious or Easily Achievable?
    by |25 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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    Verité Research Pre-Budget Forum Offers Solutions for Forex Crisis, Presents Budget Proposals
    by |18 October 2021|Verité in the News
    Published on Daily Mirror Verité Research hosted the online discussion themed ‘Steering out of the Debt Crisis: Recipe for Budget 2022’ on October 14th. The event was anchored around addressing Sri Lanka’s debt and US dollar liquidity crisis, and featured...
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    Verité Moots 8 – 10% VAT for % and 2022
    by |15 October 2021|Verité in the News
    Published on The Morning Advises to increase to 10-12% in 2023, 12-15% in 2024 Proposes to increase to increase(sic) excise tax on cigarettes and alcohol Makes more tax proposals on raising govt. revenue In view of the upcoming Budget 2022,...
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    Explained: The Adani Group’s recent Port Deal in Sri Lanka
    by |04 October 2021|Verité in the News
    Published on The Hindu As per the 35 year-long BOT agreement, the Adani Group will have majority, 51%, stakes, while John Keells would hold 34%, and the SLPA, 15%. The story so far On September 30, 2021, the Gujarat-headquartered Adani Group...
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    Top Panel Sounds Alarm, Insists it’s Time for Urgent Economic Reforms
    by |16 September 2021|Verité in the News
    Published in the DailyFT Sri Lanka facing one of the worst economic crises in its history Pandemic only exacerbated existing economic weaknesses; roots lie in unsustainable debt, fiscal indiscipline and low rates of growth  To emerge from crisis, comprehensive and...
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    ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast
    by |10 September 2021|Interviews & Articles
    Executive Director Nishan de Mel speaks to Hiru News on the recently imposed import restrictions and their effect on government revenue, advocating ultimately for sound and critical policy analysis.
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    Sri Lanka Inflation: Economic Emergency Causes Prices of Essential Goods to Soar – Nishan de Mel on CGTN News
    by |10 September 2021|Interviews & Articles
    Executive Director speaks to CGTN News about the systemic causes of commodity hoarding and how an economic state of emergency can heighten the crises brought on by commodity hoarding.
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    Sri Lanka Inflation: Economic Emergency Causes Prices of Essential Goods to Soar
    by |10 September 2021|Verité in the News
    Published on CGTN Sri Lanka is under a state of emergency with rising costs and fears over the economy. And the President's proposals are igniting controversy. Roel Raymond reports. The price of essential items has increased greatly in Sri Lanka,...
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