Economy SL

    Economist Calls for Debt Default to Avert Hardships on People
    by |10 January 2022|Verité in the News
    Published on Daily Mirror  Senior economist Dr. Nishan de Mel says paying down debt won’t improve the country’s sovereign rating, instead it could trigger further downgrades His claim sparks immediate pushback, particularly from investor and financial market participants  They warn...
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    Relief Package a Real Relief or an Economic Destabiliser?
    by |09 January 2022|Interviews & Articles
    Published on The Morning The Cabinet last week approved a relief package worth Rs. 229 billion presented by the Minister of Finance. For Gayathri (35) (not her real name), it brought much joy going into the new year as she...
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    Central Bank sells gold worth US$ 206mn to shore up reserves
    by |09 January 2022|Verité in the News
    Published on The Sunday Times The Central Bank sold more than half of its gold reserve–54.1 percent or US$ 206.8mn worth– last month to shore up forex reserves that had dropped to around a month of imports in November 2021....
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    CB says Funds Allocated for Jan. 18 Bond Settlement
    by |07 January 2022|Verité in the News
    Published on Daily Mirror It appears that CB is positive of wrapping up US $ 1.9bn Indian funding within this month CB is also hopeful of US $ 1bn worth of swap line from Qatar Leading economist advises govt. not...
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    Government’s New Year Relief: A blessing or curse in disguise?
    by |05 January 2022|Uncategorized
    Published on Daily Mirror Prudence at the helm is the most important need of the country today - W. A Wijewardena Burden of funding will inequitably fall on the rest of the labour force - Deshal de Mel Need of...
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    Fitch Rating Revision: Debt default fears worsen but Lanka assures repayment
    by |19 December 2021|Verité in the News
    Published on The Sunday Times Sri Lanka is running on empty and may be perilously close to defaulting on its foreign debt payments, the latest international sovereign ratings downgrade suggests. Citing an “increased probability of default’’, Fitch Ratings on Friday...
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    Budget Fails to set up Stable Fiscal Regime – Verite Research
    by |12 December 2021|Verité in the News
    Published on Sunday Observer  The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...
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    Govt. continues to amend Governing Fiscal Law to suit its Agenda: Verité Research
    by |10 December 2021|Verité in the News
    Published on Daily Mirror The credibility of the government is significantly undermined as authorities continue to fail in adhering to the governing fiscal law of the country, the Colombo-based economic think-tank Verité Research said in their latest report. While the...
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    “Regular violations, changes to law erode credibility”
    by |10 December 2021|Verité in the News
    Published on Ceylon Today The failure of the executive to adhere to the governing fiscal law significantly undermines the overall credibility of the government, says the Colombo-based think-tank Verité Research. In addition, parliament has a responsibility to ensure that the...
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    Budget and Tax
    by |10 December 2021|Verité in the News
    Published on DailyFT Coinciding with the third reading of Budget 2022 today, Verité Research this week released a public report detailing the research organisation’s analysis on the estimates and assumptions used in the formulation of the Budget. In it, Verité...
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