public finance

    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...
    continue reading
    Tax Amnesty: The New Tax Scandal
    by |06 September 2021|Verité in the News
    Published in the DailyFT Sri Lanka’s overall tax system of indirect taxes means that the poor disproportionately pay more in taxes than a wealthier family. The Finance Bill codifies this  The gazetted Finance Bill is an unfair piece of legislation...
    continue reading
    Effectiveness of Tax Amnesty in Sri Lanka
    by |10 August 2021|Interviews & Articles
    Published in the DailyFT On 9 July 2021, the government gazetted a new finance bill aimed to indemnify individuals who voluntarily disclose their hitherto undisclosed income—that is to a provide a tax amnesty. A tax amnesty is a limited-time opportunity...
    continue reading
    Debt Default Danger: Alarmist or Imminent?
    by |09 August 2021|Verité in the News
    Published in The Morning LK Will the Government of Sri Lanka default on its obligations to service its mountain of debt over the next couple of years, including two bond repayments of a total of $ 1.5 billion due in...
    continue reading
    Real Question Is Not Whether SL Should Go to IMF or Not
    by |05 August 2021|Verité in the News
    Published in The Island The real question is not whether Sri Lanka should go to the IMF or not. What is important is going to the IMF with confidence after having analysed the fiscal situation, with a convincing plan, Executive...
    continue reading
    CA Sri Lanka’s CEOs Forum Plays Nexus Role to Bridge Gap between Govt., Biz Community
    by |03 August 2021|Verité in the News
    Published in the DailyFT State Minister Nivard Cabraal urges private sector to look long-term, not focus only on short-term CB Chief says Govt. policy plan has heavy focus placed on exports, domestic production as well as entrepreneurship and SME activities...
    continue reading
    Sri Lanka Needs Medium and Long Term Plan to Overcome Debt Crisis
    by |01 August 2021|Verité in the News
    Published in The Sunday Times Although immediate debt repayment payments have been settled, the government will have to implement a medium and long term plan with clear policy derived by analysing all its aspects, a leading economist emphasised. Verite Research...
    continue reading
    Desperately Searching for Dollars: Importers and Import-Intensive Exporters Badly Hit
    by |04 July 2021|Verité in the News
    Published in The Sunday Times Importers continued to fret this week with containers–many of them holding inputs for export manufacturing–held up because dollar-strapped Sri Lankan banks were slow in settling payments with the sellers’ banks abroad. “I bring in raw...
    continue reading
    Treasury Rules Out Fraudulent Stats in Central Bank Report
    by |09 May 2021|Verité in the News
    Published in TheMorning.lk Responding to the recent outburst of MP Harsha De Silva in regard to the Central Bank of Sri Lanka’s Annual Report of 2020, Treasury Secretary S.R. Attygalle told The Sunday Morning Business that there is absolutely no fraudulent accounting...
    continue reading
    ප්‍රසූත නිවාඩුව කප්පාදු කිරීමේ ශ්‍රී ලංකා ආණ්ඩුවේ තීරණය “මාතෘත්වයට නිගාවක්”
    by |06 October 2020|Verité in the News
    පළවූයේ: බීබීසී සිංහල රූ හිමිකාරීත්වය බීබීසි සිංහල සේවය සහ දක්වා ඇති වෙනත් ආයතන සතුය "මාතෘ සුරක්ෂිතතාව (Maternity protection) මූලික මානව අයිතිවාසිකමක් වන අතර, පවුල සහ රැකියාව සම්බන්ධ පූර්ණ ප්‍රතිපත්ති සකස් කිරීමේ දී අනිවාර්යයෙන්ම ඇතුළත් කළ යුතු අංගයකි. වැඩපොළේ දී කාන්තාව...
    continue reading