Sri Lanka Economy

    SL’s Budget openness: Improved but still below global benchmark
    by |09 June 2020|Verité in the News
    Taken from - AdaDerana Sri Lanka has been placed at 54th position among 117 nations in terms of budget transparency and accountability, according to the Open Budget Survey (OBS) 2019, which was released recently. The OBS, conducted by International Budget...
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    SL Budget openness improves, but still below global benchmark
    by |09 June 2020|Verité in the News
    Taken from - DailyFT Sri Lanka’s Budget openness has improved past the global average but is still third in South Asia and well below the level that indicates enough material is being published to support informed public debate, Verité Research...
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    Sri Lanka budget transparency below minimum on international survey: think tank
    by |09 June 2020|Verité in the News
    Taken from - Economynext Sri Lanka’s budget transparency is below minimum standard on a international comparison set by a Open Budget Survey, which measures 117 countries, though some improvements had been made over the years, a think tank has said....
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    Govt. exceeds borrowing limits by Rs 120 bn
    by |15 May 2020|Verité in the News
    Taken from - news1st COLOMBO (News1st) : The government has exceeded its legal borrowing limits for the first quarter of 2020 by Rs 120 billion, a Colombo-based think tank has said. The Vote on Account, passed in October last year,...
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    Govt initiatives to reduce interest rates and boost economy
    by |17 April 2020|Verité in the News
    Taken from - DailyNews The government was acting in a manner to boost the economy and to reduce interest rates said, Verite Research Economist Deshal De Mel. He warned that due to a large informal sector the impact of COVID...
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    Economists debate over best response to fight COVID-19 while keeping economies less hurt
    by |17 April 2020|Verité in the News
    Taken from - DailyMirror Two economists recently vacillated between the current suppression strategy practiced by the Sri Lankan government by way of curfews and lockdowns and a mitigation strategy practiced in some East Asian countries to see which offered the...
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    People first, economy next, says top economist
    by |20 March 2020|Interviews & Articles
    Taken from - DailyMirror By Shabiya Ali Ahlam As Sri Lanka is witnessing its economy coming to an almost stagnant state due to the unavoidable measures taken by the government to contain the coronavirus (COVID-19) outbreak, a leading economist in...
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    Budget proposals need to be feasible; Nishan De Mel
    by |17 March 2020|Verité in the News
    Taken from News1st Budget Proposals advertised in the budget are not implemented because they were not seen as feasible, Verité Research Economist, Nishan De Mel said. De Mel, highlighted the importance of budget proposals to be implemented with detailed estimates...
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    Economist urges need for credible fiscal roadmap
    by |17 March 2020|Verité in the News
    Taken from DailyMirror Sri Lanka would need to demonstrate the return to a credible fiscal path, a transition the country would have to make before the next debt repayment that is due mid this year by shoring up government revenue,...
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    Need for prudent ministerial portfolio allocation urged for better public finance management
    by |05 March 2020|Verité in the News
    Taken from DailyMirror As Sri Lanka is gearing up for a parliamentary election, economists are stressing on the need to allocate ministerial portfolios in a more prudent manner so that the public finance management, amongst other areas, does not get...
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