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Only 11 out of 52 SOEs have Published Financial Data up to 2022!
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s commitment to the IMF to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023 as a part of its most recent program. The publication of financial information plays a crucial role in enhancing the transparency and accountability of State-Owned Enterprises. For the list of SOEs that have and have not published financial reports, visit, Ministry of Finance - Sri lanka (treasury.gov.lk)
Featured Insight
Only 11 out of 52 SOEs have Published Financial Data up to 2022!
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s commitment to the IMF to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023 as a part of its most recent program. The publication of financial information plays a crucial role in enhancing the transparency and accountability of State-Owned Enterprises. For the list of SOEs that have and have not published financial reports, visit, Ministry of Finance - Sri lanka (treasury.gov.lk)
Featured Insight
Only 11 out of 52 SOEs have Published Financial Data up to 2022!
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s commitment to the IMF to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023 as a part of its most recent program. The publication of financial information plays a crucial role in enhancing the transparency and accountability of State-Owned Enterprises. For the list of SOEs that have and have not published financial reports, visit, Ministry of Finance - Sri lanka (treasury.gov.lk)
Featured Insight
Only 11 out of 52 SOEs have Published Financial Data up to 2022!
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s commitment to the IMF to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023 as a part of its most recent program. The publication of financial information plays a crucial role in enhancing the transparency and accountability of State-Owned Enterprises. For the list of SOEs that have and have not published financial reports, visit, Ministry of Finance - Sri lanka (treasury.gov.lk)
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Expenditure
Insights and analysis of government expenditure.
Total SOE Losses in the first four months of 2022 Outweigh Annual Losses in 2021
During the first four months of 2022 the cumulative loss of State-Owned Enterprises (SOEs) amounted to LKR 860 BN. This figure outweighs the annual loss of SOEs in 2021. The top 3 contributors to the increase of the...
From The PF Wire
Source:
Daily Mirror
Local Government Polls will cost Rs. 10 billion: E...
The conduct of elections to the local authorities will cost at least Rs.10 billion, an official said. https://www.dailymirror.lk/breaking_news/LG-Polls-will-cost-Rs-10-bil...
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Source:
Daily Mirror
Sri Lanka risks stagflation as prices continue to...
Sri Lanka appears to be entering into an era of extremely high inflation and low growth, stoking serious concerns of stagflation, as the policymakers seem to have lost their grips on the economy, which is now going haywire w...
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Source:
Ceylon Today
No Vehicle Imports in 2022 – Basil
Minister of Finance Basil Rajapaksa said the importation of vehicles and new staff recruitments to the public sector will not be permitted in 2022. While noting that efforts should be made to stop the importation of milk powder, Rajapaksa ad...
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Insight on Expenditure
Large Scale Infrastructure Small Scale D...
Sect...
Defence Sector Claims Nearly Half of Sta...
According to the 2023 Budget Estimates, 1...
The Cost of Inflation: Sustaining 2015 C...
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 1...
Total SOE Losses in the first four month...
During the first four months of 2022 the cumulative loss of State-Ow...
Government Expenditure from 2012-2021
Government Expenditure increased by 126% over the past decade. Expen...
How did the government finance its expen...
The infographics provides details on government expenditure and the...
Fuel Price Tracker : Methodology
FUEL PRICE TRACKER
A Sri Lankan Household Spends 24% of Av...
Sri Lanka's fuel prices increased rapidly within the last few mo...
Fiscal Performance From January to Novem...
The following infographic compares Sri Lankas' fiscal performance from January to Novemb...
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Featured
Sri Lanka Has The Highest Inflation Amongst South...
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other...
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IMF programme’s transparency falls to lowest point...
The latest update from 'IMF Tracker’ of Verité Research, an online platform which tracks the 100 identified commitments in Sri Lanka’s 17th programme with the International...
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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Mon...
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