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Wanted: An Authentic Minister of Finance - Sri Lanka Has Not Had One, For Three And A Half Decades
This article was compiled by Professor Mick Moore. Professor Mick Moore is a political economist and Professorial Fellow at the Institute of Development Studies. He is a non-resident academic fellow at Verité Research and member of Verité’s Sri Lanka Economic Policy Group. Professor Mick’s broad research interests are in the domestic and international dimensions of good and bad governance in developing countries.
Featured Insight
Wanted: An Authentic Minister of Finance - Sri Lanka Has Not Had One, For Three And A Half Decades
This article was compiled by Professor Mick Moore. Professor Mick Moore is a political economist and Professorial Fellow at the Institute of Development Studies. He is a non-resident academic fellow at Verité Research and member of Verité’s Sri Lanka Economic Policy Group. Professor Mick’s broad research interests are in the domestic and international dimensions of good and bad governance in developing countries.
Featured Insight
Wanted: An Authentic Minister of Finance - Sri Lanka Has Not Had One, For Three And A Half Decades
This article was compiled by Professor Mick Moore. Professor Mick Moore is a political economist and Professorial Fellow at the Institute of Development Studies. He is a non-resident academic fellow at Verité Research and member of Verité’s Sri Lanka Economic Policy Group. Professor Mick’s broad research interests are in the domestic and international dimensions of good and bad governance in developing countries.
Featured Insight
Wanted: An Authentic Minister of Finance - Sri Lanka Has Not Had One, For Three And A Half Decades
This article was compiled by Professor Mick Moore. Professor Mick Moore is a political economist and Professorial Fellow at the Institute of Development Studies. He is a non-resident academic fellow at Verité Research and member of Verité’s Sri Lanka Economic Policy Group. Professor Mick’s broad research interests are in the domestic and international dimensions of good and bad governance in developing countries.
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Expenditure
Expenditure
Insights and analysis of government expenditure.
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...
From The PF Wire
Source:
Daily News
Govt sector salary increase between 24% to 50 % in...
Substantial salary increases for public servants, ranging from 24% to 50%, along with performance-based increments and benefits, effective from January 2025. &nbs...
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Source:
Daily News
Import of 367 items restricted
Import restrictions have been imposed on 367 non-essential items including bottled water, beer, wine and alcohol (foreign liquor), tobacco products, dairy products, ornamental items, entertainment equipment, musical instruments, beauty produ...
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Source:
Daily mirror
National inflation hits fresh high in December ami...
Sri Lanka’s headline inflation measured by the National Consumer Price Index (NCPI) hit 14 percent in the twelve months to December 2021— touching a fresh high from November’s 11.1 percent—the...
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Insight on Expenditure
New Year “Kevili” Table Costs 7 Percent...
The cost of preparing a traditional kevil...
Tax concessions account for half of the...
All sorts of tax concessions (reported as...
Government introduces new expenditure an...
On 05 December 2024, the government prese...
How is the election budget spent?
The General Election is approaching, and the government expects to spe...
The price of parliament- What does it lo...
In 2022, the most recent year with detail...
Poor transparency in large scale infrast...
Section 9 of the RTI Act No. 12 of 2016 m...
Economic Transformation Act's 2.3% Prima...
The Economic Transformation Act (ETA), en...
2023 Budget’s expenditure limit overshot...
The Ministry of Finance Annual Report, re...
2023 government expenditure surge matche...
Government spending increased by 20% in 2...
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Featured
Total SOE Losses in the first four months of 2022...
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...
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Sri Lanka met 25% of IMF commitments and failed 1...
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to 'The IMF Tracker', a new online tool launched by Verit&ea...
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Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one du...
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