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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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Budget 2024
Budget 2024
Detailed analysis of the 2024 Budget
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
From The PF Wire
Source:
Daily Mirror
Budget deficit narrows to single digits on higher...
In 2023, Sri Lanka cut its budget deficit to 8.3% of GDP from 10.2% in 2022, despite unpopular tax hikes, in exchange for a $2.9 billion IMF bailout over four years.
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Source:
The Morning
Budget deficit: A stubborn stain on the balance sh...
Sri Lanka's persistent budget deficit has become a perennial issue, plaguing successive governments due to poor financial management practices. Verité Research's recent findings (Read more :
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Source:
Economy Next
Sri Lanka’s 2024 budget to see new welfare, revenu...
Sri Lanka's 2024 budget, set for presentation, emphasizes crucial IMF deficit targets for economic recovery. President Wickremesinghe faces a balancing act, tethered between IMF obligations and public sentiment. Meeting the 13.3% GDP rev...
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Insight on Budget 2024
2025 Vote on Account’s revenue gains may...
On 6 December, Parliament approved the 20...
Vote on Account 2025: Which ministries g...
On 6 December, Parliament approved the 20...
State of the Budget Report Estimates 14%...
Sri Lanka is projected to fall short of i...
Sectoral Allocations: Budget 2024
Sectoral allocations from the 2024 B...
Summary: Budget 2024
The 2024 budget expects budget deficit fo...
Fiscal Targets: Budget 2024
Projections in the budget expect revenue...
Expected GDP Outcomes: Budget 2024
The 2024 budget forecasts a greater contr...
Violation of Fiscal Rules: Budget 2024
The proposed 2024 budget violates the def...
Expenditure Proposals: Budget 2024
Major expenditure proposals from the 2024...
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Featured
Reallocation of Funds Can Help Finance an Election
The infographic depicts the cost of an election in comparison to selected spending decisions undertaken by the government in 2022. In 2022 the government allocated LKR...
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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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State of the Budget Report Estimates 14% Shortfall...
Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’.
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