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Public Finance Data and Analysis
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Expenditure
Insights and analysis of government expenditure.
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue.  In the financial year 2023/24 the tax expenditure statement published by the gove...
From The PF Wire
Source:
Daily Mirror
SL will soon need to cut down number of state sect...
Sri Lanka plans to downsize its public sector workforce from 1.3 million to 750,000 employees due to fiscal constraints, aiming to enhance efficiency through rationalisation, competitive salaries, and digitalisation whi...
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Source:
Daily Mirror
Over Rs. 216 Mn in COVID funds credited to Preside...
A decision has been taken to wind up operations of the “Covid 19 Health and Social Security Fund”, which was established to provide relief to those affected by the Covid 19 epidemic, and over Rs. 216 million remaining in the Covi...
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Source:
Daily News
Govt. to provide Kerosene subsidy to low-income fa...
Power and Energy Minister Kanchana Wijesekera said that the Government will take steps to provide a Kerosene subsidy for low-income families and people engaged in fisheries and plantations sectors. “This subsidy applies to low-income families dependent on Kerosene, as well as to p...
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Insight on Expenditure
Rising interest payments crowd out capit...
Sri Lanka’s government 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...
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Featured
Is the Pandemic the Sole Cause for the Depletion i...
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with
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Tax revenue misses IMF target in 1st quarter!​
According to the 2022 Annual Report from the Ministry of Finance, tax revenue for the first quarter of 2023 experienced a surge of 56%, amounting to LKR 578 billion. This was a increase from the LKR 370 billion collected during the same peri...
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“Sugar Scam” is not the Whole Iceberg: “Forestalli...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
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