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IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
Featured Insight
IMF Article IV Report – Key Issues and Recommendations
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on February 10th, 2022. Following is a summary of the key findings of the report under 5 distinct subsections.
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Expenditure
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:
The Morning
Rs. 3,000 allowance for pensioners from next week
Rs. 3,000 interim allowance for all pensioners starting next week. President Anura Kumara...
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Source:
The Island
Overall decline in April PMI
The PMI recorded a value of 42.0, signaling a contraction in the manufacturing sector, driven by declines in New Orders, Production, Employment, and Stock of Purchases sub-indices.
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Source:
Daily Mirror
Senior citizens’ bank interest income below Rs.100...
The Finance Ministry has decided to exempt withholding tax (WHT) from senior citizens who earn below Rs. 100,000 from their bank interests, Finance State Minister Ranjith Siyambalapitiya said. He said the decision was taken considering the inconvenience caused to them due to the WHT.
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Insight on Expenditure
Government Expenditure on Samurdhi Payme...
In 2020,the government spends LKR 52.5 bi...
How does the supplementary estimate of L...
The supplementary estimate of Rs. 200 bil...
How did the Government Finance its Expen...
Details on the government expenditure and...
Gender-Responsive Budgeting: Evaluating...
This report assesses the extent to which...
What does the Government’s acquisition o...
The Committee on Public Finance (COPF) Re...
Has the Government Fulfilled the Promise...
The National Policy Framework: Vistas...
Incorrect accounting measure understates...
The government spent only 6% of the Ituk...
On the 23rd of March 2020, President Gota...
Has the Government Fulfilled its Policy...
The National Policy Framework: Vistas...
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Featured
The Problem with Procurement
Sri Lanka’s lack of compliance with the RTI Act and failure to meet IMF Commitments.Sri Lanka’s 2023 IMF Programme includes a commitment to disclose public pro...
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Schrodinger’s Banks: The Immediate Need for Polici...
This article was compiled by Professor Udara Peiris. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Fi...
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The Cost of a Kevili Table in 2024
The cost of assorting a traditional “kevili” table for the Sinhala and Tamil New Year has gone down in 2024 compared to 2023 but remains more than twice as high as it was in 2019.
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