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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 19 billion for domestically funded defence projects and LKR 12 Bn for a construction of defence headquarters. Allowances for public sector workers amounted to LKR 7.3 billion. All of which outweigh the cost to hold an election.
Featured Insight
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 19 billion for domestically funded defence projects and LKR 12 Bn for a construction of defence headquarters. Allowances for public sector workers amounted to LKR 7.3 billion. All of which outweigh the cost to hold an election.
Featured Insight
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 19 billion for domestically funded defence projects and LKR 12 Bn for a construction of defence headquarters. Allowances for public sector workers amounted to LKR 7.3 billion. All of which outweigh the cost to hold an election.
Featured Insight
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 19 billion for domestically funded defence projects and LKR 12 Bn for a construction of defence headquarters. Allowances for public sector workers amounted to LKR 7.3 billion. All of which outweigh the cost to hold an election.
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Sri Lanka’s CEB sells LTL shares to West Coast IPP for Rs26bn
Sri Lanka’s state-run Ceylon Electricity Board has sold shares of an affiliate to West Coast Power Company Limited, an independent power producer giving profits of 25.9 billion rupees in the March 2024 quarter, interim accounts showed.
2024-05-18
Economy Next
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Recovery at stake as deal with bondholders delays: Economists
Economists warn that Sri Lanka's failure to reach a restructuring agreement with its bondholders by the set deadline could severely hinder the nation's recovery efforts. With over US$12 billion in outstanding bonds and accumulating arrears, delays in finalizin...
2024-04-17
Daily Mirror
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DEBT RESTRUCTURING: SL could still face foreign debt stock above 70% of GDP
The Asian Development Bank (ADB) has warned that even after completing debt restructuring, Sri Lanka may still face external debt exceeding 70% of its GDP unless it implements debt management laws. The bank's April Development Report und...
2024-04-16
The Morning
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Prioritise building inclusive social protection system: ADB tells Sri Lanka
The Asian Development Bank (ADB) underscores the immediate need for Sri Lanka to establish institutional frameworks for an inclusive social protection system, vital for economic recovery. Fragmented past programs have resulted in low coverag...
2024-04-16
Daily Mirror
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Sri Lanka making new economic laws to embed structural reforms
Sri Lanka is undergoing a legislative transformation, with Treasury Secretary Mahinda Siriwardana revealing plans to introduce new laws and revise existing ones based on past experiences and lessons learned. The focus lies on structural refo...
2024-04-14
Economy Next
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