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Complying with the Right to Information Act on foreign financing is important, and foreign lenders can help

Large infrastructure projects of the government are often financed by foreign loans and grants. When the amount exceeds USD 100,000, the law requires information about the projects to be disclosed to the public online. However, compliance wi...

How did Sri Lanka Finance Government Expenditure in 2022?

Total government expenditure for the year 2022 amounted to LKR 4,472 billion. Out of which total revenue and grants could only cover 45% of spending while the remaining 55% was financed via borrowings. The infographic below provides a breakd...

Relief Package: What it Entails and How will it be Financed?

In response to rising living cost with inflation rate of 12.1%1 in December 2021, the cabinet of ministers approved a relief package amounting to LKR 229 billion on the 3rd of January 2022. The following infographic depicts the proposals included in the rel...

Physical Progress and Fund Utilization of the Large and Mega Scale Development Projects

Completion of development projects funded by public funds within the stipulated period for the delivery of planned benefits to the general public, as well as the start of future initiatives based on the outputs of completed projects, is iden...

Sri Lankan Airlines: Annual and Accumulated Loss to the Public

The total liabilities of Sri Lankan Airlines have increased over the years and have resulted in the gradual decrease in the net assets value of the company. As per the financial statements published in 2020, the company had a negative net as...

What percentage of shareholding does the Sri Lankan Government have in companies listed on the Colombo Stock Exchange?

What percentage of shareholding does the Sri Lankan Government have in companies listed on the Colombo Stock Exchange? According to the Ministry of Finance&...

Sri Lanka Received USD 987 Million in Foreign Loans and Grants for Combatting COVID-19 in 2020 and 2021

Sri Lanka has received USD 987 Million as loans and grants to combat COVID- 19 from February 2020- May 2021. World Bank has been the highest donor and lending agency to Sri Lanka for combatting COVID-19.