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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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Forensic audit revealed LKR 10 bn loss to EPF in irregular bond market transactions
The Presidential Commission of Inquiry that investigated the 2015 Bond Scam recommended a forensic audit of the EPF's historical transactions in the bond and equity markets. The forensic audit, published in 2019, produced five reports. T...
2024-10-04
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9 Years Since Bond Scam
The 27th of February marks nine years since the infamous “bond scam” of 2015. This resulted in a forensic audit, completed in 2019, on activities of the Central Bank of Sri Lanka (CBSL) with regard to bond market auctions and irr...
2024-02-27
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Sri Lanka Experiences Its Highest Rate Of Inflation Since 1954
The infographic depicts Sri Lanka’s inflation rate from 1954 to June 2022. Previous insights show the key contributors to rising inflation....
2022-06-13
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Central Bank of Sri Lanka Six Month Road Map – Have the said goals been achieved ?
In October 2021, the Central Bank governor announced a six-month road map to ensure macroeconomic and financial system stability. 14 Goals that had a verifiable quantified target were selected and tracked to identify if th...
2022-04-06
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Net Foreign Assets of the Central Bank turns negative at a multi-decade low in August 2021
Net Foreign Assets (NFA) of a country's monetary authority refers to the difference between gross foreign reserve assets and liabilities related to foreign reserves. Typically, such liabilities include the Centr...
2021-11-04
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