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Total Revenue Estimates : Govt and Verité
The government has consistently overestimated its revenue. The government revised it’s initial estimate of LKR 2,019 Bn revised downwards by 22.9% to LKR 1,556. In 2021 Verité's Public report on the 2021 Budget , Verité's calculations estimated the government revenue to be LKR 1,523. Verité’s Public report on the 2022 Budget , estimates that the government revenue for 2022 has been overestimated as well and should be revised downwards to LKR 1,890 Bn Download Publication;
Featured Insight
Total Revenue Estimates : Govt and Verité
The government has consistently overestimated its revenue. The government revised it’s initial estimate of LKR 2,019 Bn revised downwards by 22.9% to LKR 1,556. In 2021 Verité's Public report on the 2021 Budget , Verité's calculations estimated the government revenue to be LKR 1,523. Verité’s Public report on the 2022 Budget , estimates that the government revenue for 2022 has been overestimated as well and should be revised downwards to LKR 1,890 Bn Download Publication;
Featured Insight
Total Revenue Estimates : Govt and Verité
The government has consistently overestimated its revenue. The government revised it’s initial estimate of LKR 2,019 Bn revised downwards by 22.9% to LKR 1,556. In 2021 Verité's Public report on the 2021 Budget , Verité's calculations estimated the government revenue to be LKR 1,523. Verité’s Public report on the 2022 Budget , estimates that the government revenue for 2022 has been overestimated as well and should be revised downwards to LKR 1,890 Bn Download Publication;
Featured Insight
Total Revenue Estimates : Govt and Verité
The government has consistently overestimated its revenue. The government revised it’s initial estimate of LKR 2,019 Bn revised downwards by 22.9% to LKR 1,556. In 2021 Verité's Public report on the 2021 Budget , Verité's calculations estimated the government revenue to be LKR 1,523. Verité’s Public report on the 2022 Budget , estimates that the government revenue for 2022 has been overestimated as well and should be revised downwards to LKR 1,890 Bn Download Publication;
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President requests China to restructure debt repayment
President Gotabaya Rajapaksa who met with visiting Chinese State Councillor and Foreign Minister Wang Yi said it would be a great relief for Sri Lanka in the midst of the economic crisis if debt payments could be restructured. A statem...
2022-01-10
Daily mirror
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Rs. 5,000 allowance for SOE employees, but with conditions
The Government has decided to provide a monthly allowance of Rs. 5000 to employees of State-Owned Enterprises (SOEs) such as corporations and statutory boards
2022-01-23
Sunday Times
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India pledges approx. US$ 2.415B
India has pledged a whopping US$ 2.415 billion to Sri Lanka owing to the current financial crisis mainly caused by external debt payments and a dearth of US dollars. This includes the US$ 500 million credit line, to purchase fuel....
2022-01-22
Ceylon Today
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Sri Lanka pays USD 500mn sovereign bond matured today: CB Governor
The Governor of Sri Lanka’s Central Bank Ajith Nivard Cabraal states that Sri Lanka has paid the USD 500 million sovereign bond that matured today (18).
2022-01-18
LBO
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Workers’ remittances in 2021 fall to 10-year low
Workers’ remittances in 2021 via banking channels have declined to a 10-year low, sparking fresh concerns over Sri Lanka’s biggest net foreign exchange earner.
2022-01-18
Daily FT
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