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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
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Govt sector salary increase between 24% to 50 % in 2025
Substantial salary increases for public servants, ranging from 24% to 50%, along with performance-based increments and benefits, effective from January 2025. &nbs...
2024-08-23
Daily News
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IMF reiterates need for Sri Lanka to have an equitable tax system
The IMF stresses the importance of Sri Lanka implementing an equitable tax system to improve revenue collection, stabilize fiscal conditions, and foster sustainable economic growth amid ongoing challenges.
2024-07-13
Daily Mirror
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Barclays says it remains “overweight” on SL ISBs
Barclays maintains an "overweight" rating on Sri Lanka's bonds, recommending the purchase of those with higher past due interest claims due to favorable restructuring developments and signs of economic recovery.
2024-07-12
Daily FT
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ISB deal: Inclusion of governance linked bond worthwhile
The inclusion of Governance Linked Bonds in Sri Lanka's bondholder deal is essential for debt sustainability, as noted by Bloomberg. Verité Research suggested these bonds to curb corruption, strengthen banks, and...
2024-07-11
The Morning
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Salary increase for striking public servants would require VAT hike: Treasury Secretary
The salary demands of striking public servants would require increasing the VAT from the current 18% to between 20%-23%, which is not viable. This highlights the significant fiscal challenge and the necessity for sustainable...
2024-07-09
Daily FT
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