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Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
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Budget 2023
Budget 2023
Detailed analysis of the 2023 Budget
Sri Lanka's Fiscal for Targets for 2023
Sri Lanka Budget 2023: Government revenue is expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023.
From The PF Wire
Source:
Daily FT
Verité Research says progress unknown of 2023 Budg...
Verité Research on Wednesday revealed that Budget 2023 proposals to the value of Rs. 43.8 billion or 89% of the funds allocated, the Government was not able to provide information on progress.
Read More
Source:
Daily News
Economy witnessed gradual revival in 2023 – CBSL
The Central Bank of Sri Lanka reported a gradual economic revival in 2023, following the country's most severe post-Independence downturn. Th...
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Source:
Sunday Times
Treasury orders ministries to further reduce budge...
The Finance Ministry has issued a fresh circular, directing ministries to further slash their budgets by six percent... https://www.sundaytimes.lk/230122/news/tre...
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Insight on Budget 2023
Inadequacy of Sri Lanka's budget process
As taxpayers, you fund the national budge...
Parliamentary Budget Office and Public F...
The recently enacted Public Financial Man...
Budget Transparency - Sri Lanka is ranke...
The 2023 edition of the Open Budget Surve...
2023 End Year Budget Promises Study: Tra...
The 2023 End Year Budget Promises Assessm...
Progress unknown of budget proposals whi...
The 25 highest-value expenditure proposal...
Sri Lanka's fiscal performance in 2023 s...
Sri Lanka's fiscal performance in 2023 shows a mixed landscape o...
National Budget Process in 60 Seconds!
The video below describes the National Bu...
Will the budget's veil of secrecy be lif...
The lack of transparency on the implement...
Sri Lanka's best kept secret
The lack of fiscal transparency is a key...
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Featured
Sri Lanka's Fiscal for Targets for 2023
Sri Lanka Budget 2023: Government revenue is expected to be 11.3% of GDP in 2023, according to projections in the Budget 2023.
Read More
For Sri Lanka, A Governance-Linked Bond Might Just...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
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Sri Lanka’s IMF programme was supposed to succeed...
On June 12, the IMF board will sign off on Sri Lanka’s third disbursement under the current programme. But Sri Lanka is still failing on the governance improvements that are foundational for its economic recov...
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