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Civil Administration
Recent trends and developments in government expenditure on civil administration.
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 du...
From The PF Wire
Source:
economynext
Sri Lanka inflation hits 12-year high in Nov 2021...
Sri Lanka’s inflation accelerated to 9.9 percent in the 12-months to November from 7.6 percent in October, in the wake of record money printing for over two years, while policy in reserve currency central banks also deteriorated.
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Source:
Daily FT
Tax amnesty bill, new SEC Bill get Parliament appr...
Parliament yesterday approved two important finance bills including one to grant tax amnesties as well as the new Securities and Exchange Commission of Sri Lanka Bill. The Finance Bill which indemnifies persons who voluntarily disclose taxab...
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Source:
Daily FT
Govt. gazettes Tax Amnesty Bill
The Government has published a Tax Amnesty Bill which would indemnify persons who voluntarily disclose taxable supply, income or assets, against liability from investigation, prosecution and penalties.
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Insight on Civil Administration
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and su...
Sri Lanka's public sector outweighs Asia...
Sri Lanka’s public sector employmen...
Purification Corrupted
Find out how a much-needed water purifica...
Sri Lanka: Backwards in Blacklisting
Sr...
The Problem with Procurement
Sri Lanka’s lack of compliance with...
Is Maldives going down Sri Lanka's path?...
The graphs below depict the Primary Balan...
Only 11 out of 52 SOEs have Published Fi...
Out of the 52 Key State-Owned Enterprises...
The Alternatives to Universal Tax Regist...
This note argues that the Sri Lankan government’s recent proposal to implement universal ta...
International Women's Day
In Sri Lanka, as shown above, women are half as likely to enter the labour market, and twice as l...
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Featured
Will the Increase in Cigarette Taxes Meet Budgeted...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
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State of the Budget Report Estimates 14% Shortfall...
Sri Lanka is projected to fall short of its budget target on revenue to GDP (gross domestic product) for the 33rd consecutive year in 2024, according to the recently released ‘State of the Budget Report 2024’.
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Sri Lanka's mounting interest cost: The largest ex...
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments...
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