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25 of 52 Key SOEs identified by Ministry of Finance do not have financial data available online from 2017 onwards
State-owned enterprises (SOEs) continue to play a key role in the Sri Lankan economy, particularly in strategic sectors such as energy, water, banking and insurance, public transportation, ports, and aviation. Currently, the Department of Public Enterprises of the Ministry of Finance overlooks 287 SOEs, while the Department of National Budget has oversight over the remainder. 52 SOEs have been identified as key State Owned Business Enterprises in the Annual report of Ministry of Finance. These SOEs are particularly significant since they also have material fiscal implications for government finances. Whilst some of the 52 SOEs are profit making, others make substantial losses, resulting in negative fiscal impacts and have broader adverse macroeconomic implications. As per the latest online availability of data, 25 of the 52 key State Owned Enterprises (SOE) identified by Ministry of Finance do not have financial information available online after the 2017 Annual Report. Furthermore, 11 of the 52 SOEs have recorded negative Retained Earnings/Accumulated Losses as per the latest available financial data. Guidelines on Corporate Governance for State-Owned Enterprises https://www.treasury.gov.lk/api/file/b7d9bbeb-bb97-4d26-b273-5b7df51566ba
Featured Insight
25 of 52 Key SOEs identified by Ministry of Finance do not have financial data available online from 2017 onwards
State-owned enterprises (SOEs) continue to play a key role in the Sri Lankan economy, particularly in strategic sectors such as energy, water, banking and insurance, public transportation, ports, and aviation. Currently, the Department of Public Enterprises of the Ministry of Finance overlooks 287 SOEs, while the Department of National Budget has oversight over the remainder. 52 SOEs have been identified as key State Owned Business Enterprises in the Annual report of Ministry of Finance. These SOEs are particularly significant since they also have material fiscal implications for government finances. Whilst some of the 52 SOEs are profit making, others make substantial losses, resulting in negative fiscal impacts and have broader adverse macroeconomic implications. As per the latest online availability of data, 25 of the 52 key State Owned Enterprises (SOE) identified by Ministry of Finance do not have financial information available online after the 2017 Annual Report. Furthermore, 11 of the 52 SOEs have recorded negative Retained Earnings/Accumulated Losses as per the latest available financial data. Guidelines on Corporate Governance for State-Owned Enterprises https://www.treasury.gov.lk/api/file/b7d9bbeb-bb97-4d26-b273-5b7df51566ba
Featured Insight
25 of 52 Key SOEs identified by Ministry of Finance do not have financial data available online from 2017 onwards
State-owned enterprises (SOEs) continue to play a key role in the Sri Lankan economy, particularly in strategic sectors such as energy, water, banking and insurance, public transportation, ports, and aviation. Currently, the Department of Public Enterprises of the Ministry of Finance overlooks 287 SOEs, while the Department of National Budget has oversight over the remainder. 52 SOEs have been identified as key State Owned Business Enterprises in the Annual report of Ministry of Finance. These SOEs are particularly significant since they also have material fiscal implications for government finances. Whilst some of the 52 SOEs are profit making, others make substantial losses, resulting in negative fiscal impacts and have broader adverse macroeconomic implications. As per the latest online availability of data, 25 of the 52 key State Owned Enterprises (SOE) identified by Ministry of Finance do not have financial information available online after the 2017 Annual Report. Furthermore, 11 of the 52 SOEs have recorded negative Retained Earnings/Accumulated Losses as per the latest available financial data. Guidelines on Corporate Governance for State-Owned Enterprises https://www.treasury.gov.lk/api/file/b7d9bbeb-bb97-4d26-b273-5b7df51566ba
Featured Insight
25 of 52 Key SOEs identified by Ministry of Finance do not have financial data available online from 2017 onwards
State-owned enterprises (SOEs) continue to play a key role in the Sri Lankan economy, particularly in strategic sectors such as energy, water, banking and insurance, public transportation, ports, and aviation. Currently, the Department of Public Enterprises of the Ministry of Finance overlooks 287 SOEs, while the Department of National Budget has oversight over the remainder. 52 SOEs have been identified as key State Owned Business Enterprises in the Annual report of Ministry of Finance. These SOEs are particularly significant since they also have material fiscal implications for government finances. Whilst some of the 52 SOEs are profit making, others make substantial losses, resulting in negative fiscal impacts and have broader adverse macroeconomic implications. As per the latest online availability of data, 25 of the 52 key State Owned Enterprises (SOE) identified by Ministry of Finance do not have financial information available online after the 2017 Annual Report. Furthermore, 11 of the 52 SOEs have recorded negative Retained Earnings/Accumulated Losses as per the latest available financial data. Guidelines on Corporate Governance for State-Owned Enterprises https://www.treasury.gov.lk/api/file/b7d9bbeb-bb97-4d26-b273-5b7df51566ba
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Recent trends and developments in government expenditure on the education sector.
Expenditure on the Education Sector : Regional Comparison
The UN has dedicated the 24th of January as the
From The PF Wire
Source:
Daily News
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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 , Verit&eacut...
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Underestimation of Sri Lanka’s Central Government...
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Sri Lanka Has The Highest Inflation Amongst South...
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other...
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