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The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread of the COVID-19 virus in the country and related social welfare programmes”. The fund was financed through donations received from organizations and individuals. In order to assess how the fund has been utilized, Verité Research filed a Right to Information (RTI) request with the Presidential Secretariat on the 21st of October 2021. In response to this RTI request filed, data was received on 19th November 2021, where the Presidential Secretariat outlined that the total fund balance as of 30th September 2021, was over LKR 1,800 million. However, only 10.6% (LKR 197.5 million) of this amount has been spent. The breakdown of the spending is depicted in the following infographic.
Featured Insight
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread of the COVID-19 virus in the country and related social welfare programmes”. The fund was financed through donations received from organizations and individuals. In order to assess how the fund has been utilized, Verité Research filed a Right to Information (RTI) request with the Presidential Secretariat on the 21st of October 2021. In response to this RTI request filed, data was received on 19th November 2021, where the Presidential Secretariat outlined that the total fund balance as of 30th September 2021, was over LKR 1,800 million. However, only 10.6% (LKR 197.5 million) of this amount has been spent. The breakdown of the spending is depicted in the following infographic.
Featured Insight
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread of the COVID-19 virus in the country and related social welfare programmes”. The fund was financed through donations received from organizations and individuals. In order to assess how the fund has been utilized, Verité Research filed a Right to Information (RTI) request with the Presidential Secretariat on the 21st of October 2021. In response to this RTI request filed, data was received on 19th November 2021, where the Presidential Secretariat outlined that the total fund balance as of 30th September 2021, was over LKR 1,800 million. However, only 10.6% (LKR 197.5 million) of this amount has been spent. The breakdown of the spending is depicted in the following infographic.
Featured Insight
The Government Spent Only 10.6% of The Itukama COVID-19 Fund Balance
On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the “Itukama” COVID-19 Healthcare and Social Security Fund. The fund’s purpose was to “strengthen the mitigation activities aimed at controlling the spread of the COVID-19 virus in the country and related social welfare programmes”. The fund was financed through donations received from organizations and individuals. In order to assess how the fund has been utilized, Verité Research filed a Right to Information (RTI) request with the Presidential Secretariat on the 21st of October 2021. In response to this RTI request filed, data was received on 19th November 2021, where the Presidential Secretariat outlined that the total fund balance as of 30th September 2021, was over LKR 1,800 million. However, only 10.6% (LKR 197.5 million) of this amount has been spent. The breakdown of the spending is depicted in the following infographic.
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Recent trends and developments in government expenditure relating to the environment.
From The PF Wire
Source:
Daily Mirror
Govt. to seek foreign funding for green bond
The government plans to initiate talks with foreign parties to obtain green bond financing facilities to fund green ongoing projects, to meet the country’s climate commitments and to achieve the Sustainable Development Goals.
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Source:
Ceylon Today
Surakimu Ganga Programme: Govt sets aside Rs 200 M...
The Government has set aside Rs 200 million for the Surakimu Ganga Programme which aims to protect 103 rivers islandwide. Funding has been allocated in response to Minister of Environment Mahinda Amaraweera’s request, and projects for...
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Insight on Environment
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The UN has dedicated the 24th of January as the
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Central Bank of Sri Lanka Six Month Road Map – Hav...
In October 2021, the Central Bank governor announced a six-month road map to ensure macroeconomic and financial system stability. 14 Goals that had a verifiable quantified target were selected and tracked to identify if th...
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IMF Article IV Report – Key Issues and Recommendat...
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on Febru...
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