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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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Expenditure
Insights and analysis of government expenditure.
A Sri Lankan Household Spends 24% of Average Monthly Expenditure for One Full Tank of Petrol
Sri Lanka's fuel prices increased rapidly within the last few months, even though the Government representatives stated that Sri Lanka still had the lowest fuel prices in the region. However, with the latest fuel prices purchasing a full tank (45 Liters) of Petrol...
From The PF Wire
Source:
Ceylon Today
Food inflation exceeds 30%
Food inflation in Colombo passed the 30 per cent mark for the first time after 13 years and seven months accelerating for the sixth consecutive month to 30.2 per cent last month, as per Census and Statistics Department (CSD) data released ye...
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Source:
Daily Mirror
Govt. prepares for austerity measures; no decision...
Although the government is yet to reach a definite decision whether to go to the International Monetary Fund (IMF) or not, it has begun preparations for austerity measures such as freezing new recruitments and restructuring welfare programme...
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Source:
Daily News
COVID expenditure made from Fuel Price Stabilizati...
There was no Fuel Price Stabilization Fund functional since the Cabinet of Ministers approved such a proposal in March 2020, Energy Minister Udaya Gammanpila said. He s...
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Insight on Expenditure
Infrastructure Watch Dashboard: Infograp...
A Sri Lankan Household Spends 24% of Av...
Sri Lanka's fuel prices increased rapidly within the last few mo...
Fiscal Performance From January to Novem...
The following infographic compares Sri Lankas' fiscal performance from January to Novemb...
Sri Lanka’s Imports Were 4% Higher in 2...
Sri Lanka’s Imports have grown by 4%...
Contributors to Rising Inflation
Sri Lanka has seen a trend in rising inflation, with inflation reach...
Fiscal Performance From January to Augus...
Latest figures...
Sri Lanka’s Expenditure on COVID-19 Resp...
According to Ministry of Finance, Sri Lan...
How much does the Sri Lankan government...
Sri Lanka has planned to allocated LKR 12...
Budget Performance Indicators: The Case...
Sri Lanka developed 12 KPIs in 2018&...
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Featured
Financial Performance of Sri Lanka’s National Wate...
The below figure illustrates how Sri Lanka has performed at providing citizens with least basic drinking water services. As shown, Sri Lanka has had a reasonable performance compared to other South Asian nationsThe National W...
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Earnings from Tourism: Are we getting it right?
Sri Lanka is expecting the earnings from tourism to play a significant role in driving the recovery of Sri Lanka’s foreign currency. However, there are important concerns accuracy of the estimated earnings from tourism....
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Composition of Sri Lanka's Gross Offical Reserves
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is eq...
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