Topics
Explore
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Topics
Articles
Articles
This section contains articles written on public finance.
For Sri Lanka, A Governance-Linked Bond Might Just Be The Ticket
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...
From The PF Wire
Source:
Daily Mirror
Sanctions, incentives crucial for Public Financial...
Sri Lanka's new fiscal management act needs strong enforcement with sanctions and incentives to avoid past failures. Sanctio...
Read More
Source:
Daily FT
Verité Research shares structure for rational, eff...
Verité Research launched a groundbreaking initiative titled 'Blueprint for a Rational Government in Sri Lanka,...
Read More
Source:
Economy Next
Sri Lanka inflation rises to 6.5-pct in Jan 2024,...
Sri Lanka's inflation measured by the Colombo Consumer Price Index (CCPI) reached 6.5% in the 12 months leading up to January 2023. This rate is above the statutory target of 5% but within the permissible 2% variation. The increase was influenced by a 2.9% rise in the index during the month,...
Read More
Insight on Articles
Property Taxes: No Thanks but Many Thank...
This article was compiled by Professo...
Freeing the Balance Sheets of Banks: Sri...
This article was compiled by Professo...
Navigating SOE reforms in an election ye...
This article was compiled by Dr. Mala...
Worry about the total government expendi...
This a...
Proposed 13% primary expenditure rule fo...
On May 22, 2024, the government o...
Economic Policies in an Election Year: S...
Dr. Sharmini Coorey is a non-resident...
Economic Policies in an Election Year: S...
Dr. Sharmini Coorey is a non-resident...
Can We Build a World-Class City with Thi...
This article was compiled by Dr. Sanj...
Wanted: An Authentic Minister of Finance...
This article was compiled by Professo...
page
1
of
3
‹
1
2
3
›
Featured
Exceptionalism of Domestic Debt Restructuring in S...
Sri Lanka's approach to Domestic Debt Restructuring (DDR) stands out in its specificity and methodology. Notably, the strategy is centred on restructuring superannuation funds and Central Bank Holdings. According to an IMF staff report t...
Read More
Sanitary Napkins: Subjected to Unreasonably High T...
The total tax burden on Sanitary napkins is 47.1%, this is significantly higher than the tax burden of selected non-essentials items, gold jewelry, raw silk, golf clubs and gol...
Read More
Sri Lanka’s government education spending is the l...
In 2022, Sri Lanka’s government—both provincial and central—dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for educatio...
Read More
