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Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
Featured Insight
Sri Lanka's best kept secret
The lack of fiscal transparency is a key factor that contributed to the present crisis and loss of credibility of the government, both at home and abroad. Several commitments made by the government in its agreement with the International Monetary Fund (IMF), and several recommendations made by the IMF in its latest governance diagnostic on Sri Lanka, highlight the importance of improving fiscal transparency.
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This section contains articles written on public finance.
The Best Next Step for Improving Tax Collection
This article was compiled by Sumini Siyambalapitiya. Sumini Siyambalapitiya is a former Lead Analyst in the Economics team of Verité Research and se...
From The PF Wire
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,...
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Source:
Island
GDP grew at 4.5% during fourth quarter of 2023, bu...
The GDP growth rate of Sri Lanka for 2023 was reported as -2.3%, indicating a contraction, according to the Department of Census and Statistics (DCS). Despite this overall decrease, the agricultural sector experienced a growth of 2.6%, contrasting with declines in the industrial and services sect...
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Source:
Island
Experimenting with State-Owned Enterprises
Sri Lanka reports a total of 527 State-Owned Enterprises (SOEs), with 55 deemed strategically important. However, transparency issues arise as only 11 out of 52 SOEs have published financial data up to 2022, obscuring the full extent of their losses and employment figures. Amidst public concern o...
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Insight on Articles
The Rise Of The Zombie Firms: The Proble...
This article was compiled by Professor Udara Peiris. Udara Peiris joined O...
For Sri Lanka, A Governance-Linked Bond...
This article was compiled by Dr. Nish...
Backwards in blacklisting: Enabling corr...
Subhas...
“Sugar Scam” is not the Whole Iceberg: “...
This article was compiled by Dr. Nish...
Is Sri Lanka Addicted to Missing Revenue...
This article was compiled by Dr. Nish...
Schrodinger’s Banks: The Immediate Need...
This article was compiled by Professo...
Large Scale Infrastructure, Small Scale...
This article was compiled by Subhashi...
Too Many ‘Known Unknowns’ in Sri Lanka’s...
This article was compiled by Dr. Nish...
The Best Next Step for Improving Tax Col...
This article was compiled by Sumini S...
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Featured
Total and primary deficits run in opposite directi...
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase a...
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Sri Lanka met 46 IMF commitments and failed 12 by...
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Re...
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Schrodinger’s Banks: The Immediate Need for Polici...
This article was compiled by Professor Udara Peiris. Udara Peiris joined Oberlin in the fall of 2022. He was previously a tenured Associate Professor of Fi...
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