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Who is responsible for Alternative facts on Cigarette Taxation?

The term ‘Alternative Facts’ has come to describe ‘blatant falsehoods’ spread to the media by those in power who purposely create doubt about even obvious and easily verifiable facts. Over the last few months, the Sri...

Fixing Sri Lanka's Revenue Problem is a Priority

Taxes are the key source of government revenue. Normally, the tax share as a percentage of gross domestic product (GDP) is expected to increase as the per capita GDP rises. This Insight shows that in Sri Lanka, this is not the case; the country’s per capita GDP ha...

Education and Health in Budget 2016: Grand promises don't bode well for governance

Governments make attractive promises when presenting the Budget. However, successive Budgets have shown that making promises is easier than keeping them. The extent to which the present government will be able to keep its promises will depen...

The Budget is not Mainly about Money, it’s about Governance

Budgeting is a governance process that drives national plans, priorities and policy. While much of that is reflected in the content of the budget, important governance aspects are also reflected in the budgeting process. The Open Budget Surv...

Central Bank’s 30 year Bond Debacle: Trust is the biggest loss

The Sri Lankan Central Bank’s issue of a 30 year Bond on February 27, 2015 ran into immediate controversy. The main reason was that markets were expecting the Bank to take up only around one billion rupees,...

Strengthening Parliament Critical for Credible Budgets

Previous Insights on Sri Lanka’s budgets showed considerable variation between publicly declared budget allocations and actual expenditure on line items. This gap can create a credibility proble...

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