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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 s...

Sri Lanka’s Expenditure on COVID-19 Response is Much Lower Than its Regional Peers

According to Ministry of Finance, Sri Lanka has incurred a total of LKR 117.5 billion in 2020 and LKR 53.0 billion during Jan-June of 2021 as expenses on the country’s COVID-19 response.

Sri Lanka Transport Board’s (SLTB) is making a loss in 2020 for the first time since 2016

Annual operating profit of SLTB has declined substantially by 250 % in 2020. SLTB has been operating profitably from 2017 onwards. However, an operating loss of LKR 2,3...

Sri Lanka Received USD 987 Million in Foreign Loans and Grants for Combatting COVID-19 in 2020 and 2021

Sri Lanka has received USD 987 Million as loans and grants to combat COVID- 19 from February 2020- May 2021. World Bank has been the highest donor and lending agency to Sri Lanka for combatting COVID-19.

How does the supplementary estimate of LKR 200bn on control of the covid epidemic change the budgeted figures for 2021 ?

The supplementary estimate of Rs. 200 billion submitted by the government for the control of the Covid epidemic and other urgent needs was passed in Parliament on 23rd June 2021. This will lead to an increase in the budgeted expenditure and...

The government spent only 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 s...

Sri Lanka’s COVID-19 relief compared to selected regional peers

In March, the Government of Sri Lanka announced a Rs.5,000 handout to vulnerable communities affected by COVID. How do Sri Lanka’s efforts compare to fiscal spending on the vulnerable by regional peers?

Itukama COVID – 19 Healthcare and Social Security Fund

On the 23rd of March 2020, President Gotabaya Rajapaksha initiated the COVID-19 Healthcare and Social Security Fund. Since then the fund balance has surpassed LKR 1 billion. Here is a snapshot of the fund.