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Public Finance Data and Analysis
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Expenditure
Insights and analysis of government expenditure.
Total SOE Losses in the first four months of 2022 Outweigh Annual Losses in 2021
During the first four months of 2022 the cumulative loss of State-Owned Enterprises (SOEs) amounted to LKR 860 BN. This figure outweighs the annual loss of SOEs in 2021.  The top 3 contributors to the increase of the...
From The PF Wire
Source:
Daily News
President directs Govt institutions to limit expen...
On the instructions of President Ranil Wickremesinghe, President’s Secretary Saman Ekanayake has informed all government institutions to strictly adhere to the Circular issued by the Treasury regarding the limitation of government expe...
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Source:
Ceylon Today
Bonus for Public sector workers
Employees of State corporations and fully government-owned companies will be entitled to bonuses ranging from a minimum of Rs 5,000 to a maximum of Rs 15,000 this season.
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Source:
Ceylon Today
No Vehicle Imports in 2022 – Basil
Minister of Finance Basil Rajapaksa said the importation of vehicles and new staff recruitments to the public sector will not be permitted in 2022. While noting that efforts should be made to stop the importation of milk powder, Rajapaksa ad...
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Insight on Expenditure
Government introduces new expenditure an...
On 05 December 2024, the government prese...
How is the election budget spent?
The General Election is approaching, and the government expects to spe...
The price of parliament- What does it lo...
In 2022, the most recent year with detail...
Poor transparency in large scale infrast...
Section 9 of the RTI Act No. 12 of 2016 m...
Economic Transformation Act's 2.3% Prima...
The Economic Transformation Act (ETA), en...
2023 Budget’s expenditure limit overshot...
The Ministry of Finance Annual Report, re...
2023 government expenditure surge matche...
Government spending increased by 20% in 2...
How did the government finance its expen...
The 2023 fiscal numbers, recently release...
Large Scale Infrastructure Small Scale D...
Sect...
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Featured
Sri Lanka’s Fitch Credit Rating has been downgrade...
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings.   ...
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Will the budget's veil of secrecy be lifted in 202...
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.  
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Interest Costs Have Been Eating Up Revenue
In 2023, for the first time in history, the government spent 9% of its GDP on interest payments, which took up 80% of the government revenue.   A high interes...
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