Sri Lanka is expected to achieve close to 4% economic growth by the end of 2024, despite earlier years of economic contraction and lower growth forecasts from international organizations. &nb...

International Sovereign Bonds (ISBs) can enhance government accountability and performance by enforcing financial discipline, despite their high-interest costs, according to Prof. Shanta Devarajan of Verité Research....

The budget deficit in the first five months of this year decreased by 64% (Rs. 367 billion) due to higher revenue and lower expenditure. Revenue increased by 44% to Rs. 1.6 trillion, while expenditure dropped by 7% to Rs. 2...

In May 2024, Sri Lanka collected a record Rs. 400 billion in revenue, with total government revenue for the first five months reaching Rs. 1,619.2 billion, significantly up from Rs. 1,122.4 billion in the same period in 202...