Sri Lanka Ilmenite tender flaws expose corruption and fraud

Sri Lanka’s latest sale of mineral sands mainly ilmenite in a flawed tender process conceals more than it reveals depriving the state of millions of rupees in revenue benefiting middlemen and racketeers, according to an Industries Ministry probe.

http://www.sundaytimes.lk/210404/business-times/sri-lanka-ilmenite-tender-flaws-expose-corruption-and-fraud-438731.html

Sunday Times

2021-04-04

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Recap 2024 - 10 key insights by the Public Finance...

As 2024 comes to a close, it’s time to reflect on the year’s key insights brought to you by the Public Finance Platform of Verité Research.

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Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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