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தலைப்பு: தெற்காசியாவிலேயே இலங்கைதான் அதிக மின்சாரக் கட்டணத்தை வசூலிக்கிறது: PublicFinance.lk
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
Featured Insight
தலைப்பு: தெற்காசியாவிலேயே இலங்கைதான் அதிக மின்சாரக் கட்டணத்தை வசூலிக்கிறது: PublicFinance.lk
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
Featured Insight
தலைப்பு: தெற்காசியாவிலேயே இலங்கைதான் அதிக மின்சாரக் கட்டணத்தை வசூலிக்கிறது: PublicFinance.lk
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
Featured Insight
தலைப்பு: தெற்காசியாவிலேயே இலங்கைதான் அதிக மின்சாரக் கட்டணத்தை வசூலிக்கிறது: PublicFinance.lk
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka in December 2023 with what households are paying in other South Asian countries. Two findings emerge that justify public concern on electricity bills in Sri Lanka: 1) Sri Lanka has the highest household electricity cost of any South Asian country (see Exhibit 1, comparing against the highest cost areas of supply in other countries). 2) Sri Lankan households are paying c. 2.5 to 3 times more for electricity than the average cost to their counterparts in South Asian countries (see Exhibit 2). A tariff decrease is planned in Feb 2024; this new structure would result in cost reduction in the electricity bill of around 4% or less. Therefore, it will not make a dent in Sri Lanka occupying the position of paying the highest prices for electricity in the region at a multiple of 2.5 to 3 times of what is paid by households in South Asia. The analysis is based on comparing households that consume between 100 to 300 units of electricity per month on single-phase lines (excluding any government taxation on electricity). Exhibit 2 shows that consuming 100 units in Sri Lanka costs LKR 5,280, while the average for South Asia is equivalent to LKR 2,078. Consuming 300 units in Sri Lanka costs LKR 21,860, while the average for South Asia is equivalent to LKR 7,340. Exhibit 1:
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பட்ஜெட் 2024
பட்ஜெட் 2024
2024ம் ஆண்டு வரவு-செலவுத் திட்டம் மீதான விரிவான ஆய்வு
Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest pay...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Daily Mirror
Budget deficit narrows to single digits on higher...
In 2023, Sri Lanka cut its budget deficit to 8.3% of GDP from 10.2% in 2022, despite unpopular tax hikes, in exchange for a $2.9 billion IMF bailout over four years.
மேலும் வாசிக்க
Source:
The Morning
Budget deficit: A stubborn stain on the balance sh...
Sri Lanka's persistent budget deficit has become a perennial issue, plaguing successive governments due to poor financial management practices. Verité Research's recent findings (Read more :
மேலும் வாசிக்க
Source:
LBO
Budget 2024: Pragmatic Implementation & Timely Exe...
The Ceylon Chamber of Commerce views the 2024 Budget as a critical continuation of macroeconomic stabilization efforts initiated in late 2022 to address Sri Lanka's economic challenges. Acknowledging past macroeconomic mismanagement, the...
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நுண்ணறிவு பட்ஜெட் 2024
2024 ஆம் ஆண்டிலும் இலங்கை 33வது ஆண்டாக வ...
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நிதி இலக்குகள்: 2024 பட்ஜெட்
வரவு செலவுத் திட்டத்திலுள்ள கணிப்புகள் 2024 ஆ...
எதிர்பார்க்கப்படும் மொத்த உள்நாட்டு உற்ப...
IMF இன் கணிப்புகளுடன் ஒப்பிடும்போது 2023ல...
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முன்மொழியப்பட்ட 2024 வரவு செலவுத்திட்டம்...
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2024 பட்ஜெட்டில் இருந்து செலவின முன்மொழிவுகள்.
Highlights from the Appropriation Bill f...
In the Appropriation Bill for 2024, key m...
Highlights from the Appropriation Bill f...
The Appropriation Bill for Budget 2024 in...
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விவரணம்
பணவீக்கத்தின் விலை: 2023 இல் 2015 இன் நுகர்வைத் தக...
2023 ஆம் ஆண்டிற்காக மதிப்பிடப்பட்ட பெயரளவிலான மொத்த உள்நாட்டு உற்பத்தியான ரூபா 30.3 ட்ரில்லியனை அடைவதற்கு 2015 ஆம் ஆண்டுக்குரிய ரூபா 11.6 ட்ரில்லியன் அளவிலிருந்து 160% அதிகரிப்பை இலங்கை அனுபவிக்க உள்ளது. எவ்வாறாயினும், 2023 இல் உண்மையான மொத்த உள்நாட்டு உற்பத்தியானது 2015 நிலைகளிலிருந்து ஒப்...
மேலும் வாசிக்க
The EPF is the Single Largest Holder of Government...
On June 28, 2023, the Sri Lankan government unveiled its Domestic Debt Restructuring plan. A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for retirement benefit...
மேலும் வாசிக்க
For Sri Lanka, A Governance-Linked Bond Might Just...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
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