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Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
Featured Insight
Flagging corruption in procurement!
A Corruption Red Flag System can help detect fraud in tenders, such as overpriced services and substandard medical supplies, by identifying high-risk deals where bidders are connected. Other countries have successfully used similar systems to prosecute corruption cases, but Sri Lanka lacks one due to limited information on the e-Government procurement platform. Currently, only 9 out of 73 possible corruption red flags can be detected. If the government fully complied with the RTI Act, this number could increase to 23, and with further disclosures, up to 28. Greater transparency could help identify risky tenders, prevent corruption, and save public funds.
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Budget 2025
Budget 2025
Detailed analysis of the 2025 Budget
From The PF Wire
Source:
Daily Mirror
Budget 2025 aimed at involving all segments linked...
President Anura Kumara Dissanayake emphasized the need for the 2025 budget to ensure equitable economic distribution, extend urban benefits to grassroots levels, strengthen public transportation, optimize decentralised funds,...
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Insight on Budget 2025
NPP manifesto promises on social welfare
The NPP Presidential Election manifesto f...
NPP Manifesto Promises on education
There were several new promises made by t...
Appropriation Bill 2025: Which ministrie...
The Appropriation Bill for 2025, presente...
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Featured
Total SOE Losses in the first four months of 2022...
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...
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What Caused the Rise in Tax Revenue from 2021 to 2...
In the Central Bank's Annual Report for 2022, the government's revenues witnessed a notable surge of 38%, soaring from Rs 1,484 billion to Rs 2,013 billion. A c...
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WHT and PAYE had the largest growth in Q3 2023
The Fiscal Management Report 2024, recently released by the Ministry of Finance, offers a comprehensive analysis of the government's revenue streams. A notable highlight from the report is the remarkable growth in revenue from two key co...
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