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Civil Administration
Recent trends and developments in government expenditure on civil administration.
Only 11 out of 52 SOEs have Published Financial Data up to 2022!
Out of the 52 Key State-Owned Enterprises identified by the Ministry of Finance, only 11 have released their financial reports until the year 2022 as of June 30th, 2023. This progress does not align with Sri Lanka’s commitment to the I...
From The PF Wire
Source:
Economy Next
Sri Lanka SOE policy to see over 80 firms shifted...
Sri Lanka intends to merge over 80 state firms into a holding company (HoldCo) to improve governance, raise cash, and maintain or facilitate eventual divestment of state ownership. These firms are now overseen by the Secretary to the Treasur...
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Source:
Ceylon Today
Development Lotteries Board achieves Rs 3B in prof...
With the objective of funding the President’s Fund for public services and the Mahapola Higher Education Scholarship Fund, the Development Lotteries Board (DLB) which was founded by Act No. 20 of 1997 has recorded Rs.3 billion in profits for the first time, achieving the annual revenue targ...
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Source:
EconomyNext
Fitch downgrades 10 Sri Lankan Banks after local s...
Fitch Ratings said it had downgraded 10 Sri Lanka banks following a re-calibration of the local currency sovereign rating. All 10 banks on rating watch negative. https://econo...
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Insight on Civil Administration
25 of 52 Key SOEs identified by Ministry...
State-owned enterprises (SOEs) continue t...
Committee on Public Finance : Roles and...
The Committee on Public Finance(COPF) is...
How important is tax data to the public?
Verité Research filed two Right to...
Expenditure on the Civil Administration...
How Much Does Sri Lanka Spend on its Ove...
Sri Lanka’s expenses on foreign mis...
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Featured
Composition of Sri Lanka's Gross Official Reserves
The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is eq...
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Economic Policies in an Election Year: Suggested P...
Dr. Sharmini Coorey is a non-resident fellow at Verité Research. She was a former Department Director at the International Monetary Fund (IMF) and currently a member of the Presidential Advisory Group on multilateral engageme...
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Sri Lanka’s IMF programme was supposed to succeed...
On June 12, the IMF board will sign off on Sri Lanka’s third disbursement under the current programme. But Sri Lanka is still failing on the governance improvements that are foundational for its economic recov...
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