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Public Finance Data and Analysis
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Expenditure
Insights and analysis of government expenditure.
Tax concessions account for half of the budget deficit
All sorts of tax concessions (reported as “tax expenditure”)costs the government almost a trillion rupees a year in potential revenue.  In the financial year 2023/24 the tax expenditure statement published by the gove...
From The PF Wire
Source:
The Morning
SL to present interim budget in November
Interim budget for Q1 2025 to be presented in November, full Budget 2025 expected in January.  
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Source:
Daily Mirror
PM promises a new budget with capital expenditure...
Prime Minister Ranil Wickremesinghe who met yesterday with representatives from the Chambers of Commerce, the Treasury and Economic Advisers, said a new budget would be presented with proposals for the significant reduction of capital expend...
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Source:
EconomyNext
Sri Lanka inflation gallops to 18.7-pct in March 2...
  Sri Lanka’s inflation galloped to 18.8 percent in March 2022 in the capital Colombo up from 15.1 percent in February as the central bank printed money to keep interest rates low and the currency collapsed in a failed f...
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Insight on Expenditure
Interest Cost Accounts for 71.7 percent...
The domesti...
Sri Lanka’s Budget Cycle
A government budget is its annual financial statement containing expected revenue and expenditure...
New Government Recruitment Schemes: An i...
The Government has recently pledged to hi...
Allocation of Government Expenditure fro...
The Vote on Account from September to December was passed on the 28th of August 2020....
Background on Vote on Account
Today, 28 August 2020, is the last day of the debate in the Parliament...
The Money Spent on Parliament: Where doe...
In 2017, LKR 2,841 Million was spent on P...
The Fiscal Impact of Manifesto Promises
Political par...
Government expenditure on elections (201...
The Election Commissioner recently stated that the cost of the 2020 Ge...
Allocation of Government expenditure fro...
On 31st May 2020, the government issued a circular allocating funds for the perio...
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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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Uncovering Sri Lanka's Debt Trail: Who owns Sri La...
The chart below depicts the ownership of Sri Lanka's external debt as at end of Sept 2022.            
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Change in Tariffs on Monthly Electricity Consumpti...
Electricity tariffs were initially revised in August 2022, which was the first revision since November 2014. However, in February 2023 tariffs were revised again (see table below).      
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