Insights

ஜெனரல்

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வருடாந்தமாக தேர்வு செய்ய

Allocation of Government Expenditure for 2021 as per Appropriation Bill

The Appropriation Bill for 2020 and 2021 was presented to Parliament ahead of the budget speech. The dra...

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Have Governments Fulfilled their Health-related Budget Promises?

Have consecutive governments stuck to their budget promises? In the past, governments have displayed deviations to their expenditure commitments. Here is a snapshot showing the deviations in the healthcare s...

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Government Revenue in 2020 – Not Sufficient to Pay Recurrent Obligations of Salaries and Interest

According to the Ministry of Finance, government revenue is expected to reduce from LKR 1,891 billion in 2019 to LKR 1,450 billion in 2020. Projected government revenue for 2020 will be less than 10% of GDP, among the lowest in the world. This change in revenue is large...

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Have Governments Fulfilled their Welfare-related Budget Promises?

Have consecutive governments stuck to their budget promises? In the past, governments have displayed deviations to their expenditure commitments. Here is a snapshot showing the dev...

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New Government Recruitment Schemes: An increased burden on taxpayers?

The Government has recently pledged to hire 100,000 unskilled/low-income earners and 60,000 unemployed graduates and diploma holders as part of the public sector. With the inclusion of new recruits, more than half of governments revenue is expected to be spent on salaries and pensions.

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2020 Mid-year Fiscal Performance

Latest figures released by the Central Bank of Sri Lanka show that revenue has fallen by 25% in the first half of 2020 compared to the first half of 2019. This has resulted in an increase of the budget deficit by 41% and debt by 8%.

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The Money Spent on Parliament: Where does it go?

In 2017, LKR 2,841 Million was spent on Parliament of Sri Lanka. 60% of the total (LKR 1,711 Mn) was spent on services related to the establishment of the parliament. T...

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The Fiscal Impact of Manifesto Promises

Political parties make a lot of promises in its manifestos. However, the source of financing these promises are rarely mentioned and these promises would have varying impact on the fiscal balances. See below an in...

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Have Governments Fulfilled their Agriculture & Irrigation-related Budget Promises?

Have consecutive governments stuck to their budget promises? In the past, governments have displayed deviations to their expenditure commitments. Here is a snapshot showing the dev...

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