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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 2021
பட்ஜெட் 2021
2021ம் ஆண்டு வரவு-செலவுத் திட்டம் மீதான விரிவான ஆய்வு.
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Daily Mirror
Governement to borrow additional LKR 400 Bn for de...
The Cabinet of Ministers cleared a request to increase the government’s credit limit by further Rs.400 billion to Rs.3.39 trillion for 2021, under Appropriation Act No. 7 of 2020, to meet the pandemic-related additional expenditu...
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Source:
economynext
Sri Lanka budget deficit 4.7-pct of GDP up to June...
Sri Lanka’s budget deficit for the six months to June 2021 was 781 billion rupees, up 6 percent from a year earlier, or 4.7 percent of projected gross domestic product, data shows, though outstanding debt was accelerating at a faster p...
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நுண்ணறிவு பட்ஜெட் 2021
Inconsistency in Budget Numbers Across D...
In November 2020, the Government presented the Budget Speech for 2021....
Missing Estimates in Budget Speeches
The budget for the year 2021 featured a number of missing estimates fo...
Budget 2021: Trade & Industry
The Budget 2021 Debate for the Ministry of Industries & Ministry of Trade is happening today...
2021 வரவு செலவுத்திட்டம் குறித்த பொது அற...
அரசாங்க நிதி பற்றிய குழுவிற்கு (COPF) வழங...
Ministries with Largest Change in Expend...
This infographic captures the change in a...
Breakdown of Government Revenue, 2000 to...
Here is a summary of government revenu...
New Tax Proposals: 2021 Budget
Summary of 2021 Budget
Here’s a summary of government expenditure, revenue and financing allocated in the 2021 Bud...
Total Government Revenue 2021
The chart below shows the breakdown of the budgeted government reven...
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விவரணம்
Sri Lanka's Unique Revenue Problem
Tax to GDP and GDP per capita for most South Asian countries shows a positive relationship as can be show by the infographic below. For example Bhutan had a tax to GDP of 10% in and GDP per capita of 4% in the year 2000....
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Why Tracking the IMF Programme Implementation is o...
This article was compiled by Dr. Nishan de Mel and Raj Prabu Rajakulendran. Dr. Nishan de Mel is the Executive Director of Verité Research and an ec...
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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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