A key debate during Sri Lanka’s economic crisis is whether the current dollar shortage is a short-term liquidity problem or a more protracted and systemic issue that requires debt reduction. This insight responds to the view that the dollar shortage is a short-term liquidity problem primarily caused by reduced tourism revenue since the onset of COVID-19. As this insight describes, there are three reasons to be skeptical of this argument.
China was the leading provider of external finance to Sri Lanka for infrastructure development during 2010-2016 accounting for 37% of the total. Sri Lanka borrowed USD 5,895 million from China for infrastructure development during this period. More than half of these loans from China (53%) came through a special regulatory framework set up in 2010, enabling the government to entertain unsolicited proposals (USPs) for public funded infrastructure projects circumventing the normal competitive procurement process. This research paper analyses the design and the actual practice of this special regulatory framework. The analysis aims to assess the extent to which the design and the actual execution of the special framework facilitated the realisation of its intended objectives.
As Sri Lanka’s crisis continues, up to 50% or more of the population is likely to need state support, however current targeting through Samurdhi reaches just about a quarter of all households and only 40% of the poorest individuals. As such, this background note by the Verité Research Sri Lanka Economic Policy Group recommends household electricity use as a determinant of eligibility for welfare benefits.
This report highlights the failure of the Sri Lankan government in implementing gender responsive budgeting in Sri Lanka. The case of gender KPIs provides a detailed case study of how poor planning of government policies can lead to poor accountability among implementing agencies. The report highlights the importance of conducting good analysis, ensuring that well-defined frameworks and proper oversight mechanisms are in place before proceeding to implement budgetary policies.
This note by the Verité Research Sri Lanka Economic Policy Group estimates the additional revenue that can be collected from reinstating in Sri Lanka two methods of efficient tax collection that were discontinued in 2020. That is: the withholding tax (WHT) and the pay-as-you-earn (PAYE) methods of tax collection. Without any change in the current, reduced, tax rates, and a WHT of 10% the additional revenue that can be collected is estimated to be 0.70% of GDP (which is LKR 184.2 billion in 2023).
In 2019 the government introduced a policy where taxes and prices on cigarettes would be based on an indexation formula. Forgetting to implement the policy is costly: it has resulted in a foregone revenue of 85 billion from 2020-2022 and will cost a further 45 billion in 2023.
This study aims to address the knowledge gap on how ‘cost’ factors can affect the choice architecture for women entering or exiting the labour force by estimating the monetary and non-monetary costs of doing a job for urban women in Sri Lanka. Working-age women in the Western province that were categorized as either currently employed, previously employed, or never employed, were sampled through focus group discussions and a detailed survey questionnaire.
கோவிட்-19 தடுப்பூசியைப் பெற்றுக் கொள்வதற்கான வாய்ப்புக்களை அணுகுதல் மற்றும் தடுப்பூசி மீதான நம்பிக்கை தொடர்பாக உலகெங்கிலும் உள்ள பல்வேறு இனக் குழுக்களுக்கிடையே நிலவும் ஏற்றத் தாழ்வுகளை கோவிட்-19 வெளிச்சித்திற்குக் கொண்டு வந்துள்ளது. பின்னணியாகச் செயற்படும் இக் காரணிகளுக்கு எதிராக வெரிட்டே நிறுவனத்தின் ஊடகத் குழுவினால்; கோவிட்-19 தடுப்பூசி மீதான நம்பிக்கை, கோவிட-19; தடுப்பூசிக்கு உள்ள வரவேற்பு, தடுப்பூசியைப் பெற்றுக் கொள்வதற்கான வாய்ப்புக்களை அணுகுதல் என்னும் விடயங்களில் இலங்கையில் சிங்கள, தமிழ் மற்றும் முஸ்லிம் இனக் குழுக்களைச் சேர்ந்தவர்கள் மீது ஏற்படுத்தியுள்ள தாக்கம் குறித்து இரண்டு பகுதிகளாக ஓர் ஆய்வை நடாத்தி உள்ளது.