Press Releases

Targeting Assistance: Electricity Consumption is a Superior Method – Verité Research Sri Lanka Economic Policy Group
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In their second public release, supported by a new research note, the Verité Research Sri Lanka Economic Policy Group recommends using electricity consumption as a highly effective and efficient method for targeting cash transfers to the poor.  The analysis finds that Samurdhi only reaches about 40% of the poorest decile,...
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Verité Research Sri Lanka Economic Policy Group recommends immediately reinstating PAYE and WHT tax collection methods and implementing the formula on cigarette taxation
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These are immediate simple efficiency measures that will increase tax collection by LKR 229 BN for 2023, and proportionately for the rest of 2022.  Sri Lanka ran out of foreign currency reserves and suspended debt re-payment in April 2022. People’s lives, along with the economy in Sri Lanka are being...
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Verité Research releases Public Report on Budget 2022 ahead of third Budget reading
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2022 will be a pivotal year in Sri Lanka's external debt management and the economy as a whole. The budget 2022, currently being debated in parliament, provides an opportunity to map a path out of Sri Lanka's prevailing economic troubles. On December 10th 2021 members of parliament will vote on...
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Verité Research Highlights Key Takeaways from Budget 2022 Speech during Expert Commentary
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Verité Research hosted an expert commentary on the budget speech immediately after it was presented to parliament on November 12, 2021. The commentary focused on the promises stated in the budget speech along with analytical insights from PublicFinance.lk. Major Highlights According to the values given in the budget speech, revenue...
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Verité Research to host expert commentary on Budget 2022 on 12th November
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Following the success of last year’s budget event, Verité Research will be hosting an expert commentary on the budget speech immediately after it has been presented to Parliament on 12th November. The commentary will focus on the promises made in the budget speech with analytical insights from PublicFinance.lk. Hosted by...
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Verité Research presents Rational Formula for Cigarette Taxes at latest forum
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A Rational Formula for Cigarette Taxes: An Alternative to Ad Hoc Taxation was the title of a recent online seminar by Verité Research, on 28th October 2021. The analysis showed that the government is currently forfeiting 20 to 25 billion rupees of additional revenue, annually, by failing to apply the...
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Lack of Budget Credibility a Significant Challenge to the 2022 Budget
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The BudgetPromises dashboard on the PublicFinance.lk platform sheds light on two questions about Sri Lanka’s budget: “is the Government doing what it is saying?” and “is the Government saying what it is doing?” BudgetPromises was launched in 2017 and tracks the progress and openness of key proposals in the budget....
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Verité Research hosts Pre-budget Forum, offers solutions for USD Liquidity Crisis and Proposals for Budget 2022
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Verité Research hosted the online discussion Steering out of the Debt Crisis: Recipe for Budget 2022 on the 14th of October 2021. The event was anchored around addressing Sri Lanka’s debt and USD liquidity crisis, and featured presentations by Executive Director Nishan de Mel, Research Director Deshal de Mel, and...
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mood of the nation
Verité Research releases results of island-wide farmers’ survey on fertiliser ban
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On April 22, 2021, President Gotabaya Rajapaksa announced a ban on the import of chemical fertiliser in Sri Lanka. Verité Research conducted a “Farmers’ Pulse” telephone survey to elicit the views of farmers, on this policy and its expected impact. This is the first time that the perception of Sri...
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