budget 2022

Relief Package a Real Relief or an Economic Destabiliser?
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Published on The Morning The Cabinet last week approved a relief package worth Rs. 229 billion presented by the Minister of Finance. For Gayathri (35) (not her real name), it brought much joy going into the new year as she...
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Sri Lanka is Being Pushed Towards Bankruptcy; Budget does not address any burning issues: Eran
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Published on Lanka Business Online The country has plunged into a massive financial crisis, with all sectors including the economy collapsing but the budget 2022 has no proposals to resolve any of the burning issues said Eran Wickramaratne addressing the...
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Budget Deeply Flawed: Nishan de Mel
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Published on The Morning The Budget for the fiscal year 2022, which was passed with a majority of 93 votes at its third reading in Parliament, is flawed, pointed out Colombo-based think tank Verité Research Executive Director Nishan de Mel....
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Budget Fails to set up Stable Fiscal Regime – Verite Research
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Published on Sunday Observer  The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...
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Govt. continues to amend Governing Fiscal Law to suit its Agenda: Verité Research
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Published on Daily Mirror The credibility of the government is significantly undermined as authorities continue to fail in adhering to the governing fiscal law of the country, the Colombo-based economic think-tank Verité Research said in their latest report. While the...
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“Regular violations, changes to law erode credibility”
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Published on Ceylon Today The failure of the executive to adhere to the governing fiscal law significantly undermines the overall credibility of the government, says the Colombo-based think-tank Verité Research. In addition, parliament has a responsibility to ensure that the...
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Budget and Tax
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Published on DailyFT Coinciding with the third reading of Budget 2022 today, Verité Research this week released a public report detailing the research organisation’s analysis on the estimates and assumptions used in the formulation of the Budget. In it, Verité...
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Govt. Urged to Initiate Groundwork for Debt Restructuring as Plan B
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Published on Daily Mirror Verite Research ED Dr. Nishan de Mel says SL will be in deeper crisis if govt. waits longer for Plan B Says govt.’s Plan A would push SL to sell or forfeit enormously valuable national assets...
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Budget 2022 Fails in Critical Outcomes: Verité Research
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Published on DailyFT Releases public report ahead of third reading of Budget in Parliament tomorrow Opines Budget has failed to establish a stable fiscal regime, credibility in its fiscal projections and build confidence for global markets and rating agencies Budget...
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Budget Fails to Establish Stable Fiscal Regime: Verité Research
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Published on The Morning Issuing a public report on Budget 2022 ahead of third budget reading, Colombo-based think tank Verité Research said that Budget 2022 fails in establishing a stable fiscal regime. “In January 2020, a new tax structure was...
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