Economy in Sri Lanka

November 2021 Reserves Lower than ‘Spider-Man’ Box Revenue
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Published on The Morning  In November 2021 the foreign reserve position of Sri Lanka fell to a 12-year low of $ 1.6 billion, which Verité Research in a humorous social media post pointed out was marginally higher than the global...
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Sri Lanka Debt Re-structuring: Opinion Divided Among Think Tanks
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Published on EconomyNext Sri Lanka should start talking to the International Monetary Fund at least as a second option head of a think tank based in Colombo said, but opinion was divided on whether or not a debt restructuring with...
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Extreme Food Prices Slam Inflation-Ridden Turkey and Sri Lanka
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Published on Nikkei Asia Months into the worst inflation in decades, a new round of food price hikes is ratcheting up pressure on governments around the world. Figures released Thursday by the United Nations' Food and Agriculture Organization show a...
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Sri Lanka Economic Summit to feature session on ‘Resetting the Export Portfolio’ on Day-2
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Published on DailyMirror The upcoming Sri Lanka Economic Summit 2021will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’.  Day two of the event will feature a session dedicated to ‘Resetting the Export...
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Verite Research Recommends Indexation Policy for Cigarette Taxing
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Published on Ceylon Today To reduce Cigarette consumption, while also increasing State revenue and maintaining profit for the Tobacco Company, a study by Verite Research recommends an optimal tax policy which could be indexed to inflation and real GDP growth,...
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Sub-optimal Tobacco Tax Policy Loses Rs. 20 B Revenue – Verite Research
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Published on Ceylon Today Sri Lanka currently loses an estimated Rs. 20 billion in revenue due to the sub-optimal nature of the country’s tobacco tax policy, says Verite Research. During a webinar it has organized, the research institute and think-tank...
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Revenue Enhancement Measures Critical in Budget 2022: Verité
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Published on The Morning Advises to expand tax base instead of increasing tax rate  According to former Economic Advisor to the Minister of Finance and Verité Research Director – Research Deshal de Mel, while revenue enhancement measures will be a...
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Revenue Enhancement Measures Crucial for 2022 Budget
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Published on DailyFT Verité Director Research Deshal de Mel yesterday said revenue enhancement measures remained critical for the upcoming 2022 Budget. He said that as the Sri Lankan economy was still recovering from the impacts of the pandemic as were...
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Why did Sri Lanka’s Budget Deficit Increase in 2020?
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Published on The Morning Sri Lanka’s budget deficit has doubled between the period of 2019 and 2020. The budget deficit increased from Rs. 1,016 billion in 2019 to Rs. 2,090 billion in 2020, an increase of Rs. 1,074 billion. This...
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Doubling Exports in a Decade: Too Ambitious or Easily Achievable?
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Published on The Morning The Export Development Board (EDB) in April 2011 announced that Sri Lanka aims to increase its export earnings to $ 20 billion by the year 2020. This brought good news on the future of foreign reserves...
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