Investment into infrastructure is vital for development. However, in the context of weak governance, public investment into large and complex infrastructure can become a fertile ground for corruption and results in unsustainable, costly, and poor-quality infrastructure that fails to meet the intended objectives.
உட்கட்டமைப்பில் முதலீடு செய்வது அபிவிருத்திக்கு இன்றியமையாதது. எவ்வாறாயினும், பலவீனமான ஆளுகையின் பின்னணியில், பெரிய மற்றும் பல்கூட்டு உட்கட்டமைப்பிற்கான அரச முதலீடு ஊழலுக்கான வளமான களமாக மாறி, விளைவாக நீடுறுதியல்லாத, செலவுகூடிய மற்றும் குறைதரமான உள்கட்டமைப்பை ஏற்படுத்துவதோடு உத்தேசித்த நோக்கங்களை நிறைவேற்றத் தவறிவிடுகிறது.
There is a surge in public agitation against environmental destruction caused by ongoing development projects in Sri Lanka. The surfacing of environmental issues after construction has commenced is highly problematic for two reasons. First, the construction may have already caused damage to the environment, which may be irreversible in certain cases. Second, the revising of original project plans to mitigate environmental damages can result in delays and increased costs.
In 2014 a data dissemination policy was introduced by the Department of Census and Statistics (DCS) in Sri Lanka. The DCS is the primary agency responsible for the collection, compilation and dissemination of official statistics.
This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2021. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.
The published information on debt underestimates Sri Lanka’s overall external public debt burden and its distribution amongst external lenders. This problem arises because Sri Lanka’s reporting of external debt is limited to debt held directly by the central government and excludes debt held by state-owned enterprises (SOEs). This reporting problem is especially evident when estimating Sri Lanka’s overall debt obligations to China, since much of Sri Lanka’s debt from China is placed on the books of Sri Lanka’s SOEs. It also exposes a loophole by which debt statistics can be manipulated, and even miscounted, in the midst of such manipulations.