Thematic

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Does Sri Lanka Need More Rules or Better Compliance?

The government of Sri Lanka proposed introducing a new law to establish stronger rules on public finance management. The analysis shows that the core weakness in Sri Lanka is not the lack of rules but the lack of compliance. To be effective, any new law will need to contend with this problem of governance

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The Alternatives to Universal Tax Registration in Sri Lanka

This note argues that the Sri Lankan government’s recent proposal to implement universal tax registration is neither a viable nor effective strategy to increase the country’s tax revenue. Instead, the note proposes four alternative measures that are more feasible, while still serving the same purpose of expanding the tax base and generating more revenue.

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Fair Recruitment of migrant workers in Sri Lanka: A Legal Gap Analysis

Fair and effective recruitment practices have a significant impact on preventing and countering human trafficking. Universally accepted principles of fair recruitment suggest that workers should be well-informed of all aspects of employment, including the nature of the employment, payment mechanisms, access to dispute resolution, and safe return.

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Is it safe to breathe in Sri Lanka: the case for data

Exposure to poor air quality is ranked among the top 10 leading global risk factors for disease. The lack of visibility of air pollution often results in delay in public policy and personal responses, till the problem is acute. Improving the collection and access of air quality data is the first step, to making it safe to breathe in Sri Lanka.

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State of The Budget Report 2022: Assessment on whether the expenditure allocations and taxation policies are in line with the government’s policy

This is the second report in a series of two reports on Sri Lanka’s central government budget for the year 2022. The report assesses whether the expenditure allocations and taxation policies are in line with the government’s policy.

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ස්ත්‍රී පුරුෂ සමාජභාවයට අනුකූල වූ අයවැයකරණය: ප්‍රධාන කාර්ය සාධන දර්ශක පිළිබඳ ඇගැයීම ජූලි 2022

ශ්‍රී ලංකාව තුළ ස්ත්‍රී පුරුෂ සමාජභාවයට අනුකූල වූ අයවැයකරණය ක්‍රියාත්මක කිරීම සම්බන්ධයෙන් ශ්‍රී ලංකා රජය අත්කර ගෙන ඇති අසාර්ථකත්වය මෙම වාර්තාව මගින් ඉස්මතු කෙරේ. රාජ්‍ය ප්‍රතිපත්ති සැලසුම් කිරීම දුර්වල වීම හේතුවෙන් සැලසුම් ක්‍රියාත්මක කරන ආයතන අතර වගවීම දුර්වල වන ආකාරය දක්වන සවිස්තරාත්මක සිද්ධි අධ්‍යයනයක් ලෙස ස්ත්‍රී පුරුෂ සමාජභාවයට පදනම් කරගත් ප්‍රධාන කාර්ය සාධන දර්ශකවලට අදාළ වැඩසටහන සැලකිය හැක. අයවැය ප්‍රතිපත්ති ක්‍රියාවට නැංවීමට පෙර මනාව නිර්වචනය කරන ලද රාමු සහ නිසි අධීක්ෂණ යාන්ත්‍රණයන් ක්‍රියාත්මක වන බව සහතික කරමින් හොඳ විශ්ලේෂණයක් සිදු කිරීමේ වැදගත්කම මෙම වාර්තාව මගින් අවධාරණය කෙරේ.

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The Desirability of Domestic Debt Restructuring

Sri Lanka faces a challenge to emerge from the continuing crisis. This background note argues that domestic debt restructuring (DDR) provides four benefits critical for the economy and country to emerge from the present crisis stronger and more resilient than before. First, DDR provides a pathway toward solvency for the Government of Sri Lanka. Second, it provides the foundations for the stability of the economy (macro stability). Third, it reduces the likelihood of needing subsequent sovereign debt restructuring, and fourth, it facilitates the equitable sharing of the burden of the costs of the crisis.

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Tourism Could Not Have Solved Sri Lanka’s Foreign Exchange Crisis

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.

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Apparel Exports from Sri Lanka to the EU: A product level analysis of the impact of GSP+

Concerns about Sri Lanka losing GSP+ concessions resurfaced with the EU parliament passing a resolution on June 10th, 2021, calling the EU Commission and the European External Action Service (EEAS) to use GSP+ as leverage to push for the repeal or replacement of the Prevention of Terrorism Act (PTA). For Sri Lanka, a major area of concern is the impact of the above on apparel exports to the EU, a key beneficiary of the concessions. Apparel contributes the most to Sri Lanka’s export revenue, accounting for 40-45% of the country’s total exports and the EU is the second largest market for Sri Lankan apparel after the USA, making up 42% of Sri Lanka’s total apparel exports between 2015-2019.

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දුම්වැටි බදු අයකිරීමේ සූත්‍රය අමතක වීමේ පිරිවැය

2019 දී රජය විසින් දුම්වැටිවල බදු සහ මිල නියම කිරීම, දර්ශකයකට අනුව සකසන ලද සුත්‍රයක් මත පදනම්ව සිදු කිරීමේ ප්‍රතිපත්තියන් හඳුන්වාදෙනු ලැබිණි. එම ප්‍රතිපත්තිය ක්‍රියාත්මක කිරීමට අමතක වීමේ පිරිවැය ඉහළ ය: 2020 සිට 2023 දක්වා කාලය තුළ රුපියල් බිලියන 85ක අහිමි වූ අත්හරින ලද ආදායම එහි ප්‍රතිඵලය වන අතර 2023 දී තවත් බිලියන 45ක් එනිසා අහිමි වනු ඇත.

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