International trade data is a public good. Yet, SLC’s data dissemination policy is currently at odds with seeing the trade data it collects as a public good.
Successful economies have increasingly recognised the importance of improving access to data collected by governments. Accurate, timely and easily accessible data helps private sector growth and results in improved delivery by government. Sri Lanka Customs is the key government agency that collects trade data. Access to timely trade data is vital for firms engaging in international trade to make sound business decisions. It is also the basis on which countries should be formulating their trade policies and assessing their impact.
Sri Lanka is highly dependent on international loans from multilateral and bilateral sources to finance infrastructure development. Multilateral and bilateral borrowing is often favoured by governments such as Sri Lanka because such financing tends to have ‘concessional’ elements, relative to the international financial markets. However, this report finds that the practice of ‘tying’ loans to procurement from contractors in the lending country and resulting cost escalations can significantly erode the concessional or grant element of these loans.
Sri Lanka is highly dependent on international loans from multilateral and bilateral sources to finance infrastructure development. Multilateral and bilateral borrowing is often favoured by governments such as Sri Lanka because such financing tends to have ‘concessional’ elements, relative to the international financial markets. However, this report finds that the practice of ‘tying’ loans to procurement from contractors in the lending country and resulting cost escalations can significantly erode the concessional or grant element of these loans.
Women in the 20-39 age cohort are uniquely and severely disadvantaged in the labour market in Sri Lanka. This disadvantage is linked to the current policy of placing the full cost of maternity leave benefits (MLBs) on employers.
Ministries are the overarching bodies that house relevant government bodies such as departments and authorities in charge of a particular subject area. They are responsible for the formulation and approval of national level policies and strategies in their assigned sectors (such as health, education, and agriculture), coordinating the institutions under their purview to implement the approved policies and strategies, and monitoring and evaluating their performance. Therefore, ministries—and by extension ministers—are vital to determining the institutional effectiveness and efficiency of service delivery by the public sector.
International trade data are the foundational basis when formulating trade policies and assessing their impacts. Trade data is vital for firms engaging in international trade to make sound business decisions. Unfortunately, when compared to regional and international best practice, Sri Lanka is failing to use trade data effectively for the benefit of the country.
The Government could raise an extra Rs. 20 Billion from cigarette taxation in 2020 from the proper implementation of the indexation policy articulated in the 2019 Budget and rational calibration of taxes for all cigarette brands.
කෝවිඞ් -19 වෛරසය පැතිරීම අවම කිරීම සඳහා ගෙන ඇති ක‍්‍රියාමාර්ග හේතුවෙන් ශ‍්‍රී ලංකා රජය අයවැය හා ආදායම් අර්බුදයකට මුහුණ දී තිබේ. මෙම අර්බුදයේ බොහෝ අවාසි පැවතුනත්, මෙම තත්ත්වය, ඇතැම් පාර්ශවකරුවන්ගේ අභිලාෂයන් අනුව කටයුතු කිරීමෙන් ඈත් වී, දුම්වැටි බදු ක‍්‍රියාත්මක කරන ආකාරය ක‍්‍රමවත් කිරීමට රජයට හොඳ අවස්ථාවක් ලෙස භාවිත කල හැකිය. මෙම විශ්ලේෂණය පෙන්වා දෙන්නේ ලංකාවේ දුම්වැටි බදු සහ මිල ගණන් ඉහල දැමීම, රාජ්‍ය මුල්‍ය කළමනාකරණ මුල ධර්ම වලට අනුකුලව සිදු වී නොමැති බවයි. රට රාජ්‍ය මුල්‍ය අර්බුදයකට මුහුණ දී තිබෙන අවස්තාවක උදාවන, මැයි 31 වන දිනට යෙදී තිබුන ලෝක දුම්කොළ විරෝධී දිනය අපට සිහිපත්කර දෙන්නේ දුම්වැටි බදු ක‍්‍රමානුකුලව ඉහල දැමීමට අසමත් වීම ශ‍්‍රී ලංකාවේ ආර්ථික ප‍්‍රතිපත්තියේ බරපතල අසාර්ථකත්වයක් බවයි.
The indexation method introduced in 2019 Budget addresses two pervasive problems in cigarette taxation: (a) lack of regularity and consistency in tax increases, and (b) failure to reduce affordability of cigarettes.