Blueprint for a Rational Government in Sri Lanka

    Blueprint for a Rational Government in Sri Lanka
    by |03 May 2024
    A 'Blueprint for a Rational Government in Sri Lanka', created by Verité Research and Manthri.lk, seeks to implement the recommendations from the White Paper on "A Rational Method for Cabinet Formation in Sri Lanka", published in 2020. It lists down...
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    Proposal for a Governance-Linked Bond in Restructuring Sri Lanka’s Debt
    by |05 February 2024
    To address the governance risk to debt sustainability and provide incentives for the Government of Sri Lanka to implement governance reforms, this proposal sets out the structure of a novel sovereign debt instrument that can be used for countries with...
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    Retirement Funds Face Regressive Taxation in Sri Lanka
    by |12 October 2023
    In September 2023, Sri Lanka became the only country to restructure local currency debt by exclusively targeting retirement savings funds, excluding all others. This was justified by claiming that retirement savings were receiving preferential tax treatment. This insight finds both...
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    Foregoing Competition to Secure Funding for Public Infrastructure
    by |30 June 2023
    In 2010, Sri Lanka established a unique framework, overseen by the Standing Cabinet Appointed Review Committee (SCARC), to handle unsolicited proposals (USPs) for public infrastructure funding. These USPs inherently bypass traditional competitive bidding in procurement. The report, 'Foregoing Competition to...
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    Does Sri Lanka Need More Rules or Better Compliance?
    by |06 March 2023
    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...
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    The Alternatives to Universal Tax Registration in Sri Lanka
    by |02 March 2023
    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...
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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
    by |25 November 2022
    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. (more…)
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    ස්ත්‍රී පුරුෂ සමාජභාවයට අනුකූල වූ අයවැයකරණය: ප්‍රධාන කාර්ය සාධන දර්ශක පිළිබඳ ඇගැයීම ජූලි 2022
    by |02 November 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...
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    The Desirability of Domestic Debt Restructuring: Verité Research Sri Lanka Economic Policy Group
    by |24 October 2022|Press Release
    The third research note published by the Verité Research Sri Lanka Economic Policy Group presents an analysis by Professor Udara Peiris, Oberlin College, USA, explaining four ways in which Sri Lanka would benefit if the government were to restructure its...
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    The Desirability of Domestic Debt Restructuring
    by |24 October 2022
    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...
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