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Composition of Sri Lanka's Gross Official Reserves
No full textThis infographic is available on the publicfinance.lk website at https://publicfinance.lk/en/topics/98-of-sri-lanka-s-gross-official-reserves-consists-of-short-term-swaps-1649137958The reported gross official reserves as of February 2022 stood at USD 2,311 MN, out of which 98% (USD 2,242 MN) consisted of short-term swaps maturing within 12 months. Whilst the quantity of reserves is important it is equally necessary to consider the quality of reserves. Short term swaps and foreign investment in government securities are essentially short-term in nature, and portfolio investments in government securities are also volatile. In an ideal scenario, reserves should comprise largely of non debt creating inflows such as FDI and current account surpluses. Sri Lanka however has consistently run current account deficits in its balance of payments. The second best option would be long-term stable borrowings (such as ISBs) that have a significantly longer repayment duration than short term swaps or volatile portfolio investments. Such instruments provide a greater degree of stability and longevity for a country’s reserves
Tax on Sanitary Napkins
No full textOn the 31st of May 2022 the general customs duty on sanitary napkins were removed and VAT rate was increased from 8% to 12%. The revision resulted in the total tax rate on sanitary napkins falling to 42.8% from 53.6%. However, the total tax rate is still higher in comparison to selected items
Sources of Financing for Top 5 Ministries That Received the Highest Allocation in the 2022 Budget
No full textThis infographic is available on the publicfinance.lk website at https://publicfinance.lk/en/topics/sources-of-financing-for-top-5-ministries-that-received-the-highest-allocation-in-the-2022-budget-1643080585Based on the 2022 approved Budget estimates in 2020, 87% of government expenditure was financed via domestic sources and 13% was financed via foreign sources. In 2021 91% of expenditure is estimated to be financed domestically and in 2022 93% of expenditure is expected to be financed domestically. In 2022 Ministry of Finance , Ministry of Public Services Provincial Council and Local Government , Ministry of Defense , Ministry of Highways and Ministry of Health received the highest allocation accounting for 79% of total government expenditure. The financing of the expenditure for the above ministries have been depicted in the following infographic. Ministry of Highways and Ministry of Health are relatively more inclined to use foreign sources of financing. In 2020 73% of Ministry of highways expenditure was financed by foreign loans. The government estimates indicate that the amount financed via foreign sources to decline in 2021 and 2022
චූටි මනාලියගේ මගුලක්ද? බාල වයස්කාර විවාහයක්ද?
No full textThis entry includes a write-up and infographic (both in Sinhala).On October 10, Ada and Aruna reported on a marriage that almost occurred between a 15-year-old and a 19-year-old. While Ada had referred to it as a බාලවයස්කාර විවාහය, Aruna referred to it as චූටි මනාලියගේ මගුල and accompanied the news with a sensational cartoon that is inappropriate and unnecassary
“මත් ලෝලීන්” ද? මත්ද්රව්ය භාවිතා කරන්නන්ද?
No full textThis entry includes a write-up and an infographic (both in Sinhala).In the month of January 2022, articles published in Divaina used the term "mathlolihu", which is a derogatory term to describe those addicted to drugs
Sri Lanka’s Revenue to GDP Ratio Reaches Its Lowest Level Since 1959
No full textThis entry contains 01 infographic available in English. It is also available on the Public Finance PlatformData on Sri Lanka’s revenue to GDP ratio is available from 1959 onwards.
The average tax to GDP ratio from 1959 to 2021 is 16%. In 2021 the tax to GDP ratio dropped to 8%, which the lowest ratio since 1959 and is half of the average ratio.
Source : Statistical Appendix , Central Bank of Sri Lanka Annual Report 2021. Available at - https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/2021/en/16_S_Appendix.pd
Parliament - Dissolution
No full textThis infographic is available in English and SinhalaThese two infographics explain how parliament can be dissolved before the end of its term and when the term of the current parliament end. According to the Paragraph 1 of Article 70 of the Constitution, the President cannot dissolve parliament before February 2023, unless Parliament itself requests it be dissolved, in the form of a resolution. Sri Lanka’s last parliamentary election was on 5 August 2020 and the first meeting was on the 20 August. As per the Constitution (i.e. Paragraph 2 of Article 62), this Parliament can continue till August 2025
Parliamentary report card: Susil Premajayantha – September 2015 to March 2020 and August 2020 to October 2021
No full textThis infographic is available in English, Sinhala and TamilThis report card shows the contribution of MP Susil Premajayantha (SLPP) in 8th and 9th parliaments. It is based on analysis of Hansard data from September 2015 to March 2020 (8th) and August 2020 to October 2021 (9th). This includes attendance in parliament sittings (319/414; 96/102), total number of productive interventions he made in parliament (8th - 86; 9th -74) and topics which were discussed most by him in the parliament i.e. Justice, Defense and Public Order; Technology, Communications and Energy; Governance, Administration and Parliamentary Affairs; Education and Economy and Finance
Gender-Responsive Budgeting: Evaluating Key Performance Indicators July 2022
No full textResearch support for this report was provided by Samali Jinadasa and Avanthi Seneviratne. Overall research guidance, content review, and supervision were provided by Nishan de Mel, Deshal de Mel and Nilangika Fernando.
This report is available in English (65p.), Sinhala (ස්ත්රී පුරුෂ සමාජභාවයට අනුකූල වූ අයවැයකරණය: ප්රධාන කාර්ය සාධන දර්ශක පිළිබඳ ඇගැයීම ජූලි 2022 - 68p.) and Tamil (பால்நிலை பொறுப்பு வரவு செலவுத்திட்டம்:
பிரதான செயலாற்றுகை சுட்டிகளை
மதிப்பிடுதல - 75p.).This report highlights the failure of the Sri Lankan government in implementing gender responsive budgeting in Sri Lanka. The case of gender KPIs provides a detailed case study of how poor planning of government policies can lead to poor accountability among implementing agencies. The report highlights the importance of conducting good analysis, ensuring that well-defined frameworks and proper oversight mechanisms are in place before proceeding to implement budgetary policies. The second year of assessment found that progress of the 12 gender key performance indicators has regressed from 2019-2020. In comparison to the first year of assessment, the overall progress of KPIs has declined. The assessment of KPIs across both years (2018-2019 and 2019-2020) revealed that a lack of transparency, a lack of accountability and the lack of a clearly formulated framework to support the implementation of the KPIs has led to a failed initiative
How MPs voted on the 19th and 20th amendments
No full textThis infographic is available in English and SinhalaThe 19th amendment to the constitution dilutes the executive powers of the President while 20th amendment enhances the same. 19th amendment was passed with 214 votes in favour during the 7th parliament and 20th amendment passed during the current (9th) parliament with 156 votes in favour. These infographics reflect the 55 MPs of the 9th parliament who voted in favour for both 19th and 20th amendments