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How did the government revenue rise by 53% in 2023?
No full textThis IKR entry contains 1 infographic in Sinhala, Tamil and English.The Central Bank's Annual Economic Review for 2023 shows that government revenue increased significantly by 53% (LKR 1,062 billion) compared to 2022. This growth was driven by a broad range of taxes, with VAT contributing the most at LKR 231 billion, followed by non-corporate income tax (mainly personal income taxes) at LKR 144 billion, withholding taxes on interest at LKR 138 billion, excise taxes at LKR 127 billion, and other revenue totaling LKR 421 billion. Other revenue includes “Licence taxes, SSCL and other” (which rose by LKR 183 billion) and “Stamp Duty/Cess Levy/SRL/NBT/NSL/TL” (which fell by LKR 11 billion) and Grants (which fell by LKR 8 billion). Various tax reforms implemented in the second half of 2022 and throughout 2023 facilitated this increase in revenue collection
කාන්තාවන් පමණක් සෘණාත්මකව ඉස්මතු කෙරෙන්නේ මන්ද?
No full textThis entry includes a write-up and an infographic (both in Sinhala).On January 4, 2024, Lankadeepa newspaper reported on the arrest of three individuals for drug possession. The article notably singled out the woman in both the headline and the content, despite the involvement of a male accomplice. This approach is discriminatory and contributes to the unjust portrayal of women in crime-related reporting
20241002_P0124_FC_EranWickramaratne_SLSavings
No full textThis submission includes English, Sinhala, and Tamil versions of the fact check.FALSE: Savings are low in Sri Lanka. In general, Sri Lanka's savings are at most 15% or 20%. In India it is 30% to 35%. In China, it is more than 50%. We do not have that.
Eran Wickramaratne, Parliament, 7 June 202
MPs Attendance in Parliament - February 2024
No full textThis infographic is available in English and Sinhala.This infographic shows the attendance of MPs in the parliament during the 6 sittings in February 2024. This infographic shows the 44 MPs who were absent for the ceremonial opening of the 5th session of the 9th Parliament on 7th February 2024. This infographic also highlights the 9 MPs who did not attend a single meeting during the 6 sittings in February. Those MPs were Ali Sabri Raheem, Arundika Fernando, C.B. Ratnayake, Govindan Karunakaram, Keheliya Rambukwella, Mayantha Dissanayake, Palani Thigambaram, S. Noharathalingam and Uddika Premarathne
Forensic audit revealed LKR 10 bn loss to EPF in irregular bond market transactions
No full textThis infographic was posted on the Public Finance Platform in English.The Presidential Commission of Inquiry that investigated the 2015 Bond Scam recommended a forensic audit of the EPF's historical transactions in the bond and equity markets. The forensic audit, published in 2019, produced five reports. Two were focused entirely on the EPF’s transactions: one on bond market transactions, titled “Investigation on primary and secondary market transactions of Employees Provident Fund involving treasury bonds issued/transacted during the period from 1 January 2002 to 28 February 2015”, and the other on equity market transactions, titled “Project Diamond Final report: The Monetary Board of Central Bank of Sri Lanka (November 2019)”.
The bond market report revealed that EPF incurred losses amounting to nearly LKR 10 billion (LKR 9,826 million) due to irregular bond market transactions between January 2002 and February 2015. However, the forensic audit only examined losses up to February 2015, excluding the subsequent period. The Presidential Commission identified February 2015 to March 2016 as a period during which a third party made significant gains from dealings with the EPF, with profits estimated at around LKR 6,400 million. By focusing only on the pre-2015 period, the audit potentially underrepresents the total losses, suggesting that the nearly LKR 10 billion in reported losses could be just the tip of the iceberg.
The EPF, Sri Lanka's largest social security scheme, is designed to ensure the financial stability of employees in private sector companies, state-sponsored corporations, statutory boards, and private businesses during retirement. It is funded by mandatory contributions from both employers and employees. Therefore, any losses to the EPF directly affect the retirement savings of its members, jeopardizing their financial security in retirement
20240710_P0114_FC_MahindaRajapaksa_UnbrokenGrowth
No full textThis submission includes English, Sinhala, and Tamil versions of the fact check.PARTLY TRUE: Our management of the economy resulted in an unbroken nine-year economic boom. We had no difficulty in paying off our debts […]
Mahinda Rajapaksa, EconomyNext, 12 May 202
Sunanda Madduma Bandara: Sri Lanka's real growth
No full textThis submission includes English, Sinhala, and Tamil versions of the fact check.FALSE: Sri Lanka’s per capita GDP was USD 140 in 1959. Following the economic crisis, in 2020, it stood at USD 3,474. This also shows that there has been a massive change in the income level of the country as well as the income level of the people. […] Sri Lanka has been able to achieve a level of economic growth and development that surpasses all the countries in South Asia.
Sunanda Madduma Bandara, Lankadeepa, 27 March 202
Political Career of H. Nandasena
No full textThis infographic is available in English and Sinhala.These infographics gives personal details (such as date of birth, educational qualifications, profession, family connections to politics) of H. Nandasena and details of his political career i.e. start date of political career, district elected, represented parties, positions and ministerial portfolios held. Late State Minister and Sri Lanka Podujana Peramuna (SLPP) MP H. Nandasena passed away due to a sudden illness on 4 April this year
අයි එම් එෆ් දෙවැනි වාරිකය ගන්න ශ්රී ලංකාව යන්නේ කැපවීම් 110ක් එක්ක - වෙරිටේ රිසර්ච් කියයි = Sri Lanka to commence the IMF second term with 110 commitments - Verite Research
No full text5pLankadeepa page 05 (29 January 2024) feature of the IMF tracker second term press release sent out in January 2024. This feature has been published in Sinhala. This research was conducted by the Public Finance, Economics Team at Verite Researc
General Election 2024 - Postal Vote Results - Vanni District
No full textThis infographic is available only in English.This infographic presents the postal vote results for the Vanni district in the 2024 General Election. The National People's Power (NPP) secured the highest number of votes with 4,371, followed by the Ilankai Tamil Arasu Kadchi (ITAK) with 2,349 votes, and the Samagi Jana Balawegaya (SJB) with 1,825 votes. The total number of valid votes cast was 13,317, while 466 votes were classified as "sleeping votes.