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20230215_FC_P0059_RanilWickremsinghe_DirectIndirectTaxes
No full textThis submission includes English, Sinhala, and Tamil versions of the fact check.
TRUE: In other countries, most of the taxes are collected from a higher income bracket. In 2021, in India – 50% direct tax…Bangladesh – direct tax 32%...Nepal – direct 31%....69%. Indonesia – direct tax 40%...Vietnam – direct tax 31%...Thailand – direct taxes 37%...Malaysia – direct tax 66%...However the situation in our country is different. In 2021, our direct tax was 21% while indirect was 79%. We should take action to rectify this tax divergence. Then, the tax burden on the general public will be reduced.
Ranil Wickremesinghe, The government’s policy statement from the President’s Media Division, 8 February 202
Interest payments weigh heaviest in 2022!
No full textThis infographic is available on the Public Finance Platform and is in all three languages: English, Sinhala and Tamil.The central bank's annual report for 2022 reveals that interest payments have reached their highest level. This increase in interest payments suggests a significant debt burden on the government. The ratio of interest payments to total government revenue has surged from 35% in 2015 to a striking 78% in 2022. Notably, there was a substantial rise in interest payments between 2019 and 2020, with payments escalating from 47% to 71% mainly due to a substantial fall in government revenue as a result of tax cuts in late 2019 and early 2020. This increase in interest payments suggests a significant debt burden on the government
Syndicated Surveys: Mood of the Nation - Round 05 2023 - IMF Programme
No full textSyndicated Surveys by Verité Research which gauge public sentiment on Sri Lankans' various social and political viewpoints. The data is collected through a telephone interview and a nationwide randomised sample of around one thousand people is taken into consideration. The Mood of the Nation poll is conducted periodically by Verité Research and is based on an island wide nationally representative sample of responses. The sample and methodology are designed to limit the maximum error margin to under 3% at a 95% confidence interval, which meets the gold standard of surveys. The poll is based on an island wide nationally representative sample of responses from 1,000 plus Sri Lankan adults. The poll is conducted as a part of the syndicated survey instrument by Verité Research and the polling partner was Vanguard Survey (Pvt) Ltd. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka
Parliamentary Report card: Ajith Mannapperuma - September 2015 to February 2020 and August 2020 to August 2023
No full textThis infographic is available in English and Sinhala.This infographic is created as a response to the suspension of SJB MP Ajith Mannapperuma from parliament for a month for grabbing the Mace in parliament. This report card shows the contribution of MP Ajith Mannapperuma (SJB) in 8th and 9th parliaments. It is based on analysis of Hansard data from September 2015 to February 2020 and August 2020 to August 2023. This includes overall rank (15/225 ;62/225), district rank (1/18; 5/18) attendance in parliament sittings (306/414; 137/221), total number of productive interventions he made in parliament (285, 132) and topics which were discussed most by him in the parliament i.e., Natural Resources and Environment, Economy and Finance, Urban planning, Infrastructure and Transportation, Technology, Communications and Energy and Justice, Defence and Public order
MPs Attendance in Parliament - November to December 2022
No full textThis infographic is available in English and SinhalaThis infographic shows MP attendance between November to December 2022, whereby Parliament has 27 sittings during this period. Further, this infographic highlights the 48 MPs who were absent for more than 50% of the sittings
The Cost of Inflation: Sustaining 2015 Consumption in 2023
No full textThis infographic was posted on the Public Finance Platform in all three languages: English, Sinhala and Tamil.Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015
IMF Programme: Performance Evaluation - July 2023
No full textThis entry contains 12 infographics; 4 each in Sinhala, Tamil and EnglishThe purpose of this analysis is to ensure that VR’s IMF Tracker can be used more effectively to raise public awareness about monitoring of public finance, and to increase its use by CSOs to monitor progress. The analysis will feed into enhancing public participation and transparency in budget processes, which is urgently needed given Sri Lanka’s low performance in this respect. This set of infographics, which analyses Sri Lankan government’s progress on meeting 100 trackable IMF commitments for July 2023, creates social media engagement/public engagement, to the VR’s IMF tracker to explain the EFF-supported program and how to use the IMF Tracker (available as far as possible in all three languages). According to the July analysis, Sri Lanka has so far met 35% of IMF commitments, while 15% of the commitments are unknown, 7% are not met and 43% are pending.CIP
පඬුකරඳ ශාකය ගලවා ඉවත් කිරීම: රූපවාහිනී සහ පුවත්පත් වාර්තකරණයන්
No full textThis entry includes 2 write-ups and 2 infographics (both in Sinhala).During the month of July 2023, several newspapers and television channels covered the narrative supporting and opposing the cutting of the Crudia zeylanica tree. Newspapers such as Dinamina, Lankadeepa, Aruna and television channels such as Rupavahini, ITN and Siyatha presented only the government's viewpoint which supported the cutting of the tree. Supportive views from both the government and those who opposed the cutting of the tree were presented by newspapers such as Mawbima, Divaina, Ada and the television channels Hiru, Sirasa, Swarnawahini and Derana
The Need for Governance-Linked State-Contingent IMF Programmes: A Third Way for Sri Lanka
Get PDF2p. This article was published as an opinion column by the Daily Mirror in print and is available online at https://www.dailymirror.lk/opinion/The-need-for-governance-linked-State-contingent-IMF-programmes:-A-third-way-for-Sri-Lanka/172-258976. It has also been published on the DailyFT and the International banker, please refer citation.The recent sovereign default of Sri Lanka has once again brought attention to the effectiveness of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) approach. This programmes provides loans of short duration (generally up to four years) with a few disbursements, conditional on a programmes of medium-term macro-fiscal adjustments. However, there is little evidence that this approach yields long-term success. On average, countries experience 2.1 restructuring episodes when entering default, with a typical resolution time of 7 to 10 years. Currently, debt renegotiation is handled separately from the IMF programmes, based on the view that sovereign-default episodes are primarily a balance-of-payments crisis. However, in cases such as Sri Lanka and others, the crisis is a twin-deficits crisis, involving both a fiscal and balance-of-payments crisis. This crisis is often due to domestic macroeconomic, fiscal, and monetary policies, as well as governance failures, institutional difficulties in implementing evidence-based policies, corruption, and political capture of institutions. Weaknesses in domestic policies reflect institutional shortcomings, such as difficulty in implementing evidence-based policy, corruption, and political capture. The table summarizing the weaknesses of institutions in Ghana, Sri Lanka, and Zambia is significantly greater than that of Greece, which was also severely criticized for its weaknesses at the time. Developing countries’ institutions tasked with implementing policies for rapid and severe fiscal adjustments are often limited, and cultures of favouritism between governments and elites exacerbate this issue. While the IMF’s governance-related conditionality is now often part of its programmes, they may not be comprehensive, directly linked to disbursements, nor are economic targets always grounded in reality. This article proposes a third way for the IMF’s lending programmes in countries such as Sri Lanka, which includes: a longer horizon of 15 years with smaller and more frequent tranche disbursements linked to shorter-term macroeconomic, fiscal, and governance targets
පොලිස් කෲරත්වය සාධාරණීකරණය කිරීමක්?
No full textThis entry includes a write-up and an infographic (both in Sinhala).On May 12, 2023, Divaina published an insensitive editorial on the death of the 16-year-old girl in Kalutara and the suspect arrested for the crime. In the content, Divaina editorial presents an opinion which condones police using torture to get a confession out of the suspect, justifying police brutality. Media ethical guidelines recommend that in dealing with social issues of a particularly shocking or emotionally painful nature the media should take special care to present opinions with due sensitivity and discretion