• அரச உட்கட்டமைப்பு வசதிகள் மீது பொதுமக்களுக்குரிய நலன்களை பாதுகாப்பதற்கான வாய்ப்புக்கள்: இலங்கையின் ஒழுங்கு முறைச்சட்டகங்கள் பற்றிய மீளாய்வு 

  Economics Team; Legal Team (Colombo: Verité Research, 2022-02)

  உட்கட்டமைப்பில் முதலீடு செய்வது அபிவிருத்திக்கு இன்றியமையாதது. எவ்வாறாயினும், பலவீனமான ஆளுகையின் பின்னணியில், பெரிய மற்றும் பல்கூட்டு உட்கட்டமைப்பிற்கான அரச முதலீடு ஊழலுக்கான வளமான களமாக மாறி, விளைவாக நீடுறுதியல்லாத, ...

• පොදු යටිතල පහසුකම් තුළ මහජන සුබසිද්ධිය සුරැකීමට ඇති අවස්ථා : ශ්‍රී ලංකාවේ නියාමන රාමු පිළිබඳ සමාලෝචනයක් 

  Economics Team; Legal Team (Colombo: Verité Research, 2021-02)

  යටිතලපහසුකම් සඳහා කරන ආයෝජනයන් රටක සංවර්ධනයට අතිශයින් වැදගත් වේ. කෙසේ වෙතත් දුර්වල පාලනයක් පවතින සන්දර්භයක් තුළ මහා පරිමාණ සහ සංකීර්ණ යටිතලපහසුකම් සංවර්ධන ව්‍යපෘති දුෂණයන්ට ඉතා හිතකර පසුබිමක් බවට පත්විය හැකි අතරම අපේක්ෂිත ...

• Opportunities to Protect Public Interest in Public Infrastructure: Review of Regulatory Frameworks in Sri Lanka 

  Economics Team; Legal Team (Colombo: Verité Research, 2021-02)

  Investment into infrastructure is vital for development. However, in the context of weak governance, public investment into large and complex infrastructure can become a fertile ground for corruption and results in ...

• Accountability: Why the Sri Lankan Economy Collapsed and How to Revive it 

  Background Note;No. 07
  Shantayanan, Devarajan (Colombo: Verité Research, 2025-07)

  This paper argues that the root cause of Sri Lanka’s 2022 economic collapse lies not merely in recent missteps, but in long-standing policies that weakened citizens’ ability to hold their government responsible. Despite ...

• Borrowing from Peter to Pay Paul: Measuring the Commercial Debt Burden Created by Concessional Debt 

  Working Paper;April 2025 - 02
  de Mel, Nishan; Rajakulendran, Raj (Colombo: Verité Research, 2025-02)

  The paper develops an analytical method and metric for evaluating the extent to which a nation’s budget support commercial debt is necessitated by the obligation to repay concessional project loans of the past. This is ...

• Forensic Audit of Central Bank 2019: Assessment of losses to the EPF 

  Research Brief;February 2025
  Economics Team (Colombo: Verité Research, 2025-02)

  This note examines the bond and equity market forensic audit reports to ascertain the scale of the EPF’s losses in the past. It also highlights a significant underestimation of the actual losses, as the forensic audit ...

• Property Taxes in Sri Lanka: Proposal for a More Effective Valuation Method 

  Policy Brief;October 2025
  Moore, Mick (Colombo: Verité Research, 2025)

  This paper focuses on reforming Sri Lanka’s main property tax, commonly known as the rate assessment system, which currently generates only tiny amounts of revenue for local councils. Despite its potential to provide ...

• Verité Research Debt Update - July 2025 

  Verité Research Debt Update; Issue 06
  de Mel, Nishan; Rajakulendran, Raj Prabu; Wickramaarachchi, Harshana (Colombo: Verité Research, 2025-07-28)

  This edition analyses Sri Lanka’s final December 2024 debt restructuring deal, highlighting that a significant portion of the debt burden was deferred rather than reduced. Around one-third of the debt service in NPV terms—and ...

• Rubber product exports to US could fall by 28% 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 8/4/2025)

  On 2 April, US President Donald Trump imposed a 44% tariff on Sri Lankan exports to the United States. This tariff significantly affects Sri Lanka's rubber product exports, the country's second-largest export to the US, ...

• Tobacco myths 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 28/05/2025)

  There is a popular myth that cigarettes are overtaxed in Sri Lanka. But did you know that the tax share in the retail price of a cigarette was highest in 2021—yet still remained below the World Health Organization’s ...

• Did you know? 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 20/05/2025)

  This infographic shows how tobacco companies often gain more than the government from cigarette price and tax increases. From 2017 to 2024, government revenue from cigarette taxes increased by 27.5%, while cigarette sales ...

• How a market shift ate into tax revenue 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 18/06/2025)

  How the shift from longer to shorter cigarettes ate into Sri Lanka’s tax revenue Sri Lanka taxes cigarettes by length—shorter sticks face lower taxes. Between 2018 and 2024, the market shifted towards these cheaper, ...

• Sri Lanka's Progress on IMF Programme - May 2025 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 1/5/2025)

  As of May 2025, 10% of Sri Lanka's IMF programme commitments were fully met 17% unknown (commitments that lack publicly verifiable information) 5% not met, and 68% remain pending (commitments that were not due for completion ...

• Verité Research Debt Update 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 31/07/2025)

  This infographic highlights the outcomes of Sri Lanka’s debt restructuring.

• LKR 9.4 Bn in tax revenue was forgone by the government in 2024 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 31/05/2025)

  This infographic shows how LKR 9.4Bn in tax revennue was forgone by the government in 2024 by failing to meet WHO's benchmark of 75% tax- in price for the most sold cigarette brand.

• Maldives Ends 2024 with negative net reserves 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 30/04/2025)

  For the first time in its history, the Maldives' net international reserves fell below zero at the end of October 2024. This marks a critical point in the country’s external position and raises concerns about the adequacy ...

• Maldives' debt on a dangerous upward path despite 5% GDP growth 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 9/6/2025)

  Maldives’ public debt rose to 134% of GDP in 2024, despite 5% GDP growth. The increase began during the COVID-19 pandemic and has continued due to persistent borrowing and high fiscal deficits, raising serious concerns ...

• Tax concessions account for half of the budget deficit 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 31/03/2025)

  All sorts of tax concessions (reported as “tax expenditure”) costs the government almost a trillion rupees a year in potential revenue. In the financial year 2023/24 the tax expenditure statement published by the government ...

• Apparel exports to US could fall by 20% 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 3/4/2025)

  On 2 April, US President Donald Trump imposed a 44 percent tariff on Sri Lankan exports to the United States. With apparel comprising 64 percent of these exports—valued at nearly USD 1.8 billion in 2023—Sri Lanka’s apparel ...

• Maldives' Interest Burden Doubles in 3 years 

  Public Finance Infographics
  Econ Team (Colombo: Verité Research, 27/03/2025)

  In 2024, the Maldives is expected to spend 5.1% of its GDP on interest payments for government debt, up from 2.6% in 2021. In 2019, it was only 1.7% which is one-third of the current level. With increased borrowing to ...

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