Vision 2025, the current government’s short and medium-term policy direction, is aimed at steering the economy towards more sustainable means of growth, led by foreign and domestic private investment. However, is Sri Lanka on the right track in this regard? This blog, based on the views expressed at New Thinkers’ Symposium, explores some key structural and institutional roadblocks that are hampering Sri Lanka’s path to progress.
This blog gives a comprehensive analysis of the macroeconomic proposals of Sri Lanka’s Budget 2018.
The Proof of the Pudding is in the Eating: Distribution and Revenue Implications of Sri Lanka’s New Inland Revenue Act
Much needed tax reforms were introduced, with the Sri Lankan parliament passing the new Inland Revenue Act, effective from 1 April 2018. How will this new tax regime affect the tax revenue and what will be the tax burden to on the people? Is it actually more pro-poor or is it another way for the rich to get richer? This blog analyses the implications of the new Act on the taxpayers as well as on the tax revenue collected by the government.
The Sri Lankan economy appears to be suffering from a growing debt crisis and is facing a risky external sector outlook in the near term. According to Central Bank’s 2016 Annual Report, the total general government external debt has grown by 10% in 2016 to US$ 27.2 billion. This article by Dushni Weerakoon analyses whether Sri Lanka is making progress in terms of getting its debt overhang under control.
Women’s Labour Force Participation in Sri Lanka: An Inquiry into the Key Social and Cultural Constraints
Social and cultural norms and practices continue to impede the full and equal participation of women in the labour market. On February 20th, the World Day of Social Justice, this article will examine the key socio-cultural constraints to female labour force participation and provide recommendations aimed at tapping into the full economic potential that women to stimulate growth in Sri Lanka.