Fiscal
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Key Determinants of Sri Lanka’s Fertilizer Subsidy: Some Research Findings for Policy Makers

The fertilizer subsidy should be gradually removed in the long-run, in a phased manner, argues a new study

A Closer Look at the Fiscal Dynamics of Budget 2014

Sri Lanka stands at important crossroads as it makes a decisive transition into a middle-income economy. With GDP growth targeted at 7.5 – 8% over the medium term, the need for effective fiscal consolidation cannot be overemphasized. In this light, …

REFORMING A POST-WAR ECONOMY IN FOUR YEARS?

Can a country bring about economic reforms in just four years after a war? This article looks at post-war Georgia where the progress was transformative. She argues that while circumstances differ between countries, the Georgian case demonstrates that coherent and focused efforts can bring about significant transformation in just four years. Yet, sustaining the positive trajectory requires a focus beyond aggressive reform to also include important elements of economic governance and institutional strengthening.

The Role of Tax Incentives in Attracting Investment to Sri Lanka: Time for a Re-think?

Based on a new Working Paper by IPS researchers titled ‘Incentivizing Foreign Investment in Sri Lanka and the Role of Tax Incentives’, this article argues that a key medium-term challenge facing the country is to find a balance between providing a competitive tax incentives regime to attract FDI and keeping tax foregone to a minimum in order to preserve domestic revenue.

Fiscal Imperatives for Growth and Stability

Fiscal consolidation efforts as set out in the Budget 2013 were not entirely unexpected.[1] With revenue collection falling short of the target, adjustments to ensure that the deficit for 2012 remains close to the forecast 6.2% of GDP is to …

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