Siyambalapitiya hugely magnifies fiscal difficulties for holding LG elections
In 2022, the government’s revenue and expenditure difference were as high as 256% or Rs. 3,058 billion. [In 2023] The government expect the revenue to be Rs. 3.45 trillion, while the expenditure will go up to Rs. 10 trillion, incurring a deficit of Rs. 6.66 trillion for the year. Thus, financial discipline is indispensable to run the economy.
Daily FT | January 21, 2023
Posted on: 2 February, 2023
False
Minister Wijesekera: Overstates one of the most pessimistic scenarios of the already overstated loss scenarios of the CEB
If we are in a situation where there is no rainfall, provided that we are able to obtain all the coal we need by April, we would be able to provide electricity all 24 hours of the day, without interruptions…That means, as a whole, our generation cost is Rs. 889 billion. From that, we receive only something like Rs. 400 billion.
Parliament Hansard | November 25, 2022
Posted on: 27 January, 2023
Partly True
MP Abeysinghe unrealistic on revenue estimates being unrealistic
…The [2023] budget presented this time is seeking the highest revenue in the entire history of Sri Lanka. Compared to last year, this year’s revenue shows an increase of 70%. In Sri Lanka, at no point has the revenue increased from year to year by more than 10%, 15% or 20%.... In the history of Sri Lanka have we ever generated a revenue figure that is in the range of LKR 3,000 billion? Every year, the revenue generated has been less than LKR 2,000 billion….
Parliament Hansard | November 21, 2022
Posted on: 20 January, 2023
False
MP Ganesan right when he spoke, on the gap between the estate sector and the rest.
Food insecurity in Sri Lanka is highest in the estate sector at 51%, while it is 43% in the urban sector and 34% in the rural sector. The World Bank has reported that the country’s poverty rate has climbed to 26% and is at 53% in the estates.
Daily Mirror | November 21, 2022
Posted on: 12 January, 2023
True