MP De Silva exposes EPF & ETF exposure to govt bonds
The majority of Sri Lanka’s domestic debt is in treasury bonds. We have [almost 9,000 billion] worth of treasury bonds….44.5% of that is in banks….43% was borrowed from EPF & ETF
Daily FT | April 20, 2023
Posted on: 25 May, 2023
True
President makes ambiguous claim on debt restructuring
Programme financing gaps: debt service reduction during 2023-27 should be sufficient to close external financing gaps. Under staff baseline scenario, US$17 billion in debt service reduction is required, including the arrears accumulated in 2022 So, we are trying to get a 17 billion debt reduction on that side. Do you want it or not.
Parliament Hansard | April 26, 2023
Posted on: 18 May, 2023
True
Minister Nanayakkara right on the rise in remittances
Sri Lankan migrant workers’ foreign remittances increased to US$ 568.3 million in March 2023 from US$ 318.4 million in March 2022. This is a 78.5% (US$ 249.9 million) increase compared to the inflows recorded in March 2022.
Official twitter page of Manusha Nanayakkara | April 6, 2023
Posted on: 11 May, 2023
True
MP Weerawansa makes spurious case against the IMF
The total export income has reduced by almost 10% this year when compared to last year. This is a huge reduction. Therefore, it is clear that the economic strategy the government is following under the guidance of the IMF is not providing a remedy to bring this patient named “the economy” - who is in the ICU - out into at least a normal ward.
Official Facebook Page of Wimal Weerawansa | April 3, 2023
Posted on: 4 May, 2023
False
CBSL Governor corrects the record on “money printing”
The total base money printed in 2021 was Rs. 344 billion, whilst the net basis reserve money issued in 2022 was below Rs. 40 billion.
Daily FT | February 11, 2023
Posted on: 27 April, 2023
True
Minister Premajayantha inefficient in claiming efficiency of IMF process
On previous occasions, we obtained money from the IMF after pledging to fulfil their conditions...this time round, we had to first fulfil those conditions to obtain assistance. It was only Sri Lanka that was able to obtain that support [IMF assistance] in 7 months.
Parliament YouTube channel | March 21, 2023
Posted on: 20 April, 2023
Blatantly False
Minister Wijesekera claims low profits with unaccountable version of the fuel price formula
Fuel Cost Breakdown - Data for the formula from actual cost incurred during the immediate past 28 days period from 28th February - 28th March 2023….Price difference (between the formula base price per litre and current retail price per litre) Petrol-92 Rs.1.63…Lanka Auto Diesel Rs.0.04….
Official Twitter Page of Kanchana Wijesekera | March 30, 2023
Posted on: 6 April, 2023
Partly True
MP Shanakiyan shines a light on electricity tariff hike
…The officials of the PUCSL were brought to the Presidential Secretariat and approval was obtained for the price hike while both the chairperson and the director general of this commission were away from the country…what the PUCSL has said is to increase a unit [of electricity] from Rs. 8 to Rs. 10 [for the lowest tariff band]. But today, it has been increased from Rs. 8 to Rs. 30.
ManthriLK_Watch | February 24, 2023
Posted on: 23 March, 2023
True
State Minister Siyambalapitiya’s tax paying labour force numbers don’t work
Only 120,965 persons or 2.6 percent of the labour force, who are earning over Rs.100,000 per month, are subjected to the PAYE tax.
Daily Mirror | February 11, 2023
Posted on: 16 March, 2023
False
President right on reduction in registered tax files
In 2019, there were 1.5 million income tax files in total…when we abolished the PAYE tax, in December 2021, we [only] had 400,000 income tax files. It reduced from 1.5 million to 400,000.
President’s Media Division | January 28, 2023
Posted on: 9 March, 2023
True