MP Rohini Wijerathna misses the forest for the trees on money printing
This [NPP] government too is doing the same thing that was done by the previous Gotabaya Rajapaksa administration. […] At the moment, the Central Bank is using the methods of term auctions and overnight auctions to print money. LKR 36.16 billion was printed last Friday [October 25] through the overnight auction. LKR 70 billion has been printed within the 7 days of the past week through the term auction. Excess liquidity has increased by LKR 55.4 billion in the past month [September].
Sri Lanka Mirror | October 28, 2024
Posted on: 10 January, 2025
False
EDB Chair overserves ICT role in growth of service exports
Last year, service exports recorded 3.1 billion dollars in revenue compared to 2022, reflecting a 69% growth, mainly driven by ICT, logistics, transport and construction.
Sri Lanka Business | October 16, 2024
Posted on: 9 December, 2024
True
Budget Burdens: Prof. Athukorala shows high ‘interest’
Accordingly, for interest payments alone, … LKR 2,651 billion in the 2024 budget. Accordingly, it is clear that relative to other things [expenses], a huge amount of money is spent on paying the interest on debt.
Aruna | October 31, 2024
Posted on: 21 November, 2024
True
Ranawaka uses incorrect calculation to make an incorrect claim on fuels
We heard on the election stages the claim that […] [they] would reduce the fuel price, remove/reduce taxes. […] Actually, around two weeks ago octane 92 petrol was brought into the country at Rs.195. Similarly, diesel, I mean regular diesel, was brought in at nearly Rs. 200. Even if we calculate according to the new prices, a huge tax–around Rs. 117 for a litre of petrol and around Rs. 83 for a litre of diesel – is being charged.
Daily Mirror Online | October 2, 2024
Posted on: 7 November, 2024
False
Prof. Jayantha explains govt. borrowing
[…] the Central Bank has issued treasury bills of LKR 465.1 billion during the period between September 27 and October 15, […] LKR 400 billion out of the total of LKR 465.1 billion has been utilised for debt servicing.
Daily Mirror | October 17, 2024
Posted on: 1 November, 2024
True
President Dissanayaka correct when corrected on software engineers
“Currently, there are 26 million software engineers in the world, but there are only 85,000 in Sri Lanka.”
JVP Sri Lanka YouTube Page | August 13, 2024
Posted on: 25 October, 2024
Partly True
Dilith J’s criticism of RW: more gas than substance
Our president [Ranil Wickremesinghe] […] increased the price of gas by fourfold, increased the price of [crude] oil by fourfold, increased the price of petrol […] After that, he said, “Look, there are no queues after I came [to power]”... The gas consumption in the country [has reduced] by 40%.
Dilith Jayaweera’s Facebook page | September 7, 2024
Posted on: 22 October, 2024
Partly True
Cannot save Wickramaratne’s claim on low SL savings
Savings are low in Sri Lanka. In general, Sri Lanka's savings are at most 15% or 20%. In India it is 30% to 35%. In China, it is more than 50%. We do not have that.
Parliament | June 7, 2024
Posted on: 4 October, 2024
False
MP Withanage’s boast: right on reduced revenue targets
Especially, tax revenue increased by LKR 1,700 Bn in the first six months of 2024. That is a growth of 42.6%. We have been able to achieve a growth of 44.7% of the annual estimate. Also, non-tax revenue has increased by 30.4%. A target of 52.7% of the annual estimate has been reached.
| August 7, 2024
Posted on: 26 September, 2024
True
Minister Sabry exposes anaemic export growth with imprecise numbers
In 1991, Bangladesh only exported goods worth roughly USD 2.2 Bn. Vietnam exported goods worth around USD 3 Bn. Sri Lanka exported goods worth around USD 2.8 Bn. Today, by 2024, Bangladesh’s exports have reached USD 87 Bn, Vietnam is exporting worth USD 464 billion, having built a large economy. In Sri Lanka, our exports are still worth [only] USD 16 Bn.
Parliament of Sri Lanka YouTube channel | June 7, 2024
Posted on: 13 September, 2024
Partly True