Eran Wickramaratne
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 Wickramaratne travels with some trouble on the SL passport
[The] Sri Lankan passport [is] …97th among global passports…What does it mean? It means that…you have access to 40 countries without a visa. Sri Lanka has very little access to other countries to get a visa on arrival. Among those countries are Pakistan, Singapore, and Dominica…
Eran Wickramaratne’s YouTube Page | December 8, 2023
Posted on: 22 February, 2024
Partly True
Data defends MP Wickramaratne on defence budget
When considering the Ministry of Defence, we spent 7% of the total budget for 2022 on it [Ministry of Defence] ... 60% of that goes to pay wages…Sri Lanka is one out of ten countries that has the greatest number of soldiers per 100 citizens. If we take 200 countries, we are in the first 10. Sri Lanka is a country that has around 1.5 soldiers for every 100 citizens.
Parliament YouTube page | November 14, 2023
Posted on: 26 January, 2024
True
MP Wickramaratne falls short on example of revenue falling short
The government, despite taking the path of revenue-based stabilisation, has fallen significantly short of its targets. For instance, excise revenues have fallen short by approximately 43%, with collection at Rs.125 billion as of September [2023], compared to the required Rs. 214 billion.
Sunday Observer | November 5, 2023
Posted on: 12 January, 2024
Partly True
MP Wickramaratne right on remittance reduction, but not up to date
If we look at remittances, the highest amount of remittances have been received in 2016, 2017, 2018. Thereafter, some arrived in 2020 and after that, it has declined steadily. Remittances peaked at around USD 7.2 billion […] Today, those remittances have dropped to USD 3.7 billion.
Samagi Jana Balawegaya Press Conference | August 28, 2023
Posted on: 12 October, 2023
Partly True
MP Wickramaratne on SOE losses: right on gross not on net
There are around 430 SOEs. Of these…218 are companies....52 of these are considered to be strategically important SOEs. The loss of strategically important SOEs in 2021 has been LKR 286 billion. By Q2 of 2022…their losses were LKR 966 billion.
Official Facebook Page of the SJB | October 12, 2022
Posted on: 11 November, 2022
Partly True
MP Wickramaratne a little bit over on inflation
Food inflation rose to 57 % from 46.6 % from last month to this month. Within one month, inflation – food inflation – has increased by more than 10%. Our inflation figures have not usually increased by 10% even over a year but today it has increased by that number within a month.
Lankadeepa | June 8, 2022
Posted on: 25 August, 2022
Partly True
No reservations on MP Wickramaratne’s claim on Sri Lanka’s reserves
Compared to 2019 and 2021, the decrease in foreign reserves is 80% in Sri Lanka. But other countries in the [South Asian] region have seen an escalation of their reserves.
Daily FT | January 25, 2022
Posted on: 24 February, 2022
True
MP Wickramaratne generates interest on Sri Lanka’s record cost of interest
70% of government revenue is spent on interest on loan repayment. Lebanon is the only country in the world that pays higher interest than Sri Lanka as a percentage of national revenue.
Daily FT | August 5, 2021
Posted on: 30 September, 2021
True
MP Eran Wickramaratne correctly flags foreign outflow from stocks
There has been a big outflow of foreign investment from the stock exchange. In terms of rupee value Rs. 51 billion outflows was registered in the year 2020…
Lanka Business Online | January 18, 2021
Posted on: 25 February, 2021
True
Wickramaratne employs correct statistics on gender gap in the labour force
"Sri Lanka’s Labour Force Participation (LFP) was 36% for women versus 75% for men in 2016, which is the 14th largest gender gap in LFP globally.
Daily FT | September 25, 2019
Posted on: 24 October, 2019
True
Minister Eran Wickramaratne right on government borrowings, for two years, not four.
Total borrowings by the Government have been completely used to repay debt.
Dily FT | June 19, 2019
Posted on: 22 August, 2019
Partly True
Minister Eran Wickramaratne correct on tourism earnings
Sri Lanka’s tourism sector accounts for 5% of gross domestic product.
Dinamina | May 22, 2019
Posted on: 7 July, 2019
True