Harsha de Silva
Harsha limited on cause of 13% limit on expenditure
It [medium-term fiscal framework] requires that we limit our primary expenditure [..] to 13% of the GDP. Even if it [revenue] increases, we cannot use that revenue for expenses. This is because, as per this IMF agreement that Hon. Anil Jayantha signed as the acting minister of finance, he acknowledges that the government expects to spend only 13%.
Parliament YouTube channel | June 30, 2025
Posted on: 21 July, 2025
Partly True
MP de Silva poor on the interpretation of the poor
The World Bank states that the poverty level which was at 13% in 2019 has by today, increased to at least 25%. The multidimensional Poverty Vulnerability of Oxford University and UNDP (sic) states that when considering education, health, and the economy altogether, 12.5 million out of the 21 million in our country, [that is] more than 56%, can be categorised as poor.
Parliament of Sri Lanka | November 15, 2023
Posted on: 14 December, 2023
Partly True
MP de Silva stays real on expected real returns for EPF
[…] In the [EPF] Act itself it specifies 2.5% return. […] at the time inflation was at around 1 percent, if you look at 5 years prior to 1958, the average would have been 1 percent. […] Over the years, some years have been positive, and some returns have been negative in terms of real returns. Last year the EPF return on a real basis was -47%. […]
Newsline | May 22, 2023
Posted on: 29 September, 2023
True
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
MP De Silva on target on difficulty of IMF target
The government had reportedly agreed with the IMF to reach a primary account surplus of 2.3% of GDP by 2025. However, the primary account had dropped to around (6%) of GDP during the tenure of President Gotabaya Rajapaksa...It would be a monumental feat to bring the primary account to a surplus of 2.3% of GDP.
Daily FT | September 5, 2022
Posted on: 22 September, 2022
True
MP De Silva does not inflate Sri Lanka’s inflation
We [Sri Lanka] have the highest inflation in Asia as of now.
Ada Derana | February 1, 2022
Posted on: 3 March, 2022
True
MP Harsha de Silva highlights national accounting fraud
CBSL Annual Report states Sri Lanka's budget deficit for 2020 [was a] huge 11%. But it should be even higher at 14%.
Harsha de Silva, Harsha de Silva's Official Twitter | May 1, 2021
Posted on: 13 May, 2021
True
MP De Silva correct on concerns of rising LKR debt
…the government made a hue and cry [those days] saying that the debt rose by Rs. 5,700 billion in five years, didn’t they? However, during their time, it has risen by [approximately] Rs. 1,000 billion in just four months… What this means is that the monthly increase in debt has risen by a factor of 2.5 as compared to the time of the previous government.
Samagi Jana Balawegaya Press Briefing | July 7, 2020
Posted on: 1 October, 2020
True
MP de Silva over-interprets Sri Lanka’s borrowing from the New York Fed
Also, for the first time in Sri Lanka’s history, when Sri Lanka, as a sovereign state, asked the international community for a loan, they asked for collateral. This is because the international community has identified that if Sri Lanka continues with its current economic policies…
Aruna | July 20, 2020
Posted on: 20 August, 2020
Partly True