MP Gammanpila on the CBSL’s step-motherly treatment of EPF
In addition to the provident fund of the general public, CBSL also maintains a separate provident fund for its officers […] CBSL invested its funds in places where it could get the highest returns and credited an interest of 29% from the [its] provident fund to the accounts of its officers. Yet, the general public was only given a paltry interest of 9% after [the CBSL]…
Udaya Gammanpila’s Official Facebook Page | July 4, 2023
Posted on: 10 August, 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
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 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
AKD mistakes disparity in total economic activity as disparity in individual participation
Today, 36% of our country’s national wealth is generated from the Western Province. The North Central Province’s contribution to our country’s national wealth is 5%. The contribution of the North Western Province is 9%. The benefits of the economy flow to the people to the extent that they participate in the economy… The rural poor have not got a chance to join the economy.
Aruna | January 26, 2023
Posted on: 2 March, 2023
Partly True
State minister Siyambalapitiya short on facts on import shortages
…It is because this step was taken [ban imports on certain items] that essential items such as fuel, medicine and fertiliser can be imported without any shortages…
Newswire | January 26, 2023
Posted on: 23 February, 2023
False
Patali -True on SL’s uneasy equilibrium, false on fuel bill savings
…the current normalcy in the country is at a low-level equilibrium. This is an uneasy equilibrium.... Our normal [monthly] fuel bill stood at US $ 550 million. It has now been cut down to US $ 200 million…
Daily Mirror | January 12, 2023
Posted on: 13 February, 2023
Partly True
MP Siyambalapitiya quite sober on alcohol and tobacco taxes
In 2021, 19% of the total tax revenue was received from tobacco and alcohol.
Daily News | September 21, 2022
Posted on: 20 October, 2022
True
Minister Gunawardana taxes the facts on problem of revenue
The total tax revenue collected by the government last year [2021] was LKR 1,298 billion. Of that, LKR 1,115 billion alone had to be used to pay the salaries and pensions of state sector employees. Therefore, only LKR 153 billion remained to be used for anything else.
Facebook Page of the Department of Government Information | August 23, 2022
Posted on: 6 October, 2022
Partly True
CBSL governor good on reduced export of goods
By 2001, export earnings as a percentage of the gross national product stood at around 33%. It is now less than 15%.
Lankadeepa | September 13, 2022
Posted on: 30 September, 2022
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
Chairperson PUCSL spots possibility for petrol price reduction
The price of petrol was reduced by 20 rupees last night. I had pointed out two weeks ago that the price of a litre of petrol... can be reduced by 150 rupees.
PUCSL Press Release | July 18, 2022
Posted on: 4 August, 2022
True