Sri Lanka Articles & Analysis

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Chapter | Education & Health from The Report: Sri Lanka 2017

The administration of President Maithripala Sirisena has planned a series of reforms that it hopes will better equip Sri Lankans for the more competitive economic activities of the future. It aims not only to increase the number of years spent in school, but also to raise the standards of teaching, and emphasise a curriculum of critical thinking and problem solving. Sri Lanka is also keen to...

Chapter | Construction & Real Estate from The Report: Sri Lanka 2017

Across the island, a wide-ranging infrastructure development campaign is unrolling to expand Sri Lanka’s production capacity, efficiency and productivity, with the added aim of reducing regional disparity. Building and infrastructure projects are expected to strengthen the country’s economy, with the ultimate aim of achieving high-income, sustainable economic growth for all Sri Lankans....

 

In the round-up of significant legal and non-constitutional reforms adopted throughout the course of 2016, as well as in the highlights of the overview of this chapter, I have referred to in some detail the work of the Law Reform Commission Programme. I quoted from that programme of work in regard to the proposed work of the Law Reform...

 

The year 2016 saw significant developments in the legal reform sphere. The most fundamental development was without a doubt the enactment of the Right to Information (RTI) Act. Many commentators consider that the RTI Act will be transformational and will go a long way to making government properly accountable. Minimum wage legislation was...

 

The much-awaited budget speech for 2017 delivered on many fronts, particularly revenue measures and tax administrative reforms, with an aim to improve overall business sentiment. The shift that was seen with most new revenue proposals was that they are now targeted at improving the direct tax contribution towards revenue. Unlike in 2016, some...

 

Taxation continues to the principal instrument of mobilising revenue for financing public expenditure. In addition to serving this primary function, the Sri Lanka tax system has been harnessed over the years to serve the economic and social policy objectives of the government, both as a means of promoting capital formation and investment,...