In his statement, the MP states that (1) 70% of government revenue is spent on interest on loan repayments, and (2) Lebanon is the only country in the world to pay higher interest than Sri Lanka as a percentage of national revenue. To evaluate this claim, FactCheck.lk consulted the Central Bank of Sri Lanka (CBSL) Annual Reports and the World Bank World Development Indic
The former MP claims that (a) 10 Covid-19 patients die every hour in Sri Lanka, (b) the ratio of Covid-19 death to cases in Sri Lanka is 1.5%, and (c) Sri Lanka reports the highest daily Covid-19 death rate in the Asian region at the time of his statement (i.e., 11 August).
In Sri Lanka, the phrase “sugar scam” refers to the scandal surrounding the sudden large reduction in the Special Commodity Levy (SCL) on sugar imports, which took place on 13 October 2020. The SCL on sugar was reduced by 99.5%
In his statement, the state minister claimed that the population percentage dependent on agriculture is over 30%, while the contribution to GDP is less than 10%. His figures indicate that the population percentage dependent on agricultur
In his statement, the MP states that (1) public sector debt as a percentage of GDP was 109.7% in 2020, (2) this is the highest public debt in Sri Lanka’s history, and (3) if sovereign bonds had not been undervalued public debt would exceed 113% of GDP. To evaluate this claim, FactCheck.lk consulted the Central Bank of Sri Lanka (CBSL) Annual Reports.
To check the claim on the ‘collapse’ of Sri Lanka’s tourism industry following the Easter attacks and the COVID-19 pandemic, FactCheck.lk compared the change in performance of tourism earnings after April 2019 and after March 2020 (when COVI
To evaluate this claim, FactCheck.lk looked exclusively at Our World in Data (OWID) statistics on COVID-19 to facilitate cross country comparison (as of 10th July). The minister does not state his metrics of success. FactCheck.lk evaluated the claim using three criteria: (1) number of deaths per million, (2) number of tests per thousand alongside the associated positivity rate, and (3) percentage of population vaccinated.
To check this claim, FactCheck.lk consulted the latest press releases by the Epidemiology Unit of the Ministry of Health and Our World in Data statistics on COVID-19 vaccinations. To evaluate the first claim, FactCheck.lk considered the MP to be referring to the number of people who have received at least one dose of the COVID-19 vaccination. To evalu
In his statement, the MP states that (1) Sri Lanka imported 574,000 metric tonnes of fertiliser in 2020, and (2) Sri Lanka, using 284kg per hectare, has the highest chemical fertiliser consumption in South Asia. To check the f
In his statement, the MP states that (a) industries in total contribute to 26.4% of GDP, (b) industrial exports contribute 10% to GDP and (c) 10% of export against the 26.4% production is a very low share of total industrial production to export. To check this claim, FactCheck.lk consulted the National Accounts and Annual Exports Statistics published by the Central Bank of Sri Lanka and World Bank Development Indicators. On claim (a), according
To check this claim, FactCheck consulted the latest available Household Income and Expenditure Survey (HIES) from the Department of Census and Statistics. The HIES is the main source of data in Sri Lanka on estimates of income share by h
FactCheck considered the word “strongest” as used by the minister to signify either the largest fund, or the fund with the highest rate of return. To check this claim, FactCheck looked at official sources from multiple countries in Asia to assess the size and rates of return of those funds in relation to Sri Lanka’s EPF.
To check this claim, FactCheck consulted Ministry of Finance (MoF) annual reports and Lanka Sathosa (LS) annual reports. Notably, LS and the MoF report has contradicting figures prior to 2016. LS also does not have data available after 2017 and provides two different figures for 2014 in the 2014 and 2015 annual reports. FactCheck evaluated the minister’s statement on the basis of both sources.
To check this claim, FactCheck consulted the Annual Imports Statistics published by the Central Bank of Sri Lanka for 2019 and 2020 under the External Sector Statistics and Monthly Economic Indicators which give provisional import data.
Claim 1: Concerns regarding repayment or credit risk can be assessed by the rate of interest demanded by borrowers and willingness to lend. The majority of Sri Lanka’s government non-ISB debt consists of domestic rupee debt (53.5% of total debt). On this, interest rates have declined to very low levels, indicating low concern over credit risk. However, of the remaining non-ISB debt, it is no
Prime Minister Mahinda Rajapaksa claims that there has been an increase in the exports of export agricultural crops (EACs) during 2020 when compared to 2019. Export Agricultural Crops (EAC) refers to a set of specific crops that are under the purview of the Department of Export Agriculture. These include various spices (cinnamon, pepper, nutmeg etc.), betel leaves, areca nuts, coffee, cocoa and various essential oils.
In his statement, the Director General (DG) of Health Services Dr. Asela Gunawardana states that if COVID-19 reaches community spread, then the positive rate will spike up as an indication. He concludes by this criteria that Sri Lanka does not have community spread. In November 2020, Fact
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