In his statement, the president claims that the present government is burdened with having to pay various debts taken by previous governments. As an example, he cites that before 2015 Sri Lanka had only borrowed USD 5 billion worth of International Sovereign Bonds (ISBs); and that the 2015-2019 government had increased ISB borrowings to USD 15 billion.
To evaluate this claim, FactCheck.lk consulted decision documents and notices from the Public Utilities Commission of Sri Lanka (PUCSL) and Ceylon Electricity Board (CEB) Annual Reports. Since electricity is billed differently, in tiers that depend on the level of monthly usage, FactCheck.lk evaluated the claim for all six tiers of billing. Prior to M
In his statement, the MP claims that (a) foreign remittances increased in the first five months of 2021 in comparison to 2020, (b) the decline in remittances started in June 2021, and (c) remittances in January 2022 had decreased by 62% in comparison to January 2021 figures. To check the M
The MP made this statement in the context of questions being raised about why MP Johnston Fernando was appointed to the ‘new’ cabinet (sworn in on 4 April 2022), following the resignation of all cabinet ministers save the prime minister.
In his statement, the MP compares foreign exchange reserves of the South Asian region between 2019 and 2021, and states that reserves declined in Sri Lanka by 80%, while the other countries recorded an increase. To check the
The minister in a statement on Facebook states that 1) Sri Lanka’s total exports are USD 12.3 billion in 2020 and USD 15.12 billion in 2021 and depicts in his graph that 2) total exports have been on an increasing path and have further increased by 23% in 2021.
To evaluate the president’s claim FactCheck.lk consulted the Ministry of Finance’s (MoF) Annual Report 2020 and the Fiscal Management Report 2022. Sri Lanka receives foreign loans both through the disbursements of previously agreed loans, as
The main claim is that Sri Lanka’s debt rose much faster over the five-year period from 2015-2019 than over the 10-year period prior to that. To check the figures cited by the minister, FactCheck.lk consulted data presented in the annual reports of the Central Bank (CBSL), Ministry of Finance (MoF) for 2004 – 2020, and Verité Research’s Insight “Demystifying increase in Sri Lanka’s debt”, which sets out the methodology for calculating debt incre
In his address to Parliament, State Minister of Co-operative Services, Marketing Development and Consumer Protection Lasantha Alagiyawanna attempts to attribute the failure to ensure a safe composition of Propane and Butane i
The Fundamental Rights petitions filed challenging the legality of the agreements of the Yugadanavi power plant were fixed for January 19 yesterday by the Supreme Court. The petitions were re-fixed for further hearing since Supreme Court bench was not properly constituted. The petitions
SSP Thalduwa made these claims to the media in relation to the incident where an activist was questioned by the CID for posting a video on social media of the public verbally protesting against President Gotabaya Rajapaksa as he was travelling through Mirihana. FactCheck.lk assessed these claims by analysing the provisions of the Constitution and judgments of the Supreme Court of Sri Lanka.
According to the Food and Agricultural Organisation (FAO), “The concept of food self-sufficiency is generally taken to mean the extent to which a country can satisfy its food needs from its own domestic pro
The minister claims (a) there are nearly 1,000 tax files registered with the Department of Inland Revenue (IRD), and (b) there are over 10 million credit cards in issue in the country, with each credit card holder performing transactions of over Rs. 1 million. FactCheck.lk interpreted the minister’s statement in context as referring to the value of transactions per annum per credit card rather
To check this claim, FactCheck.lk consulted import data from the Central Bank of Sri Lanka (CBSL). Expenditure on fuel imports depends not just on consumption, but also largely on international prices, which tend to fluctuate. Therefore, FactCheck.lk considered average expenditure on fuel from 2010 to 2020.
In his statement, the MP claims that as per the Cabinet memorandum presented by Finance Minister Basil Rajapaksa, the Framework Agreement between the government and the New Fortress Energy (NFE) Company resulted in assigning to NFE economic rights that were a part of an ongoing tender process—the integrity and sensibility of which has also been questioned. The tender was to build a Floating Storage Regasification Unit (FSRU), and the pipelines th
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