#taxes - A wake up call to all citizens" #advocatalk Dr. Roshan Perera 's on #FacetheNation , Newsfirst.lk Sri Lanka 🔗youtube.com/watch?v=--1qIa… #economy #reforms #SriLankaNews #taxes #EconomicCrisis #SriLankaEconomicCrisis

Global growth remains weak, but it may be at a turning point. We have slightly increased our 2022 and 2023 growth forecasts. Global growth will slow from 3.4% in 2022 to 2.9% in 2023 then rebound to 3.1% in 2024. imf.org/WEO-jan23

But there is a danger not only of loosening too soon, but also of loosening too far under what is quite likely to be fierce political pressure, so generating another upsurge. Lessons from the great reflation - on.ft.com/3x4qG8P via Financial Times

Limited capacity and political space may affect the speed at which reforms are undertaken. But the bottom line is unless these macroeconomic and structural reforms are carried out, Sri Lanka will likely be going back to the IMF for the 18th time.  themorning.lk/articles/teliT…

Some 30 years ago, India too was on the edge of bankruptcy. In response, its Finance Minister delivered a budget speech for the ages. It changed India forever. It couldn't be more different than the budget we have recently heard in Pak. A thread on that remarkable India speech...

Weighing in on the DDO. Is it sufficient? Is it fair? fb.watch/lFkJ4ki6Fy/?mi…

Check out these fascinating articles featured in today's editions of The Sunday Morning and Sunday Times Education section. Get ready to expand your knowledge! 📚💡 – Sunday Times 09.07.2023 - Read more: lnkd.in/gF_VTYMR #EducationNews #TheSundayMorning #SundayTimes

Sri Lanka economic crisis: Long way to go on fiscal reforms, says analyst cnb.cx/46cW58s

To prevent a global catastrophe, the international community must establish mechanisms to ensure timely and fair burden-sharing among sovereign creditors. The Great Debt Conundrum by Anne O. Krueger Project Syndicate prosyn.org/HW0sccY

news.harvard.edu/gazette/story/…)

Compared to other countries in the region as well, CIT collection in Sri Lanka has been abysmally low ft.lk/columns/Reform…

My take on budget 2024 youtu.be/Bdb7lqpLCHk?si…

The way forward would be to determine VAT rates, thresholds and exemptions based on scientific analysis and clear economic rationale   ft.lk/columns/Fiscal…

Central bankers are on the front line of the fight against inflation. Govts must not make the task harder by loose fiscal policy. To make fiscal support during a cost-of-living crisis less inflationary, govts should target relief to the most vulnerable imf.org/en/Publication…

Financing the govt deficit what are the alternatives? An inflation tax or the VAT?

Join us for an exciting evening for a discussion on the Challenges of Policymaking in an Economic Crisis with a man who is truly a giant in the Sri Lankan economic arena, Mr. Indrajit Coomaraswamy. #SriLanka #economy #Crisis #policy

These economies need immediate help from abroad—both in the form of debt relief for some of them and an overall upgrade in the global framework for restructuring debt blogs.worldbank.org/voices/silent-…