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What’s a Decode? It’s how we help you make sense of economic news, we explain what happened and why it matters to you. Get the monthly roundup delivered straight to your inbox.


How will the US-Israel war on Iran affect Sri Lanka?
The impact of the war depends on how long it lasts and how far it spreads; if it ends in a few weeks, stability can return in a few months. If it continues for months, it will take years for the global economy to stabilise.

Rehana Thowfeek
Mar 12




New Microfinance Bill Regulates, But Doesn't Protect Enough
The Microfinance and Credit Regulatory Authority (MCRA) Bill 2025, is legislation which introduces a consolidated regulatory framework to govern Sri Lanka’s microfinance and moneylending sectors. By repealing the Microfinance Act No. 6 of 2016, the Bill establishes a more empowered statutory authority with expanded supervisory, licensing, and enforcement capabilities. Arutha’s latest brief analyses the latest Bill and whether it does enough to protect the most vulnerable.

Team Arutha
Feb 20


The Forum with Rehana Thowfeek
Economist, Co-Founder and Director of Arutha's Civic Education Initiatives, Rehana Thowfeek spoke to Ruwandi Perera from LMDtv.

Team Arutha
Feb 13


Chinese SOEs in Sri Lanka: Understanding how they operate, adapt and compete oversees
This report examines how China’s SOEs have operated and evolved in Sri Lanka over the past two decades.

Team Arutha
Feb 13


Wage hike or hidden subsidy? Government removes employers’ responsibility
The government’s Budget 2026 proposal to subsidise part of plantation worker wages raises questions on fairness, employer responsibility and accountability. Arutha’s latest brief analyses the impact and practicality of this proposal.

Team Arutha
Dec 1, 2025


Decoded: Claims about Sri Lanka’s default and IMF timeline are inaccurate
JVP General Secretary Tilvin Silva’s claims on the timeline of Sri Lanka’s sovereign default its seeking support from the IMF is inaccurate.

Team Arutha
Nov 26, 2025


TPA backs wage hike but calls for clear implementation – Barath Arullsamy
The Tamil Progressive Alliance (TPA) has expressed support for the 2026 Budget’s proposed daily wage increase for plantation workers, while urging clear implementation and wider structural reforms.

Team Arutha
Nov 15, 2025


AKD targets 7 percent growth, critics identify policy and implementation barriers
“In some ways you want a boring budget,” says Yolani Fernando, an ex-Treasury staffer who now heads Arutha, a think tank. “On the fiscal side, this budget is boring. That's a good thing. It means there is policy continuity. The rest of it isn’t bold. You're staying on the track, going as fast as you were in the past. But that’s not going fast enough for seven percent growth.”

Team Arutha
Nov 14, 2025


NPP’s Budget 2026: Cautious where it should be, but not bold where it could be
Is Budget 2026 bold enough for a 7% GDP growth target? Rehana Thowfeek analyses #Budget2026 from the lens of structural economic reforms covering tax administration, public sector, SOE and trade reforms.

Team Arutha
Nov 14, 2025


අයවැයෙන් බදු ප්රතිපත්තියේ වෙනසක්?
අද අපි කතා කළේ නොවැම්බර් 7 වැනිදා පාර්ලිමේන්තුවට ඉදිරිපත් කිරීමට නියමිත 2026 වර්ෂය සඳහා වන අයවැය ගැන. මේ ගැන කතා කරන්න Neon සහ Arutha team එකත් එක්ක එකතු වුණේ මහාචාර්ය රොහාන් සමරජීව.

Team Arutha
Nov 12, 2025


Decoded: Need for independent oversight of EPF
The EPF should be managed by an independent institution whose primary objective is to promote the best interest of its contributing members.

Team Arutha
Nov 11, 2025


Budget 2026: ‘Public sector: Biggest constraint for reform’
Executive Director of Arutha, Yolani Fernando spoke to Savithri Rodrigo on what to expect from this year’s budget. "People often see the reduction of subsidies as austerity, but, subsidies tend to be poorly targeted welfare.

Team Arutha
Oct 20, 2025


Decoded: Lessons from previous fishermen’s pension scheme as a new one is proposed
Lessons from previous fishermen’s pension scheme as a new one is proposed

Team Arutha
Aug 20, 2025


Reflections from Visits to the Australian Productivity Commission and the Office of Impact Analysis
Rehana Thowfeek reflects on her visits to Australia’s Productivity Commission (PC) and Office of Impact Analysis (OIA) in this paper. She contrasts Sri Lanka’s opaque policymaking processes to that of Australia, which enforces a systematic method of policy development that prioritises stakeholder consultations, data and evidence and accountability.

Rehana Thowfeek
Jul 28, 2025


The Case for Bus Rapid Transit Systems: Lessons from the Neighbourhood
Rojie Ekanayake explores the potential of Bus Rapid Transit (BRT) systems in addressing the long-standing issues in Sri Lanka’s public bus network, namely, poor safety, accessibility and comfort. Drawing on experiences from India and Pakistan, she highlights how BRTs, though promising faster and more efficient travel, can succeed only through careful planning and context-specific implementation.

Team Arutha
Jul 28, 2025


ගමේ සභාවේ අයවැයට අපේ බලයේ දායකත්වය !
සෞඛ්යය, අධ්යාපනය, පිරිසිදු කිරීම, යටිතල පහසුකම් වැනි සේවා වැනි බොහෝ සේවාවන් ප්රමාණයක් තීරණය කරන ගාමක බලවේගයක් වන්නේ මේ පළාත් පාලන ආයතනයි. එනමුත් මේ ක්රියාවලියේදී ඡන්දය ලබා දීමට අමතරව ඔබට සම්බන්ධ විය හැකි ආකාරය පිළිබදව ඔබ දන්නවද? ඒ අයවැය සම්පාදනය කිරීමේ ක්රියාවලිය තුලිනි.

Team Arutha
May 6, 2025


Budget Proposals 2025
In keeping with Arutha’s aim of sharing nonpartisan, accurate information and research insights, we have complied a series of proposals for consideration in the national budget for 2025. We believe that these measures would enable Sri Lanka to address urgent issues including revenue generation, inequality as well as the provision of essential goods and services to the public. The full list of proposals can be accessed below.

Team Arutha
Jan 30, 2025


Career & Care: Supporting Women who Power our Economy
“Career & Care: Supporting Women Who Power Our Economies” is the first issue of the series, Arutha in Focus. This compilation features three articles written by Yenuli Ranaweera and Rojie Ekanayake, originally published in The Morning newspaper, that focus on women in Sri Lanka’s workforce. The articles discuss care work, labor force participation, and the challenges faced by women in the workplace.

Team Arutha
Oct 3, 2024


5 Priorities For Sri Lanka’s Next Government – 2024
Sri Lanka is fast approaching a Presidential Election against a backdrop of substantial economic challenges, including high living costs, complex debt negotiations, and a range of reforms. Presidential candidates and political parties have put forth several economic policies and campaign pledges aimed at addressing these urgent issues.

Team Arutha
Sep 13, 2024
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