Budget 2018 mired on implementation
Taken from DailyFT From left: Verite Research’s Research Director Subhashini Abeysinghe, Analyst Hasna Munas and Economic Research Team Leader Vidya Nathaniel - Pic by Ruwan Walpola Verité’s latest Budget tracker for 1H shows only 8% of 38 major proposals worth Rs. 149...
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Budget promises lagging; state of ‘Implementation Unit’ unknown
Taken from Daily Mirror National Budget Department says no such unit exists Progress reports of individual ministries lacking consistency Status of 26 percent of promises remains undisclosed By Shabiya Ali Ahlam The government has yet again failed to implement the...
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Only 8-pct of Sri Lanka govt budget promises on track, study finds
Taken from EconomyNext ECONOMYNEXT – Most new spending proposals in Sri Lanka’s 2018 government budget are behind schedule in their implementation with only eight percent of promises progressing on track, the same rate as last year, a new study has...
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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Taken from LBO Oct 16, 2018 (LBO) – Sri Lanka’s private think tank Verité Research has found out that only 8 percent of promises announced in the 2018 budget are progressing on track through the end of the first six...
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Only 8% of budget promises are on track, says think tank
Taken from Ada Derana A private sector think-tank says that only 8% of the government’s budget promises are progressing in line with their targets and that the pace of progress is slow, at the end of the first six months...
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Budget Promises: 33% Broken, Neglected or Undisclosed, Only 8% on Track
Budget Promises: Beyond Parliament is Sri Lanka’s pioneering budget monitoring platform. It tracks the government’s performance and openness on key promises made in its annual budget. The platform is motivated by two basic questions: (1) Is the government doing what...
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High protection betrays uncompetitiveness of Sri Lankan industry
ECONOMYNEXT - Prohibitive import tariffs that protect domestic industry from competition are an indication of the inefficiency of local companies, Subhashini Abeysinghe, Research Director at think-tank Verité Research said. Higher import taxes signal higher domestic prices compared to import prices,...
continue readingSri Lanka needs to generate public support for trade reform
ECONOMYNEXT - Sri Lanka needs to convince the public about the benefits of trade so they could prod politicians to make the reforms to reduce living costs and companies more competitive, panelists at a World Bank forum said. The general...
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Corrupt bureaucrats, uncompetitive local industries blocking trade liberalisation
By Nishel Fernando The largely uncompetitive local industries and corrupt bureaucrats are exploiting the public perception to delay trade liberalisation and the necessary reforms for their personal gains, as the government and academics have so far failed to engage the...
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