The new Ministers of Finance: Will their budget keep its promises?
Analysis of past budgets reveal large deviations between budgeted allocations and actual expenditure. This shows that expectations set by the government during the budget speech are not honoured. This Insight analyses budgeting on social services and the rural economy to demonstrate the extent of deviations in promised allocations and actual expenditure. Results suggest that when precise expenditure is not tangible, it is easier to renege on budget promises.
Verité Research, as the name implies, is an independent think tank with research at its core. We carry out this research along four areas –economics, politics, media, and law. Leveraging this research, we provide strategic analysis and advice to governments, organisations, and the private sector in Sri Lanka and beyond.