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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyToday at 5:00 pm by Ethical Trader

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» Stock Market to stay Bullish
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptySun Jul 07, 2019 12:25 pm by dhanurrox

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» Easter Sunday Attack and Sri Lanka
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» අනං මනං! #/+?.<>
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» First capital holdings
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» Life After Google
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» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
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» Cricket !
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Re: Financial reports Q1-2019
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» Should CSE be like this? Whose FAULT is it?
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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité

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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité Empty Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité

Post by The Invisible on Tue Oct 16, 2018 3:19 pm

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 months of this year.

The research firm has also found out that progress on 33 percent of proposals is either broken, neglected or undisclosed.

“This means that the government is either not doing what it is saying or not saying what it is doing for promises amounting to 60,200 million rupees,” Analyst at Verité Research, Hasna Munas told reporters at a media briefing.

“59 percent of new expenditure proposals in the 2018 budget are identified as lagging in terms of their implementation.”

The firm said while the government’s progress in implementing its budget promises remains stagnant, its willingness to disclose this information has declined.

In the first half of 2018, information progress for 74 percent of the tracked promises was either not available or obtained with difficulty.

In nearly 60 percent of the promises being tracked, government institutions have failed to provide the action plan or progress report in response to a request filed by the firm under the RTI Act.

Verité Research further said that only 33 percent progress reports could be compared against the action plans received.

“In the 2018 budget speech, Finance Minister announced that an implementation unit would be set up under the ministry to monitor the execution of the proposals,” Team Leader of Verité Research, Vidya Nathaniel said.

“However, in response to an RTI request, the ministry claimed that such a unit does not exist. Yet, in another response, this statement was contradicted by the same ministry.”

Promises progressing on track:
– Provide 20,000 housing units under the Urban Regeneration Project by 2020 for the low-income segment
– Developing and upgrading the Fishery Harbors anchorages landing sites
– Support to the skill development programmes conducted by the Youth Corp

Neglected promises:
– Establishment of a Development Bank (EXIM Bank)
– Establish an “Employment Preparation Fund” at MNPEA

Budget promises tracker tracks new expenditure proposals, or ‘promises’, in the budget speech which have an allocation of over 1,000 million rupees.

In 2018, the platform is tracking 38 such promises, with a total value of 149,350 million rupees. This amounts to over 82 percent of the total value of new expenditure proposals in the 2018 Budget Speech.

The platform assesses each of these promises, using two indicators: Openness and Progress.

http://www.lankabusinessonline.com/only-8-pct-of-sri-lankas-2018-budget-promises-progressing-on-track-verite/
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Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité Empty Re: Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité

Post by serene on Tue Oct 16, 2018 7:14 pm

Thanks mate.
Very Happy Razz

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