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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
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» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
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» SEYB.N0000 (Seylan Bank PLC)
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» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
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» The Korean Way !
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» In the Meantime Within Our Shores!
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» What is Known as Dementia?
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» SRI LANKA TELECOM PLC (SLTL.N0000)
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» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
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» Equinox ( වසන්ත විෂුවය ) !
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
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» REXP.N0000 (Richard Pieris Exports PLC)
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» RICH.N0000 (Richard Pieris and Company PLC)
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» Do You Have Computer Vision Syndrome?
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» LAXAPANA BATTERIES PLC (LITE.N0000)
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» What a Bank Run ?
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» Cboe Volatility Index
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» AHPL.N0000
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» TJL.N0000 (Tee Jey Lanka PLC.)
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» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
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» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
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» CSD.N0000 (Seylan Developments PLC)
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» PLC.N0000 (People's Leasing and Finance PLC)
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
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» NTB.N0000 (Nations Trust Bank PLC)
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
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» WATA - Watawala
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» KFP.N0000(Keels Food Products PLC)
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» Capital Trust Broker in difficulty?
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» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
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2 posters

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

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 44

    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 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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    serene
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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 Tue Oct 16, 2018 7:14 pm

    Thanks mate.
    Very Happy Razz

      Current date/time is Wed Jun 19, 2024 10:14 pm