Home
Register
Budget bungled?
Wednesday, 23 November 2016 01:07
Parliamentary Committee on Public Finance Chief says Ravi K’s numbers don’t tally
Committee on Public Finance Chairman and Opposition lawmaker M. A. Sumanthiran yesterday charged in Parliament that the 2017 Budget presented by Finance Minister Ravi Karunanayake didn’t tally with the actual figures by which the Ministry was working on.
Sumanthiran, tabling the report on ‘Assessment of the Fiscal, Financial and Economic Assumptions of the Budget 2017” prepared within four days by a panel of experts and economists, recommended moving the actual numbers with immediate effect.untitled-1
“We were given a set of figures on 2 November, which later turned out not to be the basis on which the Minister of Finance presented his budget. Thereafter, on 12 of November, another set of figures were given to us and we have now based our report on that new set of figures. We have recommended that the Government distributes to members of Parliament the second set of figures from 12 November, at least during the Committee Stage debate,” explained MP Sumanthiran.
According to MP Sumanthiran, the fiscal assessment of the Budget 2017 is the first report presented by the current committee. “Although the committee worked without a parliamentary budget office this year, we are indebted to the service rendered to us by a few individuals including Dr. Anila Dias Bandaranaike, Rose Cooray, Themiya Hurulle, Sarath Mayadunne and a team of economists working through Verite Research, including Dr. Nishan de Mel, who gave invaluable input and assistance without any remuneration,” said Sumanthiran.
The Committee on Public Finance was established by a resolution passed in Parliament on 19 December 2015 with a broad mandate to examine the public funds, revenue and debt. The committee is mandated to present a report within six weeks of the tabling of budget estimates. (AH)
- See more at: http://www.ft.lk/article/581773/Budget-bungled?#sthash.6Lo1jehT.dpuf
Wednesday, 23 November 2016 01:07
Parliamentary Committee on Public Finance Chief says Ravi K’s numbers don’t tally
Committee on Public Finance Chairman and Opposition lawmaker M. A. Sumanthiran yesterday charged in Parliament that the 2017 Budget presented by Finance Minister Ravi Karunanayake didn’t tally with the actual figures by which the Ministry was working on.
Sumanthiran, tabling the report on ‘Assessment of the Fiscal, Financial and Economic Assumptions of the Budget 2017” prepared within four days by a panel of experts and economists, recommended moving the actual numbers with immediate effect.untitled-1
“We were given a set of figures on 2 November, which later turned out not to be the basis on which the Minister of Finance presented his budget. Thereafter, on 12 of November, another set of figures were given to us and we have now based our report on that new set of figures. We have recommended that the Government distributes to members of Parliament the second set of figures from 12 November, at least during the Committee Stage debate,” explained MP Sumanthiran.
According to MP Sumanthiran, the fiscal assessment of the Budget 2017 is the first report presented by the current committee. “Although the committee worked without a parliamentary budget office this year, we are indebted to the service rendered to us by a few individuals including Dr. Anila Dias Bandaranaike, Rose Cooray, Themiya Hurulle, Sarath Mayadunne and a team of economists working through Verite Research, including Dr. Nishan de Mel, who gave invaluable input and assistance without any remuneration,” said Sumanthiran.
The Committee on Public Finance was established by a resolution passed in Parliament on 19 December 2015 with a broad mandate to examine the public funds, revenue and debt. The committee is mandated to present a report within six weeks of the tabling of budget estimates. (AH)
- See more at: http://www.ft.lk/article/581773/Budget-bungled?#sthash.6Lo1jehT.dpuf
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?