State of the Budget Report 2022: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Government’s Policy

Abstract

This is the second report in a series of two reports on Sri Lanka's central government budget for the year 2022. The report assesses whether the expenditure allocations and taxation policies are in line with the government's policy. There are three key sections of the report. The first highlights Sri Lanka's fiscal position and the issues surrounding government revenue, public expenditure and debt. The second analyses the budgetary practices by the Sri Lankan government focusing on oversight, transparency, allocation and utilization of public funds. The third section assesses four sectors that are relevant to key policy priorities of the government namely; (i) Health; (ii) Education; (iii) Power; and Energy (iv) Agriculture, Irrigation and Fisheries.