Public Report on the 2021 Budget: Assessment on Whether the Expenditure Allocations and Taxation Policies are in Line with the Governments Policy
Abstract
This report will assist the public and other stakeholders in understanding the adequacy, credibility and prioritisation of the government’s expenditure allocations and taxation policies and the extent to which these are in line with the government’s policies. In doing so, this assessment also allows these stakeholders, including parliament, to understand where improvements can be made, and engage the executive arm of government to achieve the necessary change. Section I provides an overview of the report, making note of the constraints and qualifications that are pertinent to its assessment, and presents a summary of findings. The substantive analysis of the present report is set out in Sections II and Section III. It is followed by an Annex that provides additional information. In Section II, the report identifies eight sectors that are relevant to key policy priorities of the government i.e. (i) Health, (ii) Defence, (iii) Infrastructure, (iv) Trade and Industry (v) Environment (vi) Education, (vii) Agriculture, Irrigation and Fisheries, and (viii) Social Empowerment and Protection and assesses whether the 2021 Budget proposed to the Parliament is in accordance with the stated priorities. Policy priorities of each sector are identified using the official national policy framework summary “Vistas of Prosperity and Splendour” published on the website of the Ministry of Finance. In addition, the report also highlights issues in Informational Standards and Due Diligence of the budget.
Note
Description
65p. The Economics Team of Verité Research compiled this study. The team comprised Anushan Kapilan, Dinuk de Silva, Lahiri Jayasinghe and Udahiruni Atapattu. Editorial support was provided by Deshal de Mel, Nishan de Mel and Venya
de Silva. This is the second of a series of two reports, the first report is available elsewhere on the KMS. The report is available in English, Sinhala (i.e.2021 අයවැය පිළිබඳ ප්රසිද්ධ වාර්තාව: වියදම් සඳහා වෙන් කෙරෙන ප්රතිපාදන හා බදුකරණ ප්රතිපත්ති රජයේ ප්රතිපත්තියට අනුකූලද යන්න පිළිබඳ ඇගැයීම) and Tamil (i.e. 2021 ஆம் ஆண்டின் வரவு செலவுத் திட்டம் தொடர்பான). It is available on the Verité Research website at https://www.veriteresearch.org/publication/public-report-2021-budget-eng/
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