Mangala’s Mangala Budget – Part 2: Go for reforms but permanently fix the country’s rising debt prob
Finance Minister Mangala Samaraweera delivering Budget 2018
Implementation is more important than presenting a BudgetMonday, 20 November 2017
Mangala’s Mangala Budget was approved in its Second Reading by a two-thirds majority in Parliament last week.
It would have certainly boosted his morale. Yet, so were the budgets presented by his predecessor as well. But, ex ante, as private research institute Verite Research had found (available at: http://www.budgetpromises.org/en), the Budget 2017 had gone into a dark abyss with only 3% of the proposals being implemented by mid-2017 and a further 32% remaining at various stages of implementation.
