Budget 2009
Written by Administrator   
Tuesday, 16 December 2008

Views : 9766    

Favoured : 1625

Published in : Annual Budget Reviews, Annual Budget Reviews

In any democratic country, the Annual Budget of the Government is, by and large, a political economic document rather than purely economic, as most economists would like it to be. Hence, economic rationality and economic prudence gives way to political opportunism and manoeuvring. The Government of Sri Lanka's Budget for 2009 presented to the Parliament on 06th November 2008 is no exception to this.

Basking on the relentless successes in the battlefields of the North and electoral successes in three Provinces for which elections were held during this year (2008), politically astute Chief Executive Officer (President) cum Chief Financial Officer (Minister of Finance) of the Government unveiled a populist budget aimed at further wooing the masses keeping in mind the upcoming five Provincial Council elections early next year (2009), which could perhaps lead to a snap Parliamentary election. Although the budgetary allocation of just LKR 1,100 million (or 1.1 billion) for the Department of Elections in 2009 is not adequate for a snap Parliamentary election (on top of the five provincial council elections already in the pipeline), the government could always allocate more money to the Department of Elections through a supplementary budget.

Budget 2009 PDF


Last update : 26-06-2011 16:05

Quote this article in website
Send to friend
Related articles

Users' Comments  RSS feed comment

Average user rating

   (0 vote)


Add your comment
Only registered users can comment an article. Please login or register.

No comment posted

mXcomment 1.0.6 © 2007-2024 - visualclinic.fr
License Creative Commons - Some rights reserved