Making a budget for a poor country with a mountain of debt, low investment, a large public service and high defense expenditure is no easy task. Making a budget for a poor country with a mountain of debt, low investment, a large public service and high defense expenditure is no easy task. But this is the challenge facing the Finance Minister and his team when they prepare the UPFA government’s first budget on Thursday.
The government has already promised more state jobs, higher salaries and subsidies.
Experts say balancing these promises with the macro reality will be a challenge for any budget team.
Sri Lanka has a lot in common with its colonial master, Britain.
Large governments in both countries provide lots of free services like education and health.
Likeness doesn’t end there.
Pomp and pageantry in public services is one such similarity.
Influence doesn’t stop there but extends to the top legislature too, not the one by the Thames, but by a lake anyway.
Parliamentary tradition is borrowed from England, including the brandishing of a budget box when its time to spell out the government financ