What are the forgotten promises from Budget 2018? According to the promises tracked by budgetpromises.org, 2 promises have been classified as ‘neglected’, including the establishment of a Development Bank with an EXIM window.

What is Budget Promises?

“Budget Promises: Beyond Parliament”is a pioneering online platform that tracks the government’s performance in delivering on its budget promises.

The platform was launched in 2017 and seeks to answer two basic questions about the promises the government makes in its annual Budget Speech:

• (i) Is the government doing what it is saying?
• (ii) Is the government saying what it is doing?

By giving the public access to the answers to these questions, the platform aims to

• (i) Improve visibility of the government’s budget promises; and
• (ii) Hold it accountable for these promises.

How it works

BudgetPromises.Org tracks new expenditure proposals or ‘promises’ in the Budget Speech (listed in Annex 2 of the speech) which have an allocation of over LKR 1,000 million. In 2017, the platform tracked 37 proposals valued at LKR 116,910 million. In 2018, the platform tracks 38 promises with a total value of LKR 149,350 million.

The platform is updated twice a year and assesses each of these promises using two indicators: Openness and Progress. A mid-year assessment of performance for the first six months is released in October of the year and a year-end assessment of performance for the full year is released in April/May of the following year.