What Is Fundamentally Wrong With The 2014 Budget?

 by Laksiri Fernando 

( November 29, 2013, Sydney, Sri Lanka Guardian) The economic fundamentals overtly appear strong in the 2014 budget with the objectives of reducing the debt rate, budgetary deficit and sustaining a reasonable growth rate. That is when we look at the budget from a conventional economic point of view or a ‘bourgeoisie’ stand point, to be more precise. But what is the point of a budget in a developing country like Sri Lanka if it doesn’t address the key challenges in the socio-political system, not to speak of any socialist or progressive objectives? 

This article focuses on the budget’s implications on the provincial council system or the country’s fiscal devolution. 

What is Fundamentally Wrong With the 2014 Budget by nelvely