Dashboard

Budget Promises: Beyond Parliament

Budget Promises: Beyond Parliament is a dashboard under publicfinance.lk that tracks the government’s performance in delivering on its budget promises.
HOW IT WORKS AND DETAILED DESCRIPTIONS

Click here for methodology, progress and openness descriptions for each proposals. Please reach out to pfp@veriteresearch.org to gain access to the source documents.

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End Year

Openness Tracker

Is the government saying what it is doing?
  •  OPEN
  •  RESPONSIVE
  •  UNCOOPERATIVE
  •  RESTRICTED
  •  CLOSED

Progress Tracker

Is the government doing what it's saying?
  •  IMPLEMENTED
  •  PARTIALLY IMPLEMENTED
  •  NOT IMPLEMENTED
  •  UNDISCLOSED

The Proposals List

Budget Promise
Ministry / Government Institution
Openness Tracker
Progress Tracker
Budget Promise
Reduce the Ports and Airport Development Levy (PAL) for machinery and equipment items (HS Code Chapters 84 and 85) to a maximum of 2.5%.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Implemented
Budget Promise
Remove the Nation Building Tax (NBT) on foreign currency receipts by hotels registered under the Sri Lanka Tourism Development Authority (SLTDA).
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Implemented
Budget Promise
Reduce economic Service Charge (ESC) from 0.5% to 0.25% for export sectors which are subject to Corporate Income Tax of 14%.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Implemented
Budget Promise
Remove Nations Building Tax (NBT) on the main construction contractor.
Ministry / Government Institution
-
Progress Tracker
Implemented
Budget Promise
Reduce the PAL and Customs Duty on the importation of machinery used in lapidaries and the PAL on un-cut gems imported from 7.5% to 2.5%.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Partially Implemented
Budget Promise
Remove the International Telecommunications Levy.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Partially Implemented
Budget Promise
Phase out cess on all HS codes with an import Cess over a five-year period.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
Partially Implemented
Budget Promise
Amend labour laws to allow part-time, flexible hours, and home-working, etc. to facilitate more women becoming active participants in our economy.
Ministry / Government Institution
Department of Labour
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Remove the minimum employment requirement imposed on companies engaged in IT services to be eligible for the special additional deduction of 35% on the salary expenses incurred.
Ministry / Government Institution
-
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Make it mandatory for all entities manufacturing or importing single use plastics (as defined by the Central Environment Authority) to register with the Ministry of Industry and Commerce before 1 September 2019.
Ministry / Government Institution
Ministry of Industry and Commerce
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Allow a deduction on corporate tax worth 50% of the salary cost of the mandatory 3 months maternity leave granted to mothers.i
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
NOT IMPLEMENTED
Budget Promise
"Revisit and simplify the licensing mechanism for the processing of desiccated coconut, coconut chips,charcoal, etc."
Ministry / Government Institution
Ministry of Industry and Commerce
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Introduce a legal framework for regulation and governance of pre- school education in Sri Lanka.
Ministry / Government Institution
Ministry of Labour and Trade Union Relations
Progress Tracker
NOT IMPLEMENTED
Budget Promise
"Amend the Fiscal Management (Responsibility) Act No.3 of 2003 to strengthen Fiscal Rules with 1) Legally binding Fiscal Targets, 2) A clearly defined escape clause, and 3) Correction mechanisms, in case of a target breach."
Ministry / Government Institution
-
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Make amendments to the Inland Revenue Act – including WHT adjustments, incentives for existing businesses, and interest income exemptions.
Ministry / Government Institution
Department of Fiscal Policy
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Issue the necessary guidelines and regulations for the establishment and operation of Child-Care Centers, After- School & Vacation-Care Centers, and similar facilities.
Ministry / Government Institution
Ministry of Women and Child Affairs
Progress Tracker
NOT IMPLEMENTED
Budget Promise
Draft the new Customs Act.
Ministry / Government Institution
-
Progress Tracker
UNDISCLOSED
Budget Promise
"Introduce key amendments to the Customs Act that are relevant to improving trade facilitation.iii"
Ministry / Government Institution
-
Progress Tracker
UNDISCLOSED
Budget Promise
Introduce an accelerated Cess reduction program for intermediate goods that drive up costs. This is to apply to sectors such as, the Construction Sector, Tourism, and Manufacturing. This is to be enacted over a three-year period.
Ministry / Government Institution
-
Progress Tracker
UNDISCLOSED
Budget Promise
Introduce an incentive package to attract high value investment. This would apply to capital allowances of up to 150% of investment value. Remove up-front taxes for investments over USD 50 Mn, USD 100 Mn & USD 1,000 Mn.
Ministry / Government Institution
-
Progress Tracker
UNDISCLOSED
Budget Promise
Introduce legislation for Limited Liability Partnership structures.
Ministry / Government Institution
Ministry of Finance
Progress Tracker
UNDISCLOSED
Budget Promise
Remove Customs Import Duty (CID) and Cess on Go Karts and the tyres used in Go Karts
Ministry / Government Institution
-
Progress Tracker
UNDISCLOSED