Budget 2018 to prepare on Performance basis of ministries
- - Sep 02, 2017
The Secretary to Treasury and Secretary to Ministry of Finance and Mass Media Dr. R.H.S Samaratunga has informed that the Budget 2018 would be prepared on the Performance of Ministries.
He informs all the budget proposals by the line ministries, provincial ministries and the heads of departments should clearly indicate the details of the output of such projects accompanied with the Key Performance Indicators (KPI).
He further says that priority would be given for ongoing and foreign funded projects where KPI based measurable outcomes are identified for each projects.
The medium term macro –fiscal framework for 2018-2020 approved by the Cabinet of Ministers for the Performance based budget preparation from the year 2018 include the rationalization of recurrent expenditure and prioritization of capital expenditure while enhancing the government revenue mobilization and public investment and reducing the budget deficit and the outstanding government debt.
Finance and Media Minister Mangala Samaraweera said that the government expects such improvements in the performance of the public finance management would augur well the realization of medium – term economic growth of around 6 to 7 percent.