April 19, 2019

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    Mid-year Progress of the Implementation of Budget Proposals – 2014

    July 24, 2014

    According to the progress of Budget Proposals issued by the Dept. of Project Management and Monitoring of the Ministry of Finance and Planning as at 31st July 2014, Thirty three (33) budget proposals have been fully implemented, seventy six (76)  are being implemented and only three (03) proposals have not been initiated due to some time consuming preliminary arrangements required for implementation.

    Budget speech - 2014 announced 112 new proposals aiming to address emerging needs and gaps in all development sectors. Accordingly, many innovative projects and programmes have been launched by 30 line ministries and institutions under their purview, to implement these budget proposals.

     

    There are 59 expenditure proposals out of 112, which require Rs.96,950 million during 2014 while 06 new revenue proposals are basically focused on broadening the tax base. Remaining 47 proposals call for actions on law enforcement, regulatory measures, and streamlining of systems and procedures

     

    Mid-year Progress of implementation:

    - Thirty four (33) budget proposals (29%) have been
    fully implemented by 04 line ministries [  Finance
    and Planning (28), Public Administration (03), Justice
    (01), Civil Aviation (01) ].

    - Seventy four (76) budget proposals (69%) are being
    implemented as scheduled and started delivering
    expected benefits.

    - Only 03 proposals (2%) have not been initiated during the first half of the
    year due to some time consuming preliminary arrangements required for implementation.(KH)

    Mid-year Progress of the Implementation of Budget Proposals – 2014

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