Business Times

Budget: Hope for the day, bleak thereafter

Traditionally, the Sri Lankan budget is a hope a day before - and bleak a day after. It is a reality for decades irrespective of the regime of the day. We remember how promising all budget presentations have historically been, but the results speak loud and clear.

Despite the horrific war in the north for 34 years and the quick-fix southern insurrections - a genuine effort from the corridors of power - since independence - could still have made a good difference to each citizen of this nation.

The budget 2011 too seems an extension of the tradition where the survival is glued to borrowings and levies than creating paths for economic harvest to achieve stability first and then to focus on surplus economy. Though it is easily written than executed, an authentic economic steering that erases inefficiency, waste, misuse and abuse is a healthier option than momentary survival by 12 month blocks that forgives and forgets the failures in the preceding 12 months.

The ultimate growth of a nation is measured by the quality of life of each of us. The quality revolves around spiritual, emotional and physical stability at the family level. A nation-responsive budget enables the economy to support this mass requirement with physical tangibility. In a peaceful ambiance (sans a war) - the country expected contentment in 2011 though the budget disheartened the commoner for yet another year.

Management professional

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