Home / Front Page/ Cabinet approves setting up of Parliament Budget Office

Cabinet approves setting up of Parliament Budget Office


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 12 August 2017 00:59


  • Move aimed at providing independent and non-partisan analysis of budget cycles and financial proposals
 
image_1488986112-481001106e
By Chathuri Dissanayake
The Government this week announced a Parliament Budget Office (PBO)tasked with independent and non-partisan analysis of budget cycles and financial proposals.
A proposal made by Prime Minister Ranil Wickremesinghe to draft the legal framework required to set up a PBO and appoint a Budget Officer to head the office was approved by the Cabinet this week.
As per the proposal, the objective of the PBOwill be to provide services and facilities to Parliamentarians, to provide independent and non-partisan analyses of budget cycles, fiscal policy and financial proposals. The Legal draftsman’s office has been tasked with preparing the Bill to establish the office under the guidelines spelt out in Prime Minister’s proposal.
Once established, the office will be responsible for preparing policy costing, and responses to budget related queries by MPs on the request of MPs, leaders of political parties in Parliament or chairpersons of any Sectorial Oversight Committee to Public Finance. The PBO will also conduct research and analysis of the budget and fiscal policy settings.
Although it will come under the Speaker for administrative purposes, the PBO will not be subject to direction by the Speaker in relation to the performance of his/her functions. However, the officer will be required to assist the Speaker to fulfill the Speaker’s accountability obligations to Parliament.

Share This Article


COMMENTS

Today's Columnists

Lessons from Geneva

Saturday, 21 October 2017

‘Mission Impossible – Geneva’ is an inspiring account of developments at the Human Rights Council in Geneva when Dayan Jayatilleka was our Permanent Representative there. It is written by his wife Sanja, which provides for fascinating insights


Xi Jinping to enhance military power while keeping economic growth “moderate”

Saturday, 21 October 2017

In his keynote address on the opening day of the 19th Congress of the Chinese Communist Party (CCP) in Beijing on Wednesday, the Chinese President and party supremo, Xi Jinping, made two points of great relevance to the rest of the world. One is tha


Priming the pump to make your MP jump

Friday, 20 October 2017

Here’s a radical idea. What if – instead of liking it or lumping it as you do for years on end – the voter could hold his or her Member of Parliament accountable for their performance?


Eyes wide shut: Fate of our times

Friday, 20 October 2017

‘Eyes Wide Shut’ was the title of a film by famed director Stanley Kubrick. Loaded with Freudian sub-currents, the film was about an occult society that eliminates any one who cross its path. A theme that would no doubt appeal to a buccaneer prim


Columnists More