Budget 2026: Parliament and the Public Deprived of Real Numbers

Abstract

Sri Lanka’s Constitution grants Parliament full control over public finances, exercised primarily through the debate and approval of the annual budget. In practice, however, the public finance and budgeting system has long been affected by inconsistencies in the numbers presented. Figures in the budget speech, the estimates and other supporting documents released alongside the budget often do not align. The 2026 budget continues this trend, despite the Public Finance Management (PFM) Act mandating greater transparency. As a result, MPs are left debating outdated or inconsistent data, and the public is deprived of a clear understanding of the government's actual financial plans. Both outcomes weaken Parliament’s oversight role and reduce public accountability.