The Government Budget: A Critical Appraisal with Reference to Transparency and Accountability

Impact of Government Budget Announcement on Stock Market Sector Indices: Evidence from Colombo Stock Exchange

“…A budget is an influential instrument which offers the legitimate power to the government to control the fiscal resources of the country [7] In Sri Lanka Department of National Budget (DNP) is the authorized body to prepare the budget by coordinating all the government ministries under a government. According to the tentative budget calendar, during the third week of September the appropriation bill is submitted to the parliament and during the first week of November Minister of Finance declares the budget speech in the parliament [13]. Date of the budget speech is one of the most awaiting political events in the country, as it will illustrate the government income and expenditure for proceeding year.…”