Budgetary oversight News

New Financial Hurdles and Import Surcharges Emerge for Sri Lankan Government.

The Sri Lankan government is facing scrutiny following a faulty transaction involving SriLankan Airlines and the announcement of a new 50% surcharge on imported vehicle customs duties.

Strategic Fiscal Management: How Malaysia is Strengthening Economic Resilience.

Understanding the Mechanisms of Parliamentary Control Over Public Finances.

An exploration of how parliamentary systems maintain oversight of national finances, detailing the legislative processes involved in budgetary approval and fiscal accountability.

Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%.

Unprecedented $1.5 Trillion Military Budget Request Sparks Debate Over Transparency and Defense Strategy.

Parliamentary Oversight in Question: The Debate Over Presidential Accountability.

The Economic Escalation: Examining the Surge in US Defense Expenditures.

IMF Emphasizes Fiscal Discipline for Sri Lanka Amid Cyclone Recovery Efforts.

The IMF has urged Sri Lanka to maintain fiscal discipline under the Public Financial Management Act while navigating the economic impact of Cyclone Ditwah. Officials indicate the primary expenditure limit of 13% of GDP may be exceeded to fund reconstruction efforts.

CPA Demands Withdrawal of New AML/CFT Bills Over Oversight and Process Concerns.

Parliamentary Committee Rejects Proposed Strategic Investment Tax Incentives.

The Committee on Public Finance (COPF) has halted a new gazette aimed at regulating Strategic Development Projects (SDP) tax incentives, citing flawed criteria and unfair biases against manufacturing.

White House Proposes Record-Breaking $1.5 Trillion Defense Budget for FY 2027.

Italy's Fiscal Target Missed: Budget Deficit Climbs Above EU Threshold.