17 October, 2017

Rajapaksa Family Controls 56% Of Budget, 16% More Than In 2010

By Niranjan Rambukwella –

Out of every rupee spent by our government, 56 cents are directly controlled by members of the Rajapaksa family. Analysis of budgets over the last five years reveals that the share of the budget controlled by the Rajapaksa family, viz Mahinda Rajapaksa, Basil Rajapaksa MP and Nirupama Rajapaksa MP, increased 16 percent – from an already gargantuan 40 percent in 2010 to an eye-watering 56 percent this year. The chart below tells the story. Also, over half the budget is personally controlled by Mahinda Rajapaksa alone – see the table below.

Mahinda BudgetIts also worth remembering that the chair of the primary body charged with ensuring that no hank-panky occurs, Parliament’s Public Accounts Committee, is Sarath Amunugama MP – a minister who serves at Mahinda Rajapaksa’s pleasure. The Auditor-General’s status is even worse: he’s directly appointed by Mahinda Rajapaksa.

Now its really up to you to decide what’s going to happen 2016 onwards. 

Mahinda Budget

For those keen on understanding the numbers, the calculations are based on Ministry of Finance and Planning’s Budget Estimates. The raw numbers used for the calculations are in the tables below. Also note that 2015 numbers include the sudden amendment which increased expenditure by 356 billion rupees.

Mahinda Budget

*Correction- An earlier version of this article incorrectly stated that 62 percent of the budget was controlled by the Rajapaksa family. That figure is incorrect – 56 percent of it is controlled by the Rajapaksa family. The author wishes to apologise and thank James Chance who brought it to his attention. All responsibility for the mistake is solely with the author.  

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Latest comments

  • 5
    0

    Impressive – but the numbers are a bit confusing. How do we get from 55.7% – which comes from the statistics presented – to 62.2%? Is this because of the 357 billion rupees in new spending? If so, please explain what percentage of the budget this amounts to and how much goes to the Rajapaksas. If one is going to use this information, it needs to be clear, and accurate.

    Thanks.

    • 4
      1

      Rajapaksa Family Controls 56% Of Budget, 16% More Than In 2010

      A lot of Opportunities and scale for 10 to 50% commissions.

      Gota’s secret mission revealed

      http://www.lankatruth.com/home/index.php?option=com_content&view=article&id=7876:gotas-secret-mission-revealed-&catid=36:top-stories&Itemid=124

      A large number of posters to sling mud at Mr. Maithripala Sirisena have been pasted in Colombo and adjacent areas using a lorry with the registration number PQ 6182.

      This lorry belongs to a private security company called Avant Garde. It is revealed that the main office belonging to this company at Pita Kotte is being used as the secret election operations unit of Mr. Mahinda Rajapaksa.

      It is identified as a private security service under Mr. Gotabhaya Rajapaksa. A team for special election services have been stationed here and each individual in the unit is paid Rs. 100,000 for the services.

    • 0
      0

      May the many of the populace be aware of the reality of the country.
      Longer ballige Puthas stay in power, the worst it wil be .
      I have no doubt, people of this country will finally get it this time sending them man home.

  • 7
    1

    No wonder SL economy is going down the drain.

    BTW where is the peace dividend?

    • 5
      0

      Fathima – Lorenzo
      Peace Dividend comes in the form of Commissions now safely deposited in Seychelles & Swiss Banks

  • 5
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    Dear James Chance, thank you for spotting my egregious error. I have made the neccessary corrections and asked the editor to amend the article. The correct figure is 56 percent. Thanks again.

    • 0
      0

      You are welcome. Thanks for making the change – and for the valuable calculations.

  • 5
    1

    Our Mother Lanka is now a (Corrupt & crazy) family owned business. Any one who dare to speak against or expose this corrupt family are branded LTTE Terrorists and could be even made to disappear. However the corrupt family not only funded the LTTE, are now protecting the new Leader KP and shamelessly dine and dance with hard core LTTE Terrorists responsible for mass murder. The citizens now got a chance to chase away the family terrorists and save our Mother Lanka.

    • 3
      1

      it is reported Jeewan , Navin , Hirunika and Malsha planning to bite the dust.

  • 0
    4

    Niranjan….Niranjan….. You are egregious as Keheliya. There is no difference other than I see Keheliya is seen a wee bit better than you.

    He trips from above after a couple of tipples.
    You have tripped on figures with no tipples.

  • 1
    2

    Sri lanka- Budget is not that country Gross Domestic Production.
    Simple economy has to learn by that differences between national income and Expenditures of Budget and country which GDP.

    During war against LTTE Terrorism of thirty years Sri lanka we did a lot of things that would be unthinkable in normal times in a capitalist economy. But MR kept promises that our interventions would be as limited as possible. And assure that development had been undertaken by MR Presidency since 2009 May.

    We have to understand Globe financial crisis in 2008/09 is a Bank run writ large, a run on an entire USA and other major rich nations.
    People lose confidence that their money is safe?
    Or whether they are stockholders or bondholders, institutional investors or elderly persons so they rush to pull out of the system, which makes everybody lost total confident of US base world financial system.

    By the crisis of bombs mean huge that overleveraged institutions which failure that could spark the type of Global panic. Which had sparked in the fall which listed few of them; Lehman Bank, Fannie Mae, Freddie Mac, AIG, Citigroup, and Bank of America. The last five all were much larger than Lehman Bank.

    Needless to say impact on Sri lank was badly effect ,that end of WAR 2009 , had looking worldwide financial meltdown and a much deeper economic crisis through out the Globally.
    MR ruling alliance just dealing with undercapitalized financial system. It did not have enough capital to recover war tone economy or its potential losses, much less finance an economic recovery. In real finical term of that MR ruling alliance did not have enough cash or enough sources to repair her economy.

    The reflection on financial crisis in worldwide MR Presidency has to seek different path of development in Sri lanka.

    He led new way of development model since last 4 to 5 years since in 2009 of short duration by Economy development since our Independence 1948. Had been able to fixed the economy. The President has made it clear he was willing to take serious risks to try to get out this nightmare behind our nation.

    I really impressed of country achievement under MR Presidency last 9 to 10 years.

    • 2
      0

      What to do with the global financial crisis? This is an accountability issue and it is equally important as country’s development. The present development purely based on debt with a very high interest rate from Poli mudalali China. Don’t forget the commissions though.
      PS: Does this Govt. have an economic MODEL?????

  • 5
    2

    N.Wimaladasa
    “During war against LTTE Terrorism of thirty years Sri lanka we did a lot of things that would be unthinkable in normal times in a capitalist economy. ” >>what are they please list them>>

    “He led new way of development model since last 4 to 5 years “
    what are they please list them>>>

    Instead of making generci statement can you please support them with example and facts.

    The worldwide financial crisis precipitated by the collapse of Lehman brothers did not impact all the countries, Canada, India to cite a couple of examples, Sri Lanka’s fiancial trading in the global context is so miniscule that sri lanka did not even feel a pinch

    so just dont mumbo jumbo here

    • 3
      0

      Rajash

      What is N.Wimaladasa point if at all there is one?

      • 1
        0

        I am trying to figure out thayt myself

  • 2
    1

    I like to see the same data for the time Chandrika B was president.

  • 2
    1

    Could any one give chandrika’s data?

  • 1
    2

    Any one that comes to power see to their own interest is nothing new.

    Hats off for any one who does something good to the country at the same time.

    This man does it!
    last years biggest stock-market winner in the world is Sri Lanka!

    Please don’t talk about ruining the economy!

  • 0
    0

    Dr Rajash……you may be economist or financial dominate professional, but I did not share your school thought of economics.

    I had particular knowledge or insight into whether the new financial innovations were stabilizing or destabilizing that US EU AND JAPAN that inherent vulnerability of financial system to PERIODIC CISIS.
    And I believed that crisis and trouble beginning by a more specific that vulnerability of USA system.

    We have seen during 2008 the Global financial and economic crisis of the previous decades how long periods of stability and growth could breed the instability and economic disaster in worldwide.

    That had been impact Sri lanka TOO. We are NEW AGE OF MOBIL CAPITAL trauma in one part of world or one corner of FINICIAL system could spread and effect quickly….that most economics ELTIES call modern terms GLOBALIZATION OF CAPITALIM AND CAPITAL.

    In point of view I did not see how MR ruling PRESIDENCY SINCE 2005, is its become splendid an isolation that from world financial and economic system; that few years of calm or certain clever financial innovation would cure the basic of our economic development.

    That after radically shifted by MR RULING ALLIANCE, NEW PATH AND MODEL OF DEVELOPMENT BY SUSTANIBILTY GROWTH OF SRI LANKA that comes to NEW AGE LED BY MR RULING LEDERSHIP.

    Which I call economic revolution led by MR ruling alliance that we witness after 1948 Independence. Due credit should be given to MR ruling economic vision of new path of capitalism base on sustainability of DEMOCRACY AND DEVELOPMENT since 2005.

    • 2
      0

      Mr Wimaladasa did u copy these contents from an essay bank? Mate, please interpret the hard facts provided in the article, don’t try to divert the issue.

      • 1
        0

        Mr.Wimaladasa
        You are posting mumbo jumbo again.
        You fail to explain what this is Rajapakse economic and financial model is, other than leasing the country to China to borrow at an exorbitant interest on white elephant infrastructure projects Ssuch as the dysfunctional harbour and airport

  • 0
    0

    I have give certain guide line of system in crisis that ongoing financial order that has been undermine by mismanagement of US economic policies how that effect on Sri lanka.

    Sri lanka is under the orbit of US build world order which after the second world war.

    We had seen the post-Wall Street crisis since 2008 that panic in US that financial and economic system was still frozen. All major Investment Banks now in defensive that its retreats ,hoarding cash, deprive business of financial oxygen. There was virtually no personal credits available for ordinary people borrowers that who needed to finance car or education or new house. World had slipped into a capitalist vicious cycle as the financial Tsunami.

    2008 wall street that the crippled financial system was making the recession worse.
    That had been deeply impact national Economy after end of War 2009 in
    Sri lanka.

    MR… Presidency knew that 2009 ,he could not fix economic development without fixing Peace, stability and security of Our country.
    In fact that great turning point our national political-economic system move new path of capitalism.

    • 0
      0

      Mr.Wimaladasa
      You are posting mumbo jumbo again.
      You fail to explain what this is Rajapakse economic and financial model is, other than leasing the country to China to borrow at an exorbitant interest on white elephant infrastructure projects Ssuch as the dysfunctional harbour and airport

  • 0
    0

    Where art thou Kanadiah Arasaratnam Sumanasekeram? The great defender of the MaRa regime? Oh I miss you so much. It is always good to get out once in a while from your hick town.

  • 0
    0

    Dr Rajash… I am not follower of MR party that principle and policies adopted by governances of democracies by SLFP.

    I look at key human nature of Economic development that found of WEALTH AND DEVELOPMENT OF SRI LANKA.
    I took at the power and authority of state that man’s ultimate goal and is in its many guises the single most important element in the development of any society.

    Sri lanka was on the brink of WAR to set out to found new capitalist sustainability of path and model had been appear by the MR ruling alliance since 2009.

    New path of development which would make sense of the unflappable and of the day and offer an explanation for those that would follow.

    You talk about leasing and debt China by MR ruling alliance is NOT new story Sri lankna and as well as to the World. By Believe it or not that The US public debt was dubious of the idea that when families and businesses were tightening their belts those of public in government should BORROW more money from CHINA so citizens could loosen country credibility and wealth. At present US debt has to pay China that closed to Trillions of US dollars, Chins holding 1.3 Trillions US dollars treasure or security bonds by 2014 -PRC.

    Needlessly to say MR having same system of mode of capitalism and capitalist relationship which he has been guided, but they adjust & suited to reform Capitalism according to need of present conditions in our ground reality of Sri lanka.

    I believed that progress towards a long-term plan of economy for DEFICIT REDUCATIN is important for but higher priority is economic growth in Sri Lanka; that is to reduce future deficits and reviving the economy FIRST. The backward and under-develop capitalist that has to ended dependency will overcome ongoing capitalist path led by MR Presidency. The power is a passionate call for independent of mind and a celebration of the instinctive joy of human life.

  • 0
    0

    You used to post with a different name, I remember the style of ignorant writing
    I thought you left CT to take treatment for schizophrenia and hallucination, but you are still suffering from them

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