{"id":132146,"date":"2014-10-26T00:01:53","date_gmt":"2014-10-25T18:31:53","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=132146"},"modified":"2014-11-02T20:06:06","modified_gmt":"2014-11-02T14:36:06","slug":"the-vote-budget","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/the-vote-budget\/","title":{"rendered":"The Vote-Budget"},"content":{"rendered":"<p><span style=\"line-height: 1.5em;\"><strong>By\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.colombotelegraph.com\/?s=Malinda+Seneviratne&amp;x=10&amp;y=5\">Malinda Seneviratne<\/a><\/span>\u00a0&#8211;<\/strong>\u00a0<\/span><\/p>\n<div id=\"attachment_105560\" style=\"width: 140px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2013\/09\/Malinda-Seneviratne-150x150.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-105560\" class=\"size-full wp-image-105560\" alt=\"Malinda Seneviratne\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2013\/09\/Malinda-Seneviratne-150x150.jpg\" width=\"130\" height=\"135\" \/><\/a><p id=\"caption-attachment-105560\" class=\"wp-caption-text\">Malinda Seneviratne<\/p><\/div>\n<p>The JVP\u2019s <a href=\"https:\/\/www.colombotelegraph.com\/?s=Sunil+Handunnetti&amp;x=10&amp;y=2\"><span style=\"text-decoration: underline;\">Sunil Handunnetti<\/span><\/a> captured the Opposition\u2019s sentiments with regard to Budget 2015 best. He said \u2018\u0d85\u0daf \u0d85\u0dba \u0dc0\u0dd0\u0dba \u0daf\u0dd2\u0db1\u0dba \u0db1\u0dd9\u0db8\u0dd9\u0dba\u0dd2&#8230;\u0dc0\u0da9\u0dcf \u0dc4\u0ddc\u0db3\u0dba\u0dd2 \u0db8\u0dda\u0d9a\u0da7 \u0d85\u0dbd\u0dca\u0dbd\u0dc3\u0dca \u0daf\u0dd2\u0db1\u0dba \u0d9a\u0dd2\u0dba\u0dbd \u0d9a\u0dd2\u0dc0\u0dca\u0dc0\u0dcf \u0db1\u0db8\u0dca\u2019 (this is not Budget Day\u2026it would be more appropriate to call it Bribe Day).\u00a0 There was at once dismay (at the political impact of the budget) and acknowledgment that at least on the face of it the budget would resonate well with a wide cross section of the population.<\/p>\n<p>There\u2019s something in it for everyone, this is clear. No, it\u2019s not that everyone got all the goodies in their respective wish-lists.\u00a0 The President is not Santa Clause. Santa Clause is pure fiction; the President has to deal with the real. \u2018The real\u2019 is about what\u2019s there to give. It is about who gets how much of what. Or at least, that\u2019s what we are supposed to think.<\/p>\n<p>It was bound to be a goodies-budget, a budget to please everyone. Except the Opposition. That\u2019s a no-brainer when there\u2019s a major election coming up. It\u2019s one of those benefits enjoyed by the incumbent. Nothing illegal about it of course, but the fact remains that the budget was presented not just by <a href=\"https:\/\/www.colombotelegraph.com\/?s=Mahinda+Rajapaksa&amp;x=6&amp;y=5\"><span style=\"text-decoration: underline;\">the President<\/span><\/a> (in his capacity as Minister of Finance) but a President who in all likelihood would be running for re-election a few months from now. That\u2019s to be expected from a politician and certainly from one who unarguably reads the political equation much better than anyone else around.<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/hHvIFvJw9RU?rel=0;showinfo\" height=\"357\" width=\"634\" allowfullscreen=\"\" frameborder=\"0\"><\/iframe><\/p>\n<p>This is why the budget pulled the propaganda rug from under the feet of the Opposition. It bested by quite a margin the if-elected pledges that have been doing the rounds. But that\u2019s exactly where the problem lies. Politicians are made of promises. Pledges are easy. The nutshell versions are full of promise because they deal with aggregate numbers and broad categories. The devil is in the details. This is where the Opposition has a responsibility. They have to dig it all up and offer the people a more detailed picture of deliverability.<\/p>\n<p>If one were to check the nutshell versions of previous budgets and weigh the pledges against what actually materialized, one would be cynical of grand promises. The difference this time is that the \u2018doing\u2019 has to get off the ground fast. Delays and excuses would only help the Opposition.<\/p>\n<p>This is where the most neglected aspect of the budget comes into play \u2013 income. A \u2018spending budget\u2019 warms everyone\u2019s heart and this one is warmer than usual.\u00a0 But one can\u2019t spend that which one does not have. You can\u2019t plan expenditure if you don\u2019t have a reasonable estimate of income. Revenue cannot be conjured.\u00a0 It\u2019s basic logic. If you don\u2019t have as much money as you need, you have to borrow. That\u2019s debt. The sweet thing about debt as far as the Government is concerned is that it belongs to the public. The other sweet thing about debt is that it is a headache that hits later on.\u00a0 Think of credit cards. You are essentially spending what you don\u2019t have. But you have to pay. Later. With interest. Pay-day is not a happy day, whichever way you think about it.<\/p>\n<p>But right now, as things stand and with elections coming up, if you want a one-line description of what it was all about, Joe Biden puts it best: \u2018Don\u2019t tell me what you value, show me your budged, and I\u2019ll tell you what you value.\u2019<\/p>\n<p>Votes, folks.<\/p>\n<p>In the coming days we\u2019ll have a budget vote on a vote-budget. The Government has the numbers in Parliament. The budget will fix the numbers outside.<\/p>\n<p><em>*Malinda Seneviratne is the Chief Editor of \u2018The Nation\u2019\u00a0and his articles can be found at\u00a0www.malindawords.blogspot.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":105560,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,46,8],"tags":[],"class_list":["post-132146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-constitutional-reforms","category-editorial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Vote-Budget - Colombo Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.colombotelegraph.com\/index.php\/the-vote-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Vote-Budget - 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