Budget Speech para. 170: "Mr. Speaker, in the recent past, we have experienced the impact of droughts and floods resulting in the loss of lives, loss of income and property. The victims of such disasters, both individuals and corporate, will have to be compensated immediately and to mitigate the impact of the loss and to facilitate a more efficient and effective method of doing so, we will allocate Rs.20,000 Mn. over the medium-term as a Disaster Management Contingency Fund."
Information on progress was obtained through the a\Action Plan and Progress Report provided in response to the request for information filed under the Right to Information Act No 12 of 2016.
Based on the information made available, progress as at 31 December 2019 was assessed as 20% of the target set for 2019. The Budget Speech states the intention of creating a Disaster Management Contingency Fund of Rs. 20 bn over the medium term, with Rs. 10 bn being allocated in 2019. However, the RTI response states that, due to the nonoccurrence of any unforeseen situation, unutilised funds of Rs. 8 Bn of the allocation was transferred out to other budget lines. As the purpose of the budget proposal was for the funds to be allocated to be utilised in the medium term, progress for the year has been assessed as 20% of the target for the year.
Ministry of Finance, Economy and Policy Development was one of the five government institutions ranked 1st out of the 16 government institutions assessed in 2019. The rank was determined based on the weighted average score of 75 received by the ministry (weighted average based on allocation). This score was based on the disclosure of information on 5 proposals assessed in 2019, which were under the purview of the ministry.
Budget Speech para. 20, para. 102, para. 150, para. 170 and para. 193: Fully usable information for all five proposals was obtained through requests filed under the Right To Information Act and was received within the stipulated timelines.
For detailed information on the method of calculating the weighted average scores: http://www.budgetpromises.org/en/how-it-works