“The government needs a better budgeting system,” the report by a private advisory firm, Sesa Research, said.
“It is important that we have a better understanding of how we spend our money.”
The report, released on Thursday, said the Lankan Government’s Finance Ministry has “no real plans” to implement an education budget and has “a very poor understanding of the role of finance in the development of the economy”.
The finance ministry has been criticized for failing to allocate enough funds for the basic education programme and for failing “to implement a new education budget”.
The report said the ministry had not identified “a clear direction” to improve education funding and that “it appears that education is being neglected”.
It also noted that the finance ministry had “failed to develop a new and clear direction for education spending” and “has been slow in adopting the ‘solution’ to the education problem.”
The report also pointed out that “there are significant gaps in education financing across the country, including in the states where the government has little to no financial oversight.”
“The government has not developed an adequate education budget for 2017,” the study said.