Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka Finance Minister to present his maiden budget in parliament today
Thu, Nov 9, 2017, 10:13 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 09, Colombo: The new Finance Minister of Sri Lanka Mangala Samaraweera will present his first budget proposals for the next year in parliament today. This is the third budget of the national unity government.

The Minister of Finance and Mass Media Mangala Samaraweera will present the Budget Speech when the Parliament convenes at 3:00 p.m. today.

The Minister was seen finalizing the contents of the 2018 Budget with the Secretary to the Ministry of Finance & Mass Media Dr. R.H.S. Samaratunga, at the Ministers' residence yesterday.

The Appropriation Bill containing the total expenditure for the year 2018 was presented to the Parliament on October 9th.

Even before the budget for next year is presented, the government yesterday reduced the import levies of several essential food items with effect from midnight Wednesday.

According to the Appropriation Bill presented by the Minister of Finance, the expected expenditure for the year 2018 is Rs. 3.982 billion, 10.5 percent more than this year's estimate. While recurrent expenditure is estimated at Rs. 1.309 trillion, the government has allocated Rs. 668 billion for capital expenditure.

Total government revenue is estimated at Rs. 2.175 trillion. The government plans to borrow Rs. 1.813 trillion.

The budget presented for the year 2018 will focus on providing relief to the general public, as well to all the sectors.

Following the Minister's speech today, the second reading debate of the 2018 Appropriation Bill is scheduled to be held in Parliament for six days on 10, 11,13,14,15 and 16 November. A division will be taken on the 16th.

Committee stage debate will commence from 17th November and will continue until the third and final reading division is taken in parliament on 9th December.


ColomboPage - Recent 10 Stories ::
World Bank praises Sri Lanka's Health service
-- [46 minutes ago]
Sri Lanka to take strict legal actions against poaching foreign fishing vessels
-- [1 hour and 2 minutes ago]
Special island wide police operation makes over 2500 arrests
-- [1 hour and 32 minutes ago]
Sri Lankan President, PM condole sudden demise of UN representative Una McCauley
-- [2 hours ago]
Sri Lanka army chief says defense advisor recalled from UK for his own safety
-- [2 hours ago]
USNS Mercy leaves San Diego bound for Indo-Pacific on Pacific Partnership mission
-- [9 hours ago]
UN Human Rights Chief urges UNHRC to play a critical role to encourage reconciliation and accountability in Sri Lanka
Sri Lanka's UN mission in New York celebrates 70 Years of Independence with "Facets of Sri Lanka"
Three Indian nationals smuggling gold arrested at Sri Lanka's Colombo airport
Coffee Bean and Tea Leaf reopens its newly refurbished store at Colombo Airport

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.