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 ::
AG advises against releasing full bond commission report
-- [1 hour and 10 minutes ago]
Malwatte Mahanayake Thera speaks against continuing trade union actions
-- [1 hour and 38 minutes ago]
Gotabhaya Rajapaksa arrives at FCID to make a statement
-- [2 hours ago]
Sri Lanka police arrest another four suspects for killing a leopard
-- [3 hours ago]
Georgia MIA arrests 8 citizens of Sri Lanka for attempting to cross border illegally
-- [3 hours ago]
Sri Lanka's John Keells IT to accelerate business innovation with Microsoft
-- [4 hours ago]
Sri Lanka President assures government's development program will equally benefit all
Sri Lanka PM says plans are afoot to develop Galle as a major tourist destination
World Bank grants Sri Lanka $ 200 million to control non-communicable diseases - Health Minister
Three suspects including a police officer arrested for suspicious death of a constable

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.