Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Appropriation Bill 2019 to be submitted to Parliament today
Tue, Feb 5, 2019, 09:47 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 05, Colombo: Minister of Finance and Mass Media Mangala Samaraweera will present the Appropriation Bill outlining the government's expenditure for the year 2019 in Parliament today.

The Appropriation Bill was approved by the Cabinet recently. Accordingly, the budget proposals will be presented in parliament on March 5.

The Appropriation Bill estimates 4.55 trillion rupees (approximately US$ 25 billion) as expenditure for its services for the financial year of 2019 while the state revenues for 2019 is expected to be Rs. 2.39 trillion. The highest amount of Rs. 393 billion has been allocated for the Ministry of Defense.

The 2019 budget proposal will be presented in Parliament (second reading) on 5th March. The third reading debate will be held on March 13 while final vote would be taken up on April 04.

Meanwhile, the first debate on the budget is also expected to take place during today's parliamentary session which is scheduled to commence at 1 pm.

According to the Ministry of Finance, the main expectation of the 2019 appropriation Bill expects to raise government income to 17 percent of GDP while the government expects to present the 2019 budget as a performance-based budget.

 

ColomboPage - Recent 10 Stories ::
Two suspects arrested with Rs. 3.5 million worth cash
-- [6 hours ago]
Over 40 people hospitalized due to food poisoning in Maskeliya
-- [7 hours ago]
Sri Lanka Prime Minister says leaders must not stray from right path for popularity
-- [7 hours ago]
Government to place public funds under direct supervision of the Treasury
-- [9 hours ago]
RE/MAX enters Sri Lanka's booming Eastern Coast property market
Southern Expressway extension from Matara to Hambanthota to open for public in August
Chairman of Sanasa Bank at Wigoda, Gampaha arrested for misappropriating over Rs. 750 million of funds
Foundation laid for 2,126th model village named after cricket legend Kumara Sangakkara
Sports Minister clarifies that he has no involvement in team selections
Area for leopard sightseeing at Kumana National Park closed off for tourists after worker killed

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.