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) presented to Parliament
Wed, Feb 6, 2019, 12:23 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 05, Colombo: The Leader of the House of Parliament, Lakshman Kiriella presented the Bill entitled "Appropriation" today (Feb 05th), to provide for the service of the financial year 2019.

In addition to providing for the service of the financial year 2019, the Appropriation Bill is presented to authorize the raising of loans in or outside Sri Lanka, for the purpose of such service and to make financial provision in respect of certain activities of the Government during that financial year.

The Bill is presented for approval "to enable the payment by way of advances out of the Consolidated Fund or any other fund or moneys of, or at the disposal of the Government, of moneys required during that financial year for expenditure on such activities; to provide for the refund of such moneys to the Consolidated Fund and to make provision for matters connected therewith or incidental thereto."

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 government has set a borrowing limit of Rs. 2.16 trillion while expecting to raise government revenue to 15% of GDP and keep the budget deficit at 4.8%.

 

ColomboPage - Recent 10 Stories ::
Government takes a revolutionary step in education for a modern Sri Lanka - PM
-- [9 hours ago]
Sri Lanka Cricket new president Shammi Silva assumes duties
Sri Lanka President says the 'legitimate child' named 19th Amendment has been abused
Sri Lanka nationwide inflation rises to 1.2 percent in January 2019
UNP appoints a committee to probe State Minister Ramanayake's allegations
Written list of MPs alleged of using cocaine given to CID, Minister Ranjan Ramanayake says
Sri Lanka Navy assists to identify sand mining areas of Mahaweli River in Trincomalee
Managing fiscal deficits can increase investments in health and education in Sri Lanka - World Bank
India assists in the establishment of Information Technology Park in Jaffna
Party leaders to summon AG for next meeting to decide on electoral system

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.