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::

* 2019 Budget Appropriation bill to be presented to the cabinet meeting today
Mon, Jan 7, 2019, 10:33 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 07, Colombo: The Ministry of Finance and Mass Media stated that the 2019 budget Appropriation Bill will be submitted to the cabinet of ministers today.

The cabinet meeting presided by President Maithripala Sirisena will be held at the Presidential Secretariat at 9:30 this morning.

Although Finance Minister Mangala Samaraweera presented budget proposals to the last cabinet meeting held it was decided to submit the Appropriation Bill to the cabinet on Monday, 7th January.

The Appropriation Bill will be presented to Parliament on the 5th of February. The Finance Minister will present the 2019 budget in parliament on March 5. The third reading of the budget will commence on the 13th of March and the final vote will take place on April 4th.

The Finance Ministry says this year's budget is based on the performance. One of the main objectives of the 2019 budget is to increase government revenue to 17% of GDP.

According to the Ministry, budget allocations for the expenditure of the ministries will be based on the respective ministry's action plan for projects and programs to be implemented in the year.

 

ColomboPage - Recent 10 Stories ::
Many projects implemented under guidance of Plantation Minister to boost rubber industry
-- [4 hours ago]
Sri Lanka PM says unity government spent over Rs. 1.3 trillion to improve education and health
-- [5 hours ago]
UNDP hosts dialogue on Youth Leadership, Innovation and Entrepreneurship in Sri Lanka next week
-- [6 hours ago]
First Sri Lankan women graduate from Army School of Ceremonial in UK
-- [7 hours ago]
Sri Lanka to receive $1 billion Bank of China loan this quarter - report
-- [7 hours ago]
Human Rights Watch says Sri Lanka's political crisis threatens justice efforts
-- [8 hours ago]
Germany authorities arrest suspect in the assassination of Sri Lanka Foreign Minister in 2005
-- [8 hours ago]
Sri Lanka President signs three loan agreements totaling $ 455 mn with ADB
-- [8 hours ago]
President appoints Commission to probe corruption and malpractice during unity government
Health Ministry bans handling prepared foods by hand

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.