Big Budget

Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of gross national product (GNP) while keeping total expenses within Rs. 1003 billion. Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of gross national product (GNP) while keeping total expenses within Rs. 1003 billion. Cabinet Spokesperson and Health Minister Nimal Siripala de Silva on Friday said the government would table its 2006 appropriation bill on October 4 in parliament, with the ceremonial budget speech scheduled for November 10.

De Silva said government spending was estimated at Rs. 1003 billion. Capital expenditure is expected to make up Rs. 520 billion of the total expenses bill.

Update to follow

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