Sri Lanka allocates Rs1.8tn for 2017 in Appropriation Bill

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Oct 20, 2016 (LBO) – Sri Lanka’s government has allocated 1,819 billion rupees to meet the estimated expenditure requirements of next year through the appropriation bill presented to the Parliament today.

Presenting the bill, Finance Minister Ravi Karunanayake said the cabinet approval has duly been granted for the bill.

As per the released bill, the total recurrent expenditure is1,208 billion rupees while total capital expenditure is 610 billion rupees.

An appropriation bill is a legislative motion that authorizes the government to spend money and it is also a bill that sets money aside for specific spending.

Approval of the legislature is necessary for the government to spend money.

As the previous years, Defense Ministry has been allocated the maximum amount which is 284 billion rupees while Finance Ministry allocation is 243 billion rupees.

Ministry of Provincial Councils and Local Government have been allocated 214 billion rupees and Ministry of Public Administration has been allocated 165 billion rupees.

163 billion has been allocated for Ministry of Higher Education and Highways while 163 billion rupees allocated for Health Ministry.

Allocation for Education Ministry is 77 billion rupees and 68 billion rupees allocation for Ministry of Law and Order and Southern Development.

6.4 billion rupees have been allocated for various activities under President while 1.2 billion rupees have been allocated for Prime Minister.

All these figures are subjected to change with relevant amendment proposals in Parliament.

First reading of Budget 2017 (budget speech) is scheduled on 10th November 2016 and the second reading debate and committee stage debate are scheduled to be held for 26 days in the months of November and December.

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