First Draft

Chandi Dharmaratne

Finance Minister K N Choksy told parliament on Wednesday that the government hopes to spend Rs. 352.7 bn in 2004 for development work.
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Ofrnthis, Rs. 209.1 bn will be spent on recurrent expenses to maintain publicrnservices and Rs. 143.6 bn on capital expenses.


Capitalrnexpenditure on foreign funded projects will be raised to Rs. 89.1 bn, of which arnbulk of it would be spent on highways and water.


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