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Sri Lanka’s Budget 2016: Revenue Rs1.7tn; Expenditure Rs3.1tn

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Oct 08, 2015 (LBO) – Sri Lanka’s total borrowing requirement from both foreign and local sources for the year 2016 will be 1,349 billion rupees, revealing 2016 budget figures the government said.
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The revenue at the prevailing rates structure and foreign grants have been estimated to be around 1,789 billion rupees.
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The total expenditure provision for 2016 without budget proposals to be introduced at the budget is estimated at 3,138 billion rupees.
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The expenditure provision covered in the appropriation bill has been estimated as 1,941 billion rupees which consists of 1,314 billion rupees for recurrence expenditure and 626 billion rupees for capital expenditure. In addition, provisions have been made under special laws to service public debt and payments of widows and orphans pension amounting to 1,191 billion rupees. The provision requirement for advance account activities is 5,000 million rupees. The appropriation bill for the budget 2016 is scheduled to be tabled in Parliament on 23 October 2015.
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Sas
Sas
8 years ago

It would be great to have a budget without a deficit

rookie
rookie
8 years ago
Reply to  Sas

yes indeed – when we have enough exports.. sadly nothing seems to be moving, looks like in few years the apparel industry will see declining unable to cope rising cost – when annual pay goes up but no increase in prices become even more tougher! And imports continue to rise…… like the USD!!

commodities are at a standstill

tourism – sri lanka doesnt attract high spending travellers

asa
asa
8 years ago

No war ….No development!!!

Sisy
Sisy
8 years ago
Reply to  asa

What are you saying?

Tilak
Tilak
8 years ago

It is good to know the true picture.As per preliminary computations It is 41% shortfall in revenue in comparison with the expenses.( hopefully the true aspirations of innocent people are embedded in the expenditure proposals) The some what grave facts mentioned above is not a message sent by the goads to scare & issue red notice on innocent people about their day to day living from comfortable seats,but is a urgent notice to take the real restless economic bull by the horns.All indications denotes a dawning of a period of decisive actions & fundamental essential changes in the cumming days aimed @ winning the economic war.

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