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Total expenditure for 2018 estimated at Rs.3,982 billion


2017-09-13

The government says the total expenditure for the year 2018 has been estimated at 3,982 billion rupees.

Minister of Finance Mangala Samaraweera is due to present the 2018 Appropriation Bill in Parliament later this month.

The second reading of the 2018 Appropriation Bill or the Budget speech by Minister of Finance and Mass Media Mangala Samaraweera will be held on the 9th of November.

The debate on the second reading will take place on the 10th, 11th, 13th, 14th, and 15th of November while the committee stage debate will be held from the 16th of November.

The vote on the third reading of the budget will be taken on the 9th of December.

Co-Cabinet Spokesman Minister Dayasiri Jayasekara speaking at the Cabinet media briefing said the proposal on the 2018 Appropriation Bill was tabled to the Cabinet of Ministers by Prime Minister Ranil Wickremesinghe.

The Minister said the budget estimation was prepared by the Treasury taking into consideration the government’s policies and plans while discussions were also held with Ministries and Local Government bodies.

Minister Jayasekara said 2,005 billion rupees has been set aside as loan repayments including other aspects that have already received Parliament approval.

The Appropriation Bill will seek Parliament approval for 1,977 billion rupees when it is tabled in the House.

The government’s recurrent expenditure for 2018 has been set at 1,308.9 billion rupees and capital at 688 billion rupees.

The government’s estimated income and foreign aid amounts to 2,175 billion rupees, while the government hopes to receive 1,813 billion rupees through local and foreign resources as loans.