UPFA to present tenth Budget in Parliament today

UPFA to present tenth Budget in Parliament today

UPFA to present tenth Budget in Parliament today

Written by Staff Writer

24 Oct, 2014 | 7:05 am

File photo: President Rajapaksa arriving in parliament last year to present Budget 2014.

President Mahinda Rajapaksa is due to present the Budget 2015 in Parliament at 1.30 p.m. on Friday October 24 in his capacity as the Finance and Planning Minister.

Speaking to News1st, Deputy Speaker of Parliament, Chandima Weerakkody stated that the budget will be presented when parliamentary proceedings commence in the usual manner.

He further stated:

“The United People’s Freedom Alliance headed by President Mahinda Rajapaksa, was able to contain terrorism in the country and halt the excessive amounts of money spent to combat terrorism. It has used those funds for the development and infrastructure projects in the country. This is a time where the economy has had exponential growth. In order to reveal the results of such an economic development to the people of this nation, we hope that the budget that will be presented by the President will be taken into consideration.”

This is the tenth budget presented by the UPFA.

The first stage of the budget also known as the first reading is when the budget is presented to Parliament as the Appropriation Bill.

The bill was presented to Parliament on September 26by Prime Minister D.M. Jayaratne.

On Friday,  the Appropriation Bill will enter its second stage which entails the bill being presented to Parliament by the Minister of Finance.

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