Written by Lahiru Fernando
09 Oct, 2017 | 8:43 pm
The Appropriations Bill for the 2018 financial year was tabled in Parliament today, October 9. The bill contains the state’s estimated expenditure and revenue for 2018.This budget speech is the first step in the Parliament budget procedure.
According to the bill tabled by State Minister of Finance Eran Wickremaratne the budgeted expenditure and expected revenue details are as follows;
Total state expenditure – Rs. 3,982 Billion
The total expenditure for 2018 has increased by 46% (Rs. 1,259 billion) in comparison with the budget report for 2017.
Total state revenue – Rs. 2,175 Billion
This amount will result in the government having to seek external and domestic loans to the tune of Rs. 1,807 Billion to cover the budget deficit.
The 2nd reading of the appropriations bill is scheduled to take place on November 9, 2017.
It will include details of:
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