Budget 2018 to be presented in parliament today

Budget 2018 to be presented in parliament today

Budget 2018 to be presented in parliament today

Written by Staff Writer

09 Nov, 2017 | 7:43 am

The budget for the financial year 2018 will be presented in parliament at 3 p.m. by Finance Minister, Mangala Samaraweera.

This is incidentally the first budget presented by Minister Mangala Samaraweera after being appointed as the Minister of Finance.

Budget 2018 is the third budget of the government of good governance.

The Budget Appropriation Bill 2018 was presented in parliament yesterday by State Minister of Finance, Eran Wickramaratne.

Thereby, the state’s estimated total expenditure for 2018 amounts to Rs. 3,982 billion – 46% increase in comparison to last year’s government expenditure.

State revenue for the year 2018, is estimated to be at Rs. 2,175 billion.

A sum of Rs. 1,807 billion is expected to be collected through state and foreign sources, to suffice the budget deficit.

The defence budget remains the largest with an estimated Rs. 290.7 billion.

Expenditure heads for the President and the Prime Minister remains at Rs. 9.98 billion and Rs. 1.77 billion respectively.

Stay tuned for more updates on the budget.

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