Categories: BusinessHeadlines

Budget 2018, on November 9      

The government will present its Budget 2018 on November 9. It will present government expenditure for the next year estimated to be Rs 3,982,367 million.

Revenue including foreign grants is estimated at Rs 2,175,000 million.

Finance Minister, Mangala Samaraweera this week received Cabinet approval for the Budget.

The Appropriation Bill for Budget 2018 is expected to be tabled in Parliament in the last week of September with the Budget Speech held on November 9. The debate on the second reading will start on November 10 and the third reading and vote will be on December 9.

According to the proposals Rs 1,308,939 million will be spent on recurrent expenditure while Rs 668,324 million has been allocated for capital expenditure.

Provisions have also been made under special laws to service public debt and payment for widows and orphans pensions amounting to Rs 2,005,103 million. Total borrowing requirement from both foreign and domestic sources has been estimated at Rs 1,813,367 million.

Lankanewspapers

Recent Posts

LNP – No benefit for Tamil Nadu from Modi’s Sri Lanka visit: CM Stalin

The recent visit of Indian Prime Minister Narendra Modi to Sri Lanka did not benefit…

7 hours ago

LNP – Leading liquor store owner booked for promoting booze sales through Facebook

A leading liquor store chain owner cum hotelier had been booked by the Department of…

10 hours ago

LNP – Saudi Arabia bans visas for 14 countries including India, Pakistan, Bangladesh

Saudi Arabia has temporarily suspended issuance of visas to citizens from 14 countries, including India,…

10 hours ago

LNP – Heavy rainfall likely in several provinces

The Meteorology Department says that showers or thundershowers will occur at most places of the…

14 hours ago

LNP – More than 50 countries have contacted White House to start trade talks, Trump adviser says

More than 50 countries have reached out to the White House to begin trade talks,…

16 hours ago

LNP – Thousands protest against Trump and Musk in ’Hands Off!’ rallies across US and Europe

Tens of thousands of protesters have taken part in an anti-Trump protest in a score…

1 day ago