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.
The market value of the investments made by the Employees’ Provident Fund (EPF) in companies…
The prices of cigarettes have been increased from tomorrow (January 11) in line with the…
The prices of liquor will also increase by approximately 6% following the hike in Excise…
Former Sri Lankan Ambassador to Russia, Udayanga Weeratunga, has been arrested by the Mirihana Police.
The Container Transport Vehicle Owners Association reports that between 800 to 1,000 container transport vehicles…
Objective once again is to further make the monetary policy implementation effective while making it…