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 office of former President Ranil Wickremesinghe denied media reports pertaining to his visit to…
The Colombo High Court has ordered the re-convening of the case filed by the Attorney…
An estimated 500,000 students and 150,000 teachers across Sri Lanka are set to benefit from…
Sri Lanka Police has issued a public warning following a surge in financial crimes targeting…
The former Chairman of the Ceylon Fisheries Harbour Corporation (CFHC), Upali Liyanage, has been arrested…
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, has been arrested by the Commission to Investigate…