Thursday, October 20, 2016

Appropriation Bill For The Year 2017 Presented To The Parliament

Finanace Minister Ravi Karunanayake has presented the Appropriation Bill stating allocations to be made for every ministry for the year 2017 to Parliament today(20) .

 According to the Appropriation Bill the total expenditure of the government for the year 2017 will be Rs.1819.5 billion and it's a Rs.21.9 billion  reduction when compared to this year's expenditure Rs.1941.9 billion.

The budget allocated for expenses of President Maithripala Sirisena has been increased by Rs.6.45 billion for the next year and the budget allocated for  expenses of Prime Minister for the next year is Rs.1.25 billion it has been stated.

The Defense Expenditure allocated through the Appropriation Bill for next year is increased by more than  Rs.306 billion and expenditure allocated for Education is decreased by more than half when compared to this year (Rs.185.9 billion this year and Rs.76.9 billion next year)

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