Wednesday, 23rd June 2021

State Expenditure – Approximate Rs.4,376 billion Finance Minister Mangala Samaraweera

Britasia news team

Oct 2, Finance Minister Mangala Samaraweera said that the approximate bill presented to cabinet is Rs.4, 376 billion with a deficit of Rs.644 billion, 4.1 percent of the GDP.

Among the government expenditures, Rs.1, 456 billion has been allocated for periodic expenditure of the public sector while Rs.856 billion has been allocated for capital expenditure.

Government has shortlisted various housing schemes to be launched across the country in 2019. Accordingly  Rs.50 billion has been kept aside for the significant ministries which are responsible to launch these housing development projects.

Rs.50 billion has been allocated to implement several water supply schemes including Jaffna Kilinochchi Water Supply System, Kelani River South Bank Water Supply scheme and Matale Water Supply system.

Meanwhile, the highest amount of allocations under the Appropriation Bill, is for ministry of defence.

The Budget will be presented to Parliament by Minister Samaraweera on November 5.

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