Sri Lanka budget changes for 2015 passed by parliament

COLOMBO (EconomyNext) – Sri Lanka’s parliament has passed changes to a budget for 2015 presented by new administration which slashed capital spending and permanently expanded current spending by hiking state worker salaries and subsidies.

The ‘interim budget’ of the Sirisena administration was passed with 164 votes in the 225 member parliament, the state information department said.

An independent legislator Ajith Kumara had voted against the budget.

President Maithripala Sirisena who defected from the then ruling coalition of Mahinda Rajapaksa won presidential elections supported by the main opposition United National Party and ousted the former strongman from the leadership of his Sri Lanka Freedom Party.

The Sirisena administration, with UNP’s Ranil Wickramasinghe as Prime Minister is dependent on the support of the SLFP to pass laws.

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