Sri Lanka cabinet clears interim budget up to April
Wednesday October 2, 2019
06:37
ECONOMYNEXT – Sri Lanka’s cabinet of ministers had cleared a four month interim budget, ahead of Presidential polls scheduled for December.
The vote-on-account will cover the period from January to April 2019.
Finance Minister Mangala Samaraweera had earlier sought approval to present a four month budget, which would give a new president elected after election a free hand.
The budget comes as revenue targets are missed for 2019 after a currency collapse in 2018 and current spending is rising.
You may also read