Sri Lanka kicks off 2019 budget process with Appropriation Bill
ECONOMYNEXT – Sri Lanka’s finance ministry has kicked off the 2019 budget process releasing an Appropriation Bill setting out spending allocations for individual ministries ahead of the actual budget to be presented to parliament in the first week of November.
The appropriation bill details a total of 2,281 billion rupees to be spent by ministries and departments.
For 2018, the ministry of defence had been allocated 306 billion rupees, health 185 billion rupees and education 105 billion rupees.
The Ministry of Transport and Civil Aviation was allocated 69 billion rupees, with 16 billion rupees for railways.
The ministry of Megapolis was allocated 48 billion rupees.
The total spending numbers do not correspond to the budget presented in parliament, which has other expenses including interest and measures to bridge the deficit.
For 2018, the total proposed spending was 2,900 billion rupees. (Colombo/Sep24/2018)