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Saturday October 23rd, 2021
Economy

Sri Lanka kicks off 2022 budget process with Appropriation Bill

ECONOMYNEXT – Sri Lanka’s finance ministry has kicked off the 2022 budget process releasing an Appropriation Bill setting out spending allocations for individual ministries ahead of the actual budget to be presented to parliament on November 12.

The appropriation bill details a total of 2,505 billion rupees to be spent by ministries and departments.

For 2022, the ministry of defence had been allocated 373.1 billion rupees, health 153.5 billion rupees and education 127.5 billion rupees.

The Ministry of Transport was allocated 31.2 billion rupees, with 26.2 billion rupees for railways as both capital and recurrent expenditure.

The ministry of Highways was allocated 250.2 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 2,623 billion rupees. (Colombo/Oct07/2021)

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