Cabinet approves Appropriation Bill for Government expenditure in 2019

(FASTNEWS|COLOMBO) – Sri Lanka’s Finance Ministry said the approval of the cabinet was granted to the Appropriation Bill 2019, submitted by the Finance Minister, Mangala Samaraweera.

Accordingly, this year’s state expenditure will be 4,470 billion rupees and the budget deficit will be 4.8 percent of the GDP.

The State revenue which was 11.5 percent of the GDP in the year 2014 was gradually increased in 2015 and, it is expected to be increased to 15 percent of the GDP this year.

The Appropriation Bill will be presented in the Parliament on February 5th and the budget proposal will be presented by the Finance Minister Mangala Samaraweera on 5th March.