Cabinet+approves+Budget+2019
Tuesday, 05 March 2019 - 11:10
Cabinet approves Budget 2019
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The Cabinet has approved the appropriation draft bill for 2019 to be presented to parliament this afternoon.

The Cabinet met under the patronage of President Maithripala Sirisena at the Presidential Secretariat this morning.

The budget 2019 will be presented by the minister of finance, Mangala Samaraweera at 1.30 pm.

This will be the 5th budget presented by the current government and the 73rd national budget of Sri Lanka.

The budget was initially scheduled to be presented on the 5th of October last year.

The third reading was to be held on the 5th of November with the intention of being passed on that day.

However, due to the government overturn, this did not take place..

The total state expenditure for this year’s budget stands at 4550 billion rupees, while  state income is 2400 billion rupees.

issuing a communiqué The ministry of finance noted that the budget deficit is approximately 4.5% of the gross domestic product.

The second debate is to be held from the 6th to the 12th of March.

Voting pertaining to the second reading is also to be held on the evening of the 12th.

The committee debate of the third reading is to commence on the 13th of March and will conclude on the 5th of April.

The final vote will be held on that day.
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