President to spend over Rs.10 million per day, reduced allocation for education
Posted on October 20th, 2016

Adaderana

October 20, 2016  04:26 pm

 The total expenditure of the government for 2017 according to the Appropriation Bill presented to the Parliament today will be over Rs.1819.5 billion (Rs 1,819,544,000,000).

The total expenditure for 2016 was Rs.1941.4 billion and it is a Rs.21.9 billion reduction when compared to last year.

The budget allocated for president’s expenses has increased to the tune of Rs.6.45 billion. It was limited to Rs.2.3 billion in 2016. Therefore, fund allocated for expenses of the president would exceeded Rs.10 million per a day, Ada Derana learns.

The total expenditure allocated for the Prime Minister is Rs.1.25 billion. However, Rs.0.4 billion was allocated for the Prime Minister through the last year’s Appropriation Bill.

The Defence Ministry allocation for 2017 is around Rs 284 billion, however, in 2016, Defence allocation stood at more than Rs.306 billion.

Allocation for the Ministry of Education for 2017 is Rs.76.9 billion. However, for 2016, this amount was Rs.185.9 billion.

2 Responses to “President to spend over Rs.10 million per day, reduced allocation for education”

  1. Dilrook Says:

    Education allocation has reduced by a massive 60%.

    Defence is also reduced.

    However, allocation to the president and prime minister have tripled! This is outright dishonesty. Looks like the next year will be an important election year. LG elections and PC elections will be held next year. The president and the prime minister will also use their allocation in the referendum if held next fiscal year. That is about $50 million increase.

  2. Christie Says:

    Budget is not the question. Most of our imports come from the Indian Union. How much do we do we get from India?

Leave a Reply

You must be logged in to post a comment.

 

 


Copyright © 2018 LankaWeb.com. All Rights Reserved. Powered by Wordpress