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»  Rajgama Heroes !
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyYesterday at 12:06 pm by කිත්සිරි ද සිල්වා

» Coronavirus Updates
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyYesterday at 7:26 am by The Invisible

» Thread for News on CSE and SL Economy
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyYesterday at 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyYesterday at 7:14 am by The Invisible

» In the Meantime, Within Our Shores !
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jul 02, 2020 10:35 pm by කිත්සිරි ද සිල්වා

» Obituary Notice.
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jul 01, 2020 12:51 pm by කිත්සිරි ද සිල්වා

»  6000 Post Club , Celebration of a Great Milestone, Slstock
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySun Jun 28, 2020 10:30 am by The Invisible

» 104 Technical trading experiments by HUNTER
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySat Jun 27, 2020 10:27 pm by HUNTER

» CFVF - First Capital
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 24, 2020 10:32 am by The Invisible

» Dividend Announcements
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyTue Jun 23, 2020 4:00 pm by Rana

» LOLC Holdings
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyMon Jun 22, 2020 12:50 pm by The Invisible

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» Sri Lanka tea prices pickup marginally mid June
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
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» Fitch Revises Ratings on 11 Sri Lankan Financial
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» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Sri Lanka makes mini-budget till May 2020 under Presidential powers EmptyWed Jun 03, 2020 9:49 pm by nihal123

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Sri Lanka makes mini-budget till May 2020 under Presidential powers

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Sri Lanka makes mini-budget till May 2020 under Presidential powers Empty Sri Lanka makes mini-budget till May 2020 under Presidential powers

Post by The Invisible on Sat Mar 21, 2020 9:49 am


ECONOMYNEXT – Sri Lanka has made a three month mini-budget running from March to May 2020, using constitutional powers given to President Gotabaya Rajapaksa after parliament was dissolved as the country remains gripped by Coronavirus.

Sri Lanka began 2020 with a 4-month mini-budget or vote-on-account running up to April passed by the last parliament.

The current budget under President’s powers coming from section 150 of the constitution would run from March 06, before the term of the earlier vote-on-account ends and run till the end of May.

The national budget department in a circular to spending units said summary of estimates
for each Ministry and spending agency are allocated for the next three months incorporating balance provisions of the Vote on Account 2020.

The allocations including debt repayments total 1,224.8 billion rupees, made up of 713 billion in current spending and 511 billion in capital spending, which also involves debt rollovers.

The Department of Treasury operations had been allocated a total of 628.5 billion rupees, involving 268.4 billion in recurrent spending and 360.1 billion rupees of capital spending.

The ministry of health had been allocated 63.3 billion rupees.

Sri Lanka’s army, navy and air force had been allocated 68.2 billion rupees.

Sri Lanka has a large public service, with around half the tax rupee collected from the people going for salaries, wages and pensions of state workers.

Last week the President also allocated 500 million rupees for anti-Coronavirus activities though the military and other agencies mobilized for the task have underlying funding from budget.
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