The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to if you face any technical difficulties when posting
Display results as :
Advanced Search
Latest topics
Coronavirus UpdatesMon Feb 08, 2021 9:56 amThe Invisible
Browns Investments updateTue Feb 02, 2021 2:38 pmYin-Yang
ACL CablesWed Dec 30, 2020 7:22 pmsubash
Merry Christmas to AllTue Dec 29, 2020 4:53 pmchutiputha
Trading Journal Sat Dec 12, 2020 11:33 pmxmart
HVA FoodsFri Dec 04, 2020 10:25 amThe Invisible
Tokyo CementMon Nov 23, 2020 9:42 amRajapaksap
Insider Dealings Fri Nov 20, 2020 2:30 ampjrngroup
UML United MotorsTue Nov 10, 2020 8:50 amThe Invisible
ExpolankaMon Nov 09, 2020 8:46 pmsmallville
Plantation Sector UpdatesSat Nov 07, 2020 8:15 amRajapaksap
HAYC - HaycarbFri Nov 06, 2020 12:11 pmsubash
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash

Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 3078
Join date : 2016-11-28
Age : 41

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

Sat Mar 21, 2020 9:49 am
Message reputation : 100% (1 vote)

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.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum