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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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» Banks, Finance & Insurance Sector Chart
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» VPEL.N0000 (Vallibel Power Erathna PLC)
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» KFP.N0000(Keels Food Products PLC)
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    Sri Lankan government wins crucial budget vote 2015

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Sri Lankan government wins crucial budget vote 2015 Empty Sri Lankan government wins crucial budget vote 2015

    Post by First Guy Tue Nov 25, 2014 6:35 am

    Nov 24, 2014 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2015 on Monday afternoon after days of speculation.

    The budget was passed at its third reading in parliament with 152 votes in favour and 57 against, giving the government a majority of 95 votes.
    Former Health Minister Maithripala Sirisena and fellow Sri Lanka Freedom Party (SLFP) dissidents were not present today at the vote.

    The United National Party (UNP), Tamil National Alliance (TNA) and Democratic National Alliance (DNA) voted against the Budget and around 15 parliamentarians were reportedly absent during the vote.

    The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament.
    If the government had failed to win the budget vote, President Mahinda Rajapakse would have been forced to call a snap election or ask the party that commands a majority in parliament to form the next government.

    No cross overs has been reported during the vote.

    http://www.lankabusinessonline.com/news/sri-lankan-government-wins-crucial-budget-vote-2015/1174951792
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Sri Lankan government wins crucial budget vote 2015 Empty No Budget blues!

    Post by First Guy Tue Nov 25, 2014 6:36 am

    * 2015 Budget gets Parliamentary passage with no crossover dramas
    * 152 votes in favour; 57 against and 15 MPs including defectors absent
    * Weerawansa warns CBK will never permit handover of power to Ranil
    * Opposition flagsoncerns about debt burden and servicing
    * “The time has come to decide”: JVP Leader
    * UNP Harsha and Sajith say will not hurl leaders or soldiers to war crimes tribunals

    more: http://www.ft.lk/2014/11/25/no-budget-blues/

      Current date/time is Wed Jun 19, 2024 11:43 pm