The Government of Sri Lanka has estimated that it will need Rs. 1.812 trillion (approximately USD 14 billion) as expenditure for its services in fiscal 2015.
Presenting the Appropriation Bill for 2015 before Parliament on Friday, Prime Minister D. M. Jayaratne said that the total government expenditure for the year 2015 at Rs. 1,812,292,718,000.
According to the Bill, the government expenditure for next year will be increased by 17 percent from this year's estimated expenses. Appropriation Bill for 2014 estimated Rs.1.54 trillion as expenditure.
The Appropriation Bill 2015 also targets a budget deficit of 4.4 percent of gross domestic product (GDP) for the next year while expecting a growth rate of 8.2 percent, reports the Lanka Page web site.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app