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    Appropriation Bill gets Cabinet nod

    October 09, 2015

    The proposal made by Finance Minister Ravi Karunanayake to table the Appropriation Bill for the year 2016 in Parliament has been approved by the Cabinet, Cabinet Spokesman Dr. Rajitha Senaratne said.

    Addressing the weekly cabinet press briefing held at the Government Information Department Auditorium yesterday he said that overall expenditure of 2016 is estimated at Rs.3,138 Billion and the estimated revenue for 2016 is estimated to be Rs. 1,789 Billion inclusive of foreign grants.

     

    According to Dr. Senaratne estimates of revenue and expenditure have been prepared for the year 2016 following discussions with the relevant ministries, Provincial Councils and other parties,based on the total resources that can be obtained in the financial year 2016, Government's policies and priorities.

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