Last Updated : 21-09-2014 21:42

 
 

Budget 2014

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President Mahinda Rajapaksa today presented the 2014 Budget in Parliament with an increased focus on boosting infrastructure through development projects, particularly aimed at improving local agriculture, animal husbandry, road connectivity and higher education.



LIVE BLOG BUDGET 2014

Daily Mirror Online will give live coverage of the budget 2014 reading presented to parliament today

15.19
- Not too sure if TNA was present. It will be interesting to see what the UNP and the JVP have to say on the budget proposals. Signing off for now is the Daily Mirror web team. We hope you enjoyed our coverage.

15.18 - Sittings adjourned to 9.30 am tomorrow.

1517- Speaker Chamal Rajapaksa speaks, congratulates President on being appointed Commonwealth Head


15.14- President ends two hour long speech


15.13 - Cost of Living allowance to be increased by Rs.1200 from January 2014 for state workers

15.07- Expanding Police training schools and other facilities

15.06 - Three new Housing complexes to be constructed to ensure Policemen serving in Colombo would have no problem in location

15.05 - Civil Security in the North and to keep law and order in the country Police service plays a pivotal role.

15.03 - Judges' personal allowances to be increased by 8% to keep the proffession viable and attractive.


15.01 - Colombo Stock Exchange (CSE) is now stable. Three year half tax relief when listing new companies on the CSE.


14.50 - Rs. 1200 million from Asian Development Bank (ADB) given to build 1000 new roads in populated areas in order to connect to the main roads.


14.57 - new schemes comprising 5000 houses each to be built. Temporary residents will be given priority when allocating houses.

14.55 - No person living in Colombo will be made to relocate from the city. New housing schemes will be built.


14.55 - House planning systems to be modernised- Maigawatthe, Prajapura etc.


14. 52 - Colombo to be free of effects of any natural disaster such as floods going to be made into an environment friendly city. Allocation for such is going to be increased in 2014.

14.48 - Modern Pilot training school to be established.


14.4 3- Hambanthota to be Information and Communication Technology (ICT) hub in South Asia.


14.37 - Sri Lanka's Information and Communication Technology (ICT) has made a lot of progress. Will take measures to ensure that students will recieve high quality education in ICT.


14.36 - S. B Dissanayake who is not the most popular Minister of Higher Education among students looks on and applauds.

14.35 - Proposes increasing and modernising hostel facilities in existing universities, lecturers' Educational allowance by 5%.


14.33 - Lecturers' salaries to be increased. Moratuwa University to be modernised. Will take steps to build modern University Cities.


14.31- MR mentions Homagama and looks behind to find the MP representing Homagama. All smile.


14.26 - Speaks about art- going to establish new Art Centres,also will modernise the Lionel Wendt in Colombo, the Galle Performance Centre and others.


14.24 - 180 Million USD donation to be received from China to modernise the OPD units in Colombo, Kalubowila and Ragama hospitals.

14.22- To stop Kidney diseases Rs. 900 million to be spent to build a water purification unit in North Central Province (NCP).


14.20 - Chemotherapy units to be established in hospitals in Galle, Jaffna and other districts. Will help reduce patients in the waiting list for the Maharagama Cancer hospital from 3 years to 6 months.


14.17- Rs. 300 million to be given to Police child and women protections bureaus. Despite the country having rich religious and cultural upbringing female and child abuse is rampant. This must stop, MR says.


14.14 - No Provincial Council (PC) taxes on business with monthly income below Rs.50,000.


14.11- Want the Urban Development Banks to completely focus on enhancing female entrepreneurship in 2014.


14.10 -Female entrepreneurs to be given interest free loans of up to Rs. 250,000. Females aged 68 and below can get this who is involved in their own business.

14.07 - 1000 bridges to be built in remote villagers in 2014. Rs. 4500 million to be allocated for gama neguma and other village level development.


14.06 - Calling all banks and financial service providers to help " Divineguma" families.

14.03 - Speaks about poultry, milk industries.


14.02- 20,000 milk cows to be imported to the country in order enhance milk manufacturing.


14.00 - I Proposed increase taxes for importing fish. Speaks about the importance of rejuvenating the fisheries industry throng infrastructure development, boats, and other methods.


13. 58 - Japan, India and China- we are trying to increase more avenues for export through bilateral exports with these countries.


13.58 - Thrice to be spent on the textile industry, tax relief to be given for research and development on the textile industry.

13.57- We want to be the one of the top 10 countries in the world providing textiles by 2020.


13.53 - House breaks into applause.


13.52- Farmer pension to be given from next January for farmers over 63 years. Apart from Govisetha, Rs. 1000 million of capital will be used to pay this pension.

13.52 - Tea rubber and coconut CESS tax to be strengthened.


13.51 - Coconut industry exempt from Nation Building tax for three years.


13.50 - 5000 to be given to small tea crop owners to resuscitate business.

13.40 - We will give 50,000MT of rice to the World Health Organisation (WHO) for relief work.

13.48 - Now we are able to work with the World Health Organisation (WHO) who helped us during the war.


13.48 - Many of these proposals have come following discussions with the World Health Organisation (WHO).

13.47 - The budget seems highly focused on development on village level thus far, micro centric.


13.46- Fertilizer provision to be given during both Yala and Maha seasons for Rs.350.

13.42- Rs. 1700 million will be allocated for irrigation systems.


13.42- The farmers didn’t ask for relief for free. What they asked us was irrigation, road systems and to protect them from wild elephants.

13.40- Tax can be paid through the internet with the motor vehicles department and land registry systems being brought under the treasury.


13.39- Government Ministers and MPs listen attentively.

13.38- Nation building Tax to be imposed on banks.

13.31- As a government that is focused on giving relief we have to earn money through taxes on vehicles, liquor and cigarettes.


13.36 - Budget deficit will be reduced from 5.8% to 5.2% by 2014, 4.5% in 2015 and expected to reduce to 3.8% in 2016.


13.36- Despite all of this we have been able to reduce the deficit to 5.8.


13.34 – Applause from government members. We have increased state sector jobs.

13.33- Previous budgets were focused on privatizing, but we haven’t. Still our deficit is not as bad as theirs. I hope you remember these times Mr. Speaker.


13.31- 48 state corporations have been turned profitable, working on good governance and the rest on these corporations.


13.30 – Sri Lankan airlines to get 150 million dollars investment and 50 million for Mihin Lanka to strengthen air capability.

13.28- 300 million dollar investment on drainage system to stop waste by 20%


13.27- have been able to curtail the CEB losses this year, CPC has started paying loans taken from banks,13.30 – Sri Lankan airlines to get 150 million dollars investment and 50 million for Mihin Lanka to strengthen air capability

13.28- 300 million dollar invesmement on drainage system to stop waste by 20%

13.27- have been able to curtail the CEB losses this year, CPC has started paying loans taken from banks,


13.26 - Laws will be brought to stop foreigners from buying land outright.


13.24 - We will never privatise Banks


13.23 - We must not only focus on exporting goods. We have capacity to import knowledge, services related to technology, ports etc


13.22 - Intends on increasing exports using the ports and airports constructed in the country


13.21-Increase exports to Latin American countries.

13.20- Intends on increasing textile imports by 6%


13.18- Construction industry contributes 10% of the GDP currently.

13.17 - Members of the government attentively listen to MR, JVP and UNP boycott debate.


13.16 - Agriculture sector has witness improvement in many crops


13. 15 - Country saw 7.7 growth rates in third quarter of the country


13.12 - We can’t remember the last time there were power cuts in the country, the government has taken all steps to ensure that infrastructure development such as power, and water was provided.  Helped reduce poverty rate


13.12 - Government takes pride in having reduced the poverty to 6% in 2013


13.09 - The summit ensured that the world leaders were given a true picture in terms of development and democracy prevailing in the country. Helped with enhancing image of the country


13.09 - CHOGM was the first international summit after Non aligned in 1976


13. 08 - Says that the people have shown faith in his government giving them resounding victories in successive elections


13.06 - President Mahinda Rajapaksa begins addressing parliament.


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Comments 

 
-0+15 # Chugum 2013-11-21 13:17
There were time in Sri Lanka where the budget speech was much looked forwarded to a must to listen. Today it is more a joke. The prices and taxes are raised almost daily. It is now ujst a custom. It was good the UNP and the JVP kept off.
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-0+3 # ABC 2013-11-21 13:36
Exactly
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-9+0 # sinhala modaya 2013-11-21 13:58
But you have bothered to give your two cents worth, only shows how important is for you but, ohama yang bando
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-1+10 # Chugum 2013-11-21 14:10
Your name suits you. The old saying "Singalaya Modaya, Kaun Kanna Yodaya". The it bloody correct.
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-0+1 # Rubert Vanderkoon 2013-11-21 15:07
Such contrast?? Budget speeches became pointless from Ronnie de Mel. His last budget speech was more of a foul cry and a confession of mistakes than a budget speech. Naina Marikkar, Wijethunga and CBK presented text versions of budget cartoons. Today is just an extension of the trend.
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-0+17 # raspi 2013-11-21 13:32
Poverty Reduced to 6%??
LOL may be the poor died of starvations
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-19+0 # sinhala modaya 2013-11-21 14:00
You must be one of jayalalitha's boys, go to TN land of plenty & bicescopes............
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-1+10 # raspi 2013-11-21 15:05
Wow your parents gave you the perfect name LOL
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-1+11 # namal 2013-11-21 13:32
Prices are up and we have lost all the good image we had all around the world today. We must remove this regime to have a better future !
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-13+0 # sinhala modaya 2013-11-21 14:00
Why dont you join the ltte
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-1+11 # Wisdom 2013-11-21 14:14
LTTE is inside MR's pocket brov...its a dead and gone organization but this government use their name for survival.....poor people
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# Nova 2013-11-21 13:38
13.23 - This is a very sensible move..
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# lal suranjith 2013-11-21 13:39
addressing the actors by the bridegroom
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-1+5 # Maha R 2013-11-21 13:41
Stop spending so much money on infrastructure with barrowed money ignoring common people who now turn to any criminal and immoral act to earn money, you complained UNP for taking LOAN and feeding people, but we feel feeding poor is important than infrastructure building. WHAT IS THE USE OF BEST INFRASTURER if the society is ruined. Also, by massive corruptions the leaders set V BAD example.
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-0+5 # Chugum 2013-11-21 13:44
Talking of poverty reduction, is he talking from inside a "glasshouse" or "bunker"?
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-11+1 # sinhala modaya 2013-11-21 14:02
Gono look at the international powerty index & see how we have progressed, if not happy jump into sea
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-6+1 # ind 2013-11-21 14:15
These idiots don't know other countries too having these issues with price. We are better. As you said, we are with top countries EVEN PASSING US AND UK in the poverty index.
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# Perumal 2013-11-21 21:26
Now there is no Poverty Index but Satisfaction or Happiness Index. Sri Lankans are compelled to be satisfied so there is no problem.
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-0+4 # Manel 2013-11-21 14:01
Farmers also asked for pension for which they contributed. GIVE THAT.
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-0+6 # Manel 2013-11-21 14:05
We do not need international conferences, what we need is three square meals for the poor in this country as conferences are a waste of poor peoples wealth.
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-5+0 # ind 2013-11-21 14:16
As long as thinking about the stomach, can never be developed.
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# Haka Haka 2013-11-22 10:54
A three wheel driver tole me, he has to choose between his childrn who will miss a meal because he is so poor. SL is in a grip of poverty even worse than Bangaldesh
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-0+4 # Manel 2013-11-21 14:16
Import some more Benz cars like the 54 imported recently and impose tax similarly.
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-0+4 # Ghamer Hussain Moham 2013-11-21 14:20
"We cant remember the last time there were power cuts in the country"...... reading this while power cut in Batticaloa.......
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-0+3 # ANTON 2013-11-21 14:32
PLEASE ALLOCATE SOME MONEY TO IMPROVE THE CONDITION OF RELEVANT INFRASTRUCTURE TO MINIMIZE FATAL ACCIDENTS.
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-0+7 # Chugum 2013-11-21 14:36
This has been said for decades and we see no development, only increase in cost of living and jumbo cabinets. Yes the cabinets and there brood has been developed. No doubt there.
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-0+5 # madu 2013-11-21 14:36
what a joke
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-0+3 # Chugum 2013-11-21 14:49
Agree. Yet to come, the toilets to be built in 2014 using loans from China at high interest rates and of course the %.
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-0+5 # ANTON 2013-11-21 14:48
THE STATEMENT WHAT I DON'T LIKE TO HEAR TODAY
" LIQUOR AND CIGARETTE PRIZES ARE TO BE INCREASED"
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# raj 2013-11-23 08:37
That is to reduce carbon footprint from smoke, and to proctect enviornment

Lol
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-0+5 # anura 2013-11-21 15:06
what benefit did CHOGM gave us to this budget? CHOGM was like a large CHEWING GUM just keep on biting but no nutritional value or usefulness but an expense at the cost of the Peoples
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-0+4 # Manel 2013-11-21 15:12
"CSE is now stable" !!!!!!
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-0+2 # Aaaa 2013-11-21 16:31
The dance of jumbo cabinet and the king's family
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# KALU BANDA 2013-11-21 21:58
1200 to state sector employees? in how many installments??
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-0+1 # Manoj 2013-11-21 23:08
Oh !! this means many elections in next year !
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# Summer 2013-11-21 23:18
The problem with our citizens lies in our myopic view of the situation. Thinking about the present will not ensure a secure society for your children and your children's children. With all the development that is ongoing, the change will come slowly but steadily, even at the expense of its present citizens. Honestly, do you feel that the country was better off ten years ago? Infrastructure-wise, he is providing a gateway for the international community to invest in this nation and our own people to prosper. Yes, corruption is rampant, and the cost of living, high. Stop expecting all the time and try to bring about change. Some sacrifice is necessary for progress. In the words of President JFK, "Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future". Please take a moment to think back and open your minds to the progress.
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# lakshman 2013-11-22 09:52
what is the sacrifice required to stop the rampant corruption ? it only needs example from the highest echelons This certainly does not need to be at the expense of the present generation
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# Zahran 2013-11-21 23:25
Government should privartise Sri Lankan Airlines and Mihin Lanka by selling it to Sri Lankan only. It should make an Investment Authority and privatize at least 40% of Companies in Government sector. This would boost revenue and cut losses of state enterprises. There is no point giving fertilizer subsidies to farmers at the end of the day we are paying higher taxes. But if government gives monthly salaries to farmers that is a different thing altogether. Government needs to boost investment in Capital goods not Consumption goods. It has to reduce vat to 4% and keep income tax at 10% and it should remove all other taxes including duty, cess, nation building, customs, etc. Instead of charging percentage in land transfer fo deeds it should charge fees similar to Dubai. Dubai became famous because of low taxes and low red tape. CEB should be split into three companies and privatized fully in order to make competition and reduce cost.
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# Lanka Shantha 2013-11-22 05:42
Each and every opening stones - bridge, buildings, offices and flyovers have only the President name. Why all these ministers are needed? Send them and their secretaries out we we will have lot of money to to spend for the people.
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# amek 2013-11-22 06:00
Why Sri lankan and Mihin are given so much money,Why the figures are in U.S.D (not to understand to common man) These airlines are the largest white elephant,When the vehicle revenue tax icrees many people will effect,Most of the Sri lankans own at least one moter cycle.
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# jamalji 2013-11-22 10:35
This budget has not addressed the welfare of commonman. but the welfare of roads,nanaslas and bridges for pbvious reasons. It has not encouarged the private secor to open ordinary schools and hospitals. It hads not encouraged the polticiands to bring back thier moeny from abroad. Sadly it has given Rs.150 increment to .It has not given encouragement to public service. No notable welfare plans like insurance scheme andare in the budget.
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# Haka Haka 2013-11-22 10:50
People are suffering, poverty and beggars. Even the middle class executives are struggling to put food on the table. Wonder of Asia is just a political myth
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