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Ravi's budget blues

17 December 2015 04:11 am - 6     - {{hitsCtrl.values.hits}}


While stating that the amendments made to the budget 2016 would incur addition expenditure of Rs 7 billion, Finance Minister Ravi Karunanayake yesterday informed Parliament that he would present a detailed statement on December 19 to the House outlining how the expenditure is going to be met.

Responding to an oral question raised by Opposition MP Bandula Gunawardane, the Minister said adjusting of taxes levied on beer would give additional revenue and there would be no issue.

However, he said the government would have to divert funds allocated to construct one of the proposed hospitals in order to grant free car permits demanded by the doctors.

Also, the Minister refuted the claims made by the International Monetary Fund (IMF) that the country's economic outlook was bleak.

He said the only issue was the balance of payment disequilibrium, which he assured, would be resolved soon.

But he said the impact of global economic turbulence on Sri Lanka was left to be seen.

However, he said the government would make its own decisions on how to act with regard to handling of the economy and would not follow the IMF. (Yohan Perera)

  Comments - 6

  • Premalal Thursday, 17 December 2015 10:05 AM

    Budget? What budget?

    Yapa Thursday, 17 December 2015 11:11 AM

    The past practice was that when the budget is amended the Finance minister tenders his resignation.

    Coconut Republic Thursday, 17 December 2015 11:54 AM

    Battle of the Blues!

    Bull S Thursday, 17 December 2015 12:14 PM

    Can you please inform us who has resigned in the past ?

    Bala Thursday, 17 December 2015 04:01 PM

    We never heard such action in Sri Lanka. Even people defeated at elections become Ministers - so why resign.

    Nagendra Friday, 18 December 2015 01:10 PM

    IMF interest is something else.Sri lankas budget is FM business.He is trying to make good what he can.for the Sri lanka.If screw masters paid their outstanding tax without their Bank A/ c frozen by Tax Office then FM WILL give tax back to the wage earners.Screw Masters do not pay proper stamp duty when purchasing properties in the city.Screw masters give expensive cars gift and got away.

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