Defence, Urban Dev. Budgetary share tops Rs. 290 bn

28 September 2012 01:47 am - 25 - {{hitsCtrl.values.hits}}

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The Defence and Urban Development Ministry has received the biggest budgetary allocation for 2013 exceeding Rs. 290 billion for both recurrent and capital expenditure, according to the Appropriation Bill approved by the Cabinet on Wednesday.

Cabinet Spokesman and Minister Keheliya Rambukwella said the Cabinet approval was granted for the Appropriation Bill for the Financial Year 2013 submitted by President Mahinda Rajapaksa as Minister of Finance and Planning, after publishing it in the Government gazette.

In the preparation of this Bill, the President and the General Treasury had consulted each line Ministry and other stakeholders, to formulate a realistic budget, he said.

Emphasis has been placed on the priorities identified under the Medium Term Expenditure Framework 2013 - 2015 and for the completion of development activities which have already been commenced and are ongoing, Minister Rambukwella stressed.

The estimated Government expenditure for 2013 is Rs. 2520 billion. The economic growth will be maintained at 7% and the annual inflation rate contained at 7%., he said.

The first reading of the Appropriation Bill will take place on October 9 while the Budget proposal (second reading) will be presented on November 8.

The Health Ministry’s estimated recurrent expenditure in 2013 is Rs. 75 billion while the capital expenditure 18.5 billion. Other major allocations are for education and Agriculture ministries that amount to Rs. 38 and 28 billion respectively recurrent and capital expenditure, he added. (Sandun A. Jayasekera)

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Comments - 25

willows Friday, 28 September 2012 05:04 AM

it's party time guys, lets share among us, we won the 3 the polls so ???

Jamal/Doha Sunday, 30 September 2012 04:33 AM

According to Daily Mirror, Min.SBDisanayake says allocation for Education is 5% in SL, then it should be 126Billions, but allocation is 38 billion only, then it is only 1.5% of GDP. What FUTA say is correct. If we can educate our children properly they will find jobs elsewhere in the world. Our politicians not allowing even that!.

Calistus Jayatilleke Saturday, 29 September 2012 09:53 AM

Wonder what the allocation is for "Laundry" services!

Jagath Leanage Saturday, 29 September 2012 03:58 AM

Who are the ministers and there secretaries to these ministries? Surely not Rajapakses'.

Obama Friday, 28 September 2012 10:18 PM

I think they allocated such amount to defeat LTTE in abroad :P

ANON69 Friday, 28 September 2012 03:26 PM

Let see 10% of that would be , Nah my math is not good

warra Friday, 28 September 2012 01:36 PM

what? r they purchasing aircraft carriers or something. they say they allocate so much but nothing been bought for military purposes.

Dirty Harry Friday, 28 September 2012 10:56 AM

But even the pavement slabs are imported and guess could you what the commission is!

Calistus Jayatilleke Friday, 28 September 2012 10:27 AM

Obviously, the highest allocations for the Brothers Company.

JBD Friday, 28 September 2012 08:40 AM

Wiil Sri Lanka understand the importance of education ever? Answer is 'Never'

Upali Wijewardene Friday, 28 September 2012 08:30 AM

how about a 1% of the defense allocation for education? Then the university staff can get back to work.

Saman Friday, 28 September 2012 06:46 AM

Pls make Namal rajapaksa as edu minister , so education ministry too will get it share !

Fusion Friday, 28 September 2012 05:16 AM

Well, at least the Health Ministry is getting a decent chunk. Such huge amounts for defense is needed because we are still paying for weapons bought over 5 - 10 years ago. Most weapons were bought on credit. Remembers thats another price of war and our children will be paying this debt for a long time!

Medusa Friday, 28 September 2012 01:59 AM

Are we getting ready for WW-3? Or is all this money going to be used for just what it has been budgeted for? They are feathering their nests with a vengeance!!!

dissa Friday, 28 September 2012 05:03 AM

their is many things to criticized.but we have to see the truth ant reality

CW Kannangara Friday, 28 September 2012 04:50 AM

Its just 1.5% of the total gvt expenditure allocated for education. What a miracle is that?

malkanthi Friday, 28 September 2012 04:40 AM

This predicts who is most powerful!

weha Friday, 28 September 2012 04:05 AM

No no this is for the pavement stones.

bandara Friday, 28 September 2012 04:03 AM

yeah we have have attained sufficiency in education and health, our public servants are well paid and very satisfied, so lets spend on defense and UDA

Nodrog Friday, 28 September 2012 03:53 AM

How about allocating more for the education ministry instead of for defense and urban?

John Friday, 28 September 2012 03:52 AM

If education allocation is just 5% of GDP as per the Minister, what % is for Defence and Health?

saif Friday, 28 September 2012 03:42 AM

most of these funds goining into the heavier pockets and the drier ones get drier ,
elections are the investment of these politicians and then they enjoy till the next election....

Nihal Amarasekera Friday, 28 September 2012 03:35 AM

When spoon is yours; unhindered serving. No objection certificate granted.

singing fish Friday, 28 September 2012 03:09 AM

It is ridiculous to allocate a vast amount of moneyfor the defense and urban developement whereas people are suffering to carry out the day to day life.

Jamieson Friday, 28 September 2012 02:25 AM

I thought the war was over, ah may be the funds are for the new Prados the Army higher-ups are now driving. The cost of living is killing the people; but what the hell lets protect the defense forces on whose shoulders we survive.

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Defence, Urban Dev. Budgetary share tops Rs. 290 bn

Comments - 25

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