– Despite the collective efforts of hardworking individuals, there were others who attempted to hinder the nation’s progress, he charged.
– Delivering the 2024 Budget Speech, President Ranil Wickremesinghe asserted that Sri Lanka’s economy, which had faced setbacks, successfully regained momentum in the previous year.
President Ranil Wickremesinghe, who arrived in Parliament a short while ago, commenced the 2024 Budget Speech in the House.
The Cabinet of Ministers approved the 2024 Budget proposals during the Cabinet meeting held this morning (13 Nov.).
Accordingly, the Second Reading of Appropriation Bill for the fiscal year 2024, the country’s 78th Budget Speech, is being delivered by President Ranil Wickremesinghe, in his capacity as the Minister of Finance, commencing from 12 noon today.
Thereafter, the Second Reading debate of the 2024 Budget will be held for seven days from November 14 to 21, excluding Sundays.
Furthermore, the vote for the Second Reading of the Budget is scheduled to be held on November 21 at 6.00 p.m.
According to the Appropriation Act of 2024, the total government expenditure is approximately Rs. 7,833 billion, of which Rs. 3,861 billion has been allocated for Government Service Expenditure.
Moreover, to authorize the receipt of funds from within or outside of Sri Lanka during the financial year 2024, the limit of the amount of loan taken should not exceed 3,900 billion rupees pertaining to the 2024 fiscal year.
Post submitting this Appropriation Bill to the Parliament (first reading), it was submitted to the Committee on Public Finance of Parliament for which the related approval was received on November 09.