Sri Lanka's Finance Minister Ravi Karunanayake will present the second reading of the Appropriation Bill for year 2017 (Budget Speech) in parliament Today (November 10) afternoon at 2:00 p.m.
"Lanka University News" ready to bring Live Web Blogging session for the 2016 Budget Speech from 2pm.
Stay with Us >>>
ජාතික අයවැය - 2017
Updating >>>>
03:28 PM
Rs 100 million allocation to National Science Foundation for CKD research
03:27 PM
Rs 200 million to upgrade nurses training schools
03:26 PM
Rs 750 million allocation in 2017 to tackle chronic kidney disease
03:24 PM
Vocational training centre to encourage courses in lapidary, gemology, etc
Rs 300 million to be allocated for scholarships to students engaged in state run vocational training centres
Rs 300 million to be allocated for scholarships to students engaged in state run vocational training centres
03:22 PM
Student loan scheme of Rs 800,000 per student for higher education in the private sector
03:21 PM
Private sector higher education institutions with quality education would be encouraged with the necessary laws in place.
5 year multiple entry visas for international students to be provided with the aim of creating an education hub and also provide education tourism
5 year multiple entry visas for international students to be provided with the aim of creating an education hub and also provide education tourism
03:17 PM
University seminars to be extended to 8 pm daily
03:15 PM
10 storey building at Ruhunu Medical faculty to double intake to 300 students
Scholarships for deserving studentds to Harvard/MIT universites in the US and NUS-Singapore
Scholarships for deserving studentds to Harvard/MIT universites in the US and NUS-Singapore
03:13 PM
Rs.200,000 insurance cover for all school children
03:12 PM
Savings accounts to be opened for school children as CSR projects by banks
University admissions to be increased to 50,000 (from a current 20,000) annually
University admissions to be increased to 50,000 (from a current 20,000) annually
03:10 PM
Differently abled children to be given improved facilities
Agrahara insurance scheme to be extended to teachers
Agrahara insurance scheme to be extended to teachers
03:09 PM
Rs. 250 million to upgrade plantation schools
Tabs and laptops to be provided at a cost of Rs 5,000 million for high school students
03:07 PM
New subjects: Fashion designing, hospitality and logistics to be included in the school curriculum
03:06 PM
Rs 2,100 million for school labs and other facilities
03:05 PM
Additional financial resources of Rs 18,740 million for education
Smart classrooms to be created at a cost of Rs 600 million
Smart classrooms to be created at a cost of Rs 600 million
03:03 PM
Rs. 21,000 million allocated for infrastructure development for classroom development
03:02 PM
Education - 13 year education period inclusive of high school education is mandatory
03:00 PM
Lahugala, Panama to get drinking water projects thro' foreign aid at Rs 20 million
02:58 PM
50 agro-metereological centres to be set up
02:57 PM
Growing of pepper and other related crops to be encourage on coconut and rubber lands
02:56 PM
Horticulture - 2000 nurseries to given grants
02:55 PM
Whole chicken - current Rs 420 per kg price to continue
02:53 PM
Galle, Hambantota and Jaffna fisheries sectors to be improved
02:52 PM
Local milk production to be increased through state investment of Rs 200 million
15,000 cows to be imported
15,000 cows to be imported
02:50 PM
100 % capital allowance on sugar investments
Automated commodity exchange for tea, rubber and coconut
Automated commodity exchange for tea, rubber and coconut
The Appropriation Bill outlining allocations to be made for each ministry for year 2017 was tabled in House for its First Reading on 20 October.
The government has estimated an allocation of Rs. 1.82 trillion (US$ 12.4 billion) for expenditure for next year, which is lower than the 2016 allocation of Rs. 1.95 trillion.
Minister Karunanayake said a development oriented budget with long term action plan to fulfill aspirations of all citizens will be presented to parliament. The theme of the budget this time is "Towards rapid development with benefits to all".
According to the Minister the next year's Budget 2017 has focused on strengthening the national economy of the country.
He said that priority has been given to the people's proposals in preparing Budget 2017 and, the needs and views of the people were taken into consideration in order to make them representatives in Budget 2017.
Among the wide range of groups whose views are included in the budget are farmers, fishermen, laborers, small, medium and big time entrepreneurs, self-employees, industrialists, investors, trade union representatives, civil organizations, political parties, professionals, university teachers, professors and religious leaders.
In addition, the Finance Ministry had received nearly 2500 proposals from the ordinary people living in different parts of the island to be considered for Budget 2017.
The Minister further said that close attention has been drawn to the proposals with a view to solve youth unemployment, new plans to reduce cost of living, plans to promote several sectors including investment, education, health and agriculture.
"The budget proposals this time is expected to take tangible initiative to end poverty in the country. It will also be the stepping stone for a Grand National operation to save the future generation from the prevailing colossal debt trap through its long term development agenda," he said.