fbpx

Life+News The Official News Portal of Independent Television Network Ltd

Appropriation Bill 2019 tabled in the House

ITN News Editor
By ITN News Editor October 9, 2018 18:59

Appropriation Bill 2019 tabled in the House

The Appropriation Bill for the financial year 2019 was tabled in parliament by Minister of Finance and Mass Media, Mangala Samaraweera today.

Next year’s annual state expenditure will be 4,376 billion rupees and the budget deficit will be644 billion rupees which is 4.1 percent of the GDP.The Government revenue in the year 2014 was 11.5 percent of the GDP and, it was gradually increased after the unity government came in to power and, it is expected to be increased to 15.1 percent of the GDP in 2019.

Meanwhile, Deputy Speaker Ananda Kumarasiri informed the House that some clauses of the 20th amendment to the constitution need to be passed by a special majority vote of the parliament and a referendum as per the verdict of the Supreme Court.

ITN News Editor
By ITN News Editor October 9, 2018 18:59