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Thursday, 9 October 2014 00:07 - - {{hitsCtrl.values.hits}}
President to present 2015 Budget on 24 OctoberPresident Mahinda Rajapaksa in his capacity as the Minister of Finance and Planning will deliver the budget for year 2015 to Parliament on 24 October. The decision to present the next year’s Budget earlier to Parliament has been taken at the Party Leaders’ meeting held on Tuesday, the Government media said. Accordingly, the second and third voting will be held on 30 October and 18 November. The Cabinet of Ministers approved the Appropriation Bill for the Financial Year 2015 submitted by President last month. The Government has estimated Rs. 1.812 trillion (approximately $ 14 billion) as expenditure for its services for the financial year of 2015. The Appropriation Bill 2015 targets a budget deficit of 4.4% of Gross Domestic Product (GDP) for the next year while expecting a growth rate of 8.2%. |