Finance Minister Mangala Samaraweera will present the Budget for 2018 to Parliament at 3 pm tomorrow.
It will be the first Budget to be presented by Minister Samaraweera and the 72nd budget of independent Sri Lanka.
The budget deficit for 2018 will be Rs 1.8 trillion, according to the Appropriation Bill for 2018 while government revenue is estimated at Rs. 2,175 billion and expenditure at Rs. 3,982 billion.
(CK)
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The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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