The Ministry of Finance has said that the government will have to pay Rs 2,200 billion as debt - the largest amount ever to be paid as debt within an year.
The estimated expenditure of the government for this year is Rs 4,470 billion while the budget deficit would be 4.8 percent of the Gross Domestic Production (GDP)
The Finance Ministry expects that the expenditure of the state would go upto 15 percent of the GDP this year.
The Appropriation Bill outlining the government's expenses would be submitted before Parliament on February 05 while the annual budget would be tabled before Parliament on March 05.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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