Published On: Fri, Oct 21st, 2016

President to spend over Rs.10 million per day, reduced allocation for education

505938303maiThe total expenditure of the government for 2017 according to the Appropriation Bill presented to the Parliament today will be over Rs.1819.5 billion (Rs 1,819,544,000,000).

The total expenditure for 2016 was Rs.1941.4 billion and it is a Rs.21.9 billion reduction when compared to last year.

The budget allocated for president’s expenses has increased to the tune of Rs.6.45 billion. It was limited to Rs.2.3 billion in 2016. Therefore, fund allocated for expenses of the president would exceeded Rs.10 million per a day, Ada Derana learns.

The total expenditure allocated for the Prime Minister is Rs.1.25 billion. However, Rs.0.4 billion was allocated for the Prime Minister through the last year’s Appropriation Bill.

The Defence Ministry allocation for 2017 is around Rs 284 billion, however, in 2016, Defence allocation stood at more than Rs.306 billion.

Allocation for the Ministry of Education for 2017 is Rs.76.9 billion. However, for 2016, this amount was Rs.185.9 billion.

Source – Ada Derana

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