INSUBCONTINENT EXCLUSIVE:
The second reading of the Appropriation Bill for the fiscal year 2023 was passed in the parliament today (Nov
22), by a majority of 37 votes.Announcing the results of the division at the end of the debate on the second reading this evening, Speaker
Mahinda Yapa Abeywardena said 121 parliamentarians in total have voted in favour of the budget while 84 voted against it.Meanwhile, MP C.V
Wigneswaran abstained from voting.During the division, Sri Lanka Podujana Peramuna (SLPP) endorsed the Appropriation Bill
capacity as the Minister of Finance, presented the 2023 Budget to parliament on November 14, aimed at creating long-term stable economic
growth.Subsequently, the debate on the second reading of the Appropriation Bill commenced on the following day and continued for seven
days.According to the 2023 budget, 77th budget of the independent Sri Lanka, the total expenditure for 2023 will be Rs
5,819 billion (19.2%) and the total revenue and grants will be Rs
3,415 billion (11.3%).Meanwhile, the budget deficit for the fiscal year 2023 is estimated at Rs
2,404 billion, which is 7.9 as a percentage.Through this budget, the government has allocated Rs
4,609 billion for recurring expenditure such as subsidies and salary payments
For salaries and wages, Rs
1,002 billion has been set aside, and Rs
1,114 billion for subsidies and transfers.The debate on the committee stage or the third reading of the Appropriation Bill will kick off
This article first appeared/also appeared in https://adaderana.lk
