SPC presents budget 2018 | Daily News


 

SPC presents budget 2018

Southern Province Chief Minister enters the council chamber to present the annual financial statement Picture By Mahinda  P. Liyanage
Southern Province Chief Minister enters the council chamber to present the annual financial statement Picture By Mahinda P. Liyanage

The fourth annual Financial Statement of the seventh Southern Provincial Council was presented to the council on Friday by Southern Province Chief Minister Shan Wijayalal De Silva. It was the 14th submitted by the Chief Minister.

Presenting the Financial Statement, the chief Minister said the budget of the government of President Maitripala Sirisena aimed at finding sustainable solutions for economic issues.

He said the total expenditure for 2018 was Rs. 33911.5 million. "Rs. 28,950 million of the budget covers recurrent expenditure," he said.

"The Council will earn Rs. 8258.5 million from taxes that include the Nation Building Tax and stamp duties. The Central Government is expected to provide Rs. 25,652.9 as grants, he said. The Chief Minister said the total capital expenditure was Rs. 4,762 million and 14 percent of it was spent on maintaining the council.

SP Opposition Leader Tennakoon Nilame proposed the vote of thanks. The debate will be held today and tomorrow. 


Visit Kapruka.com Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

 

Add new comment