Sri Lanka 2006 Defence expenditure to increase by 30%

[TamilNet, Wednesday, 09 November 2005, 02:39 GMT]
Sri Lanka's defence expenditure for fiscal year 2006 is expected to increase by more than 30% of the 2005 levels to Rs 61b, budgetary estimates submitted to the legislative body Tuesday revealed.

Breakdown of the expenditure forecast by Sri Lanka's Ministry of Defence estimate for the "formulation, co-ordination and execution of policies with regard to defence and safeguarding the territorial integrity and sovereignty of Sri Lanka," follows:



Defence Expenditure 2006 Estimates

Department

2004 Actual Rs '000

2005 Estimate Rs '000

2006 Estimate Rs '000

2007 Estimate Rs '000

2008 Estimate Rs '000

Recurrent Expenditure

46,314,527

46,343,500

61,000,000

68,690,976

73,733,871

Ministry of Defence

569,236

605,500

380,000

989,509

1,063,702

Sri Lanka Army

31,056,599

30,088,000

39,400,000

44,303,023

47,624,828

Sri Lanka Navy

7,924,174

8,050,000

12,350,000

13,886,861

14,928,087

Sri Lanka Air Force

6,764,518

7,600,000

8,370,000

9,411,582

10,117,254

Capital Expenditure

7,316,331

9,956,500

8,470,000

9,524,025

10,238,129

Ministry of Defence

45,919

56,500

170,000

191,155

205,488

Sri Lanka Army

2,424,216

2,000,000

2,500,000

2,811,105

3,021,880

Sri Lanka Navy

3,055,325

4,600,000

1,800,000

2,023,996

2,175,754

Sri Lanka Air Force

1,790,872

3,300,000

4,000,000

4,497,769

4,835,007

Total Expenditure

56,447,422

56,300,000

69,470,000

78,115,000

83,972,000

Source: Sri Lanka Budget Estimates Vol-1 Page 549



While the recurrent expenditures for Sri Lanka Army (SLA) and Sri Lanka Navy (SLN) account for the biggest increases, the capital expenditure for the SLN decreased from Rs 4.6b in 2005 to Rs 1.8b for 2006.

 

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