PM to present 2010 Budget in parliament as SL President leaves for Ukraine
[TamilNet, Monday, 28 June 2010, 10:00 GMT]
Sri Lanka Prime Minister D. M. Jayaratne is to present the 2010 Budget in
parliament Tuesday as President Mahinda Rajapakse
departs to Ukraine the same day accompanied by the External Affairs
Minister G. L. Peiris. President Mahinda Rajapakse also holds the portfolio of
the Finance Ministry. Earlier it was announced Mahinda Rajapakse would table
the budget in the capacity of Finance Minister.
Meanwhile, diplomatic sources said Minister Peiris who is authorized to
respond to the letter sent by the European Union (EU) laying fifteen
conditions to extend the GSP+ trade concession is due to fly to
Ukraine with Rajapakse just two days before the deadline of the EU
expires on June 30. Finance Ministry sources said the budget gap is expected
to be narrowed with the recent increases in taxes and levies as well
as through foreign and domestic borrowing. The total targeted revenue
of around Rs. 830.8 billion for 2010 is insufficient to meet
expenditure running at over Rs. 1.78 trillion, finance ministry
sources said
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