Rajapaksa to present 2011 budget in parliament Monday

[TamilNet, Sunday, 21 November 2010, 14:32 GMT]
Sri Lanka’s President Mahinda Rajapaksa in his capacity as the Finance Minister is to present the 2011 Budget Monday afternoon in the parliament. Financial ministry sources said the new budget proposals would be a development oriented one that provides relief to the people. The total expenditure for 2011 is estimated to be over 1.08 trillion rupees.

Nearly 20 percent of the expenditure is for defense sector which is estimated to be Rs 215.2 billion.

The debate on the second reading will be held from November 22nd to 27th while the third reading is scheduled to be held from November 29 to December 20.