Budget 2017; State focuses on economic development


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The anticipated Budget 2017 was presented in Parliament by Finance Minister Ravi Karunanayake yesterday.

It was the second budget of the Good Governance government and the 70th one of Sri Lanka.

President Maithripala Sirisena was also present in the chambers as Minister Karunanayake announced the budget for over three hours.

At the conclusion of the speech he said that the government is focused on achieving a seven per cent economic growth next year.

Highlights of next year’s budget was the reduction of LP Gas by Rs. 25, a kilo of sugar by Rs. 2, kilo of dhal and green gram by Rs. 10 and Rs. 15 respectively. A kilo of sprats and potatoes were also reduced by Rs. 5 each.

The Finance Minister also said that an additional grant of Rs. 17.84 billion rupees was allocated for the education sector.

Meanwhile, government ministers were quoted saying that next year’s budget is focused on economic prosperity of the country.

Several MPs from other parties showed concerned about the budget stating that it would burden the people, especially the working class.

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