President Gotabaya Rajapaksa arrived at the Parliamentary complex a while ago to witness the presentation of the 2022 Budget speech.
Minister of Finance Basil Rajapaksa is set to deliver the 2022 Budget proposal in Parliament shortly.
The Cabinet of Ministers that convened today under the patronage of President Gotabaya Rajapaksa, granted approval to the 2022 Budget earlier this afternoon.
The Second Reading of the 2022 Appropriation Bill or the Budget speech will be delivered by Minister Rajapaksa shortly.
Total state expenditure during the period from the 1st of January 2022 to the 31st of December 2022 has been estimated at Rs.2,505.3 billion.
The Ministry of Defence has been allocated Rs.373.1 billion.