COLOMBO (NewsRadio); President Ranil Wickremesinghe is scheduled to present the 2023 Budget in Parliament.
President Wickremesinghe in his capacity as the Minister of Finance will deliver the second reading of the 2023 Appropriation Bill from 1.30pm in Parliament.
The Appropriation Bill for the year 2023 was presented in Parliament on the 18th of October.
The Leader of the House, Minister Susil Premajayantha on behalf of the Minister of Finance presented the Appropriation Bill in Parliament.
The 2023 Budget, scheduled to be presented by the President is expected to contain proposals to provide concessions to the people and programmes to rebuild the economy.
The Ministry of Finance said in order to stabilize the economy, the government is compelled to enforce tax reforms.
Meanwhile, according to the Appropriation Bill, total spending for 2023 is expected at Rs.5.9, with capital expenditure likely to make up 20.9% of that total.
State Minister of Finance Ranjith Siyambalapitiya also has confirmed that a series of proposals aimed at welfare and developing Sri Lanka will be presented by President Ranil Wickremesinghe tomorrow (14) amidst a situation where 68 percent of the total population is seeking concessions and relief.
State Minister Siyambalapitiya noted that the 2023 Budget will contain a series of medium and long-term proposals to rebuild the country’s economy which has collapsed.
The Finance State Minister added that the President had also advised officials to prepare a budget with welfare-oriented proposals as a consolation to the citizens who are facing a number of issues to make ends meet in face of rising commodity prices and inflation.