Sri Lanka wants to increase defence budget again

by admin
Sep 29, 2012

After 2012 had the highest ever allocation for the Defence and Urban Development Ministry, Sri Lanka has once again planned to increase the amount of money allocated to the defence budget.

Last week, the cabinet approved the 2013 Appropriation Bill, estimating government expenditure at Rs 2.52 trillion (£12 billion).

The biggest amount, as usual, is allocated to the defence ministry, with Rs 290 billion (£1.4 billion), an increase of Rs 60 billion (£290 million), sources told ColomboPage.

The President’s Office budget will also increase to over Rs 7.4 billion next year.

The finance minister Mahinda Rajapakse, who is also president, is currently preparing the 2013 budget, will present the budget to parliament on November 8.

Sri Lankan Minister’s call to arms (14 Aug 2012)

Highest ever defence budget passed (19 Dec 2011)

2012 budget fosters militarisation (21 Nov 2011)

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