Sri Lanka parliament passes ambitious interim budget ahead of presidential election


  • World
  • Thursday, 24 Oct 2019

FILE PHOTO: Sri Lankan Finance Minister Mangala Samaraweera presents the 2019 budget proposals at the parliament in Colombo, Sri Lanka March 5, 2019. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) - The Sri Lankan parliament on Wednesday passed an ambitious interim budget weeks before a presidential election, with 1.47 trillion rupees ($8.11 billion) in spending for the first four months of 2020.

The interim budget, passed unanimously in the 225-member parliament, expects 745 billion rupees in government revenue in the first four months of next year and sought permission to raise up to 721 billion rupees as loans.

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