Government to present vote on account for Rs. 1,474 billion
Posted in Local News
The government will present a vote on account in parliament on October 23 to allocate government expenses for the first quarter of next year, the Speaker’s Office said yesterday.
The vote on account to be presented by Finance Minister Mangala Samaraweera for the period from January 1 to April 30 will seek approval for Rs. 1,474 billion.
The vote on account will also seek approval to limit obtaining of loans to Rs. 721 billion during the first quarter of next year.
The debate on the vote on account will take place on October 23 from 10.30 am to 6.30 pm.
(Source: Daily Mirror – By Ajith Siriwardana)
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For 71 years of democratic self-rule, we have failed to progress as a nation. We have, instead, regressed, and are at the bottom of even other Asian countries.
We are 14 trillion rupees in debt.
The country spends 80 percent of the earnings to pay for government debt.
State income is 5 billion rupees a day, but the expenses are 7 billion rupees a day. The shortfall is a whopping 2 billion rupees a day!
Almost all corporations and government enterprises are losing money.
Rampant waste, fraud, and abuse define government at all levels.
Of course Fareena,
If we have dumd-heads such as Mangala manafing our Finaces, where else could you expect us to be?
Mangala lacks basic Arithmetic skills; his budgets are a disaster.
When GR is in the hot-seat, we will see Cabraal and SLPP Econ Whiz, Bandula at the helm.
All our issues will be solved.