Nov 11, 2021

Budget 2022, to be presented in Parliament tomorrow

Minister of Finance - Basil Rajapaksa will present the second Reading of the Appropriation Bill for the financial year 2022 in Parliament tomorrow (12).

The budget speech will begin at 02.00 pm, the Secretary General of Parliament - Dhammika Dasanayake said.

Arrangements have been made to present this year's budget debate in sign language on behalf of the hearing-impaired community. Accordingly, a Sign Language Window will be telecast simultaneously with the live telecast during the budget debate.

This is the 76th budget of an independent Sri Lanka and the second budget of President Gotabaya Rajapaksa's government.

The Bill was introduced in Parliament by the Minister of Finance on Oct. 07.

This Appropriation Bill was published in the Gazette on Sep. 29, 2021 for matters relating to obtaining service expenses for the financial year 2022 from the Consolidated Fund or any other suitable fund with provisions and obtaining loans within or outside Sri Lanka.

Accordingly, for service expenses during the period from Jan. 01, 2022 - Dec. 31, 2022, approval is to be obtained for recurrent and capital expenditure related to Government Expenditure amounting to rupees two thousand five hundred and five billion three hundred and forty-six million five hundred and fifty-eight thousand.

Chapter xvii of the Constitution gives Parliament full control over public finances and requires the approval of Parliament on matters including taxation, consolidation of funds or any other appropriate fund with provisions.

The second reading debate of the budget will be held for seven days from Saturday, (Nov. 13) to Monday (Nov. 22). The vote on the second reading of the budget will take place on Monday (Nov. 22) at 5.00 pm. The Committee Stage Debate will commence on Tuesday (Nov. 23) and will continue for 16 days, including Saturday, until the Friday afterwards (Dec. 10) The third reading vote will be held on Dec. 23 at 5.00 pm.

Secretary General of Parliament Mr. Dhammika Dasanayake said that arrangements have been made to hold sittings in Parliament in accordance with all health guidelines and regulations during the entire period of the budget debate starting from tomorrow (12), the presenting of the budget statement to Parliament.

The Public Gallery will not be open to the public during the budget debate and only a limited number of government officials will be allowed to attend the Budget Committee session.

The Gallery for Special Guest and Invited Foreign Diplomatic Ambassadors and High Commissioners will be opened tomorrow.

Following the budget speech, the Finance Minister will host the traditional tea party, which will be limited to MPs, ministers, foreign ambassadors and invitees.