President Ranil addresses Parliament on IMF’s first review of Sri Lanka

December 13, 2023 10:57 am

President Ranil Wickremesinghe is delivering a special statement in Parliament on the International Monetary Fund’s Executive Board’s completion of the first review under the Extended Fund Facility (EFF) arrangement for Sri Lanka.

Accordingly, the Head of State arrived in Parliament this morning (13 Dec.), ahead of the vote on the Third Reading of the 2024 Appropriation Bill (Budget).

The vote on the Committee Stage, also known as the Third Reading of the 2024 Budget is scheduled to take place at 06:00 p.m. today.

According to the Appropriation Bill of 2024, the total government expenditure has been set at a record Rs. 6,978 billion, an increase of nearly 33% compared to 2023.

On November 13, President Ranil Wickremesinghe, in his capacity as the Minister of Finance, presented 2024 Budget, the country’s 78th Budget Speech, to parliament as part of the broader economic plan.

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