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4 December 2007

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The government is successful in the crucial third reading of the budget. A slim majority of 114 votes out of a total of 225 approved the budget. 67 parliamentarians voted against the budget, while 38 members of the JVP, a former coalition partner, abstained. The budget includes Sri Lanka’s largest-ever defence expenditure – 166.4 billion rupees (US$1.5 billion). The total budget was estimated at about 1 trillion rupees (US$9.5 billion), a 20% increase in defence spending from 139 billion rupees (US$1.3 billion) last year.

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