RW slashes military spending from Budget!

President Ranil Wickremesinghe is to present the Budget for next year (2023) to Parliament as the Finance Minister at 1.30 p.m. today (14).

According to the Appropriation Bill recently submitted to Parliament by the President, the highest amount has been allocated to the Ministry of Public Administration, Provincial Councils and Local Government which is Rs.856 billion.

The Ministry of Defence has been allocated Rs.410 billion while the Finance Ministry has been allocated Rs.613 billion.

Speaker Mahinda Yapa Abeywardena informed Parliament on November 10 that special security measures will be implemented in Parliament today.