The budget for the year 2016 will be presented in Parliament on November 20, Finance Minister Ravi Karunanayake said today.
This will be the first full budget of the new coalition Government which took office in August. Karunanayake had presented an interim budget soon after the January Presidential elections.
Minister Karunanayake assured more concessions to the public from its maiden budget which will be presented to Parliament on November 20.
He said that the first budget of the new National Government will reflect on the end of corruption and good governance.
He said that the efforts taken by the Government to fight corruption will result in the people benefitting through the budget for 2016.
The Minister also dismissed allegations by the opposition that the Government plans to privatize State institutions.
He said that instead of privatizing State institutions the Government will look to strengthen the management of those institutions and make them more profitable.
The Minister said that the Government is already taking steps to eradicate corruption from the State owned Ceylon Petroleum Corporation (CPC) and proper management of Srilankan Airlines has resulted in the loss making National carrier beginning to earn profits. (Colombo Gazette)