April 26, 2024
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    Well balanced budget - Minister Amunugama

    October 27, 2014

    Deputy Minister of Finance and Planning Sarath Amunugama said Budget 2015 could be described as a well balanced budget which has addressed all segments of the economy.

    The budget deficit which was 9.9 percent in 2009 has been reduced to five percent this year which is a big achievement. The inflation rate is also under seven percent, he said.

     

    Minister Amunugama pointed out that Budget 2015 has created so much enthusiasm among the public sector with the addition of all allowances except the Cost of Living allowance to their basic salaries. Also the Cost of Living allowance too has been given a Rs. 2,200 increase. He noted that once the allowances are added to the basic salary there would be a increase in their overtime, EPF and pensions etc.

    (ST/KH)

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