header logo
Asia asset finance
Mogo Academy
Latest
2016 Budget second reading passed
Dec 02, 201506:08 PM
2016 Budget second reading passed

The second reading of the 2016 Budget was passed in Parliament today with a majority of 107 votes. A total of 159 members voted in favour while 52 voted against. 

 

Meanwhile 13 MPs including former President Mahinda Rajapaksa and Ven. Athuraliye Rathana Thero were absent during the vote on the second reading. 

 

The Janatha Vimukthi Peramuna (JVP) and several UPFA parliamentarians of the joint opposition voted against the budget. 

 

However, the Tamil National Alliance (TNA), Ceylon Workers’ Congress (CWC) leader Arumugam Thondaman, Eelam People’s Democratic Party (EPDP) MP Douglas Devananda and UPFA MP Lakshman Seneviratne voted in favour. 

 

The budget proposal for the fiscal year of 2016 was presented to Parliament by Finance Minister Ravi Karunanayake on November 20.

 

The debate on the Second Reading of Budget 2016 was conducted for nine days before the vote on the Second Reading was taken today (December 2).

 

The Committee Stage or the Third Reading of the Budget commences on 3 December. The Committee Stage debate will be held for 15 days and the vote on the Third Reading is scheduled to be taken in the afternoon of 19 December.

 

 

 

MostRead
Mobitel 5g
VideoStories
Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Lassana Flora