Budget 2012

Thank you for being with us and participating in Sri Lanka's first ever Live Blog on the Budget for 2012. You will find below the live coverage of what took place at the reading of the budget on Monday November 21, 2011.

Speaker Chamal Rajapaksa today said that he would conduct an inquiry into the circumstances that led to a commotion in Parliament during the budget speech on Monday

If Sri Lanka was able to exploit the sea to its full potential it will be able to present a ‘Sea  Budget’ and refrain from obtaining loans from global financial agencies and donors, Fisheries and  Aquatic Resources Minister Dr. Rajitha Senaratne said. 

Parliamentary business was relegated to rowdy levels today during the budget speech of President Mahinda Rajapaksa with some unruly government MPs trying to manhandle and rough up UNP members who held aloft placards critical of the 2012 budget. UPDATE

President Mahinda Rajapaksa says that the UNP should be united and support the government for its good work towards developing the country

A 10% salary increase for government servants and security forces personnel will come into effect from next year

President Mahinda Rajapaksa presenting the Budget for 2012 proposed to depreciate the value of the rupee by three per cent in line with the regional currencies

Vehicle registration charges are to be revised and there will be an increase for the luxury vehicle tax

After a physical confrontation broke out between some government MPs which included Chamika Buddhadasa, Lohan Ratwatte and Ranjith Soysa, UNP parliamentarians left the chambers. The President continues to read the speech for the Budget for 2012

President Mahinda Rajapaksa who met the cabinet a short while ago obtained the approval of the cabinet for the budget proposal for 2012