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Sri Lanka Equity Forum » Stock Market Talk » what do you think about 2017 Budget?

what do you think about 2017 Budget?

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1 what do you think about 2017 Budget? on Thu Oct 20, 2016 6:33 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The total expenditure of the government for 2017 according to the Appropriation Bill presented to the Parliament today will be over Rs.1819.5 billion (Rs 1,819,544,000,000).

The total expenditure for 2016 was Rs.1941.4 billion and it is a Rs.21.9 billion reduction when compared to last year.


The budget allocated for president’s expenses has increased to the tune of Rs.6.45 billion. It was limited to Rs.2.3 billion in 2016. Therefore, fund allocated for expenses of the president would exceeded Rs.10 million per a day, Ada Derana learns.


The total expenditure allocated for the Prime Minister is Rs.1.25 billion. However, Rs.0.4 billion was allocated for the Prime Minister through the last year’s Appropriation Bill.


The Defence Ministry allocation for 2017 is around Rs 284 billion, however, in 2016, Defence allocation stood at more than Rs.306 billion.


Allocation for the Ministry of Education for 2017 is Rs.76.9 billion. However, for 2016, this amount was Rs.185.9 billion.


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what do you think about 2017 Budget. we are getting good Budget.
any ideas.........

2 Re: what do you think about 2017 Budget? on Thu Oct 20, 2016 6:47 pm

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
We can see the real impact of the budget after 6 months times.it will be the same as today after amending it several times without changing the word "honorable Speaker "

3 Re: what do you think about 2017 Budget? on Thu Oct 20, 2016 9:22 pm

EquityChamp

avatar
Moderator
Looks like curtailment of expenditure and on the other side increase the tax revenue will be the theme.

4 Re: what do you think about 2017 Budget? on Thu Oct 20, 2016 9:41 pm

Bullrunner7

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Appropriation bill is 1.8 Trillion SLR ?!?
More than 10 million a day for the president ?!?!
Good luck with that

5 Re: what do you think about 2017 Budget? on Thu Oct 20, 2016 9:44 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:Looks like curtailment of expenditure and on the other side increase the tax revenue will be the theme.


yes. that is good news for Economy and Capital Market also.

I expect Capital Market will react to this.

VAT Hike - 26.10.2016 (Debate at Parliament)

6 Re: what do you think about 2017 Budget? on Thu Oct 20, 2016 9:50 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Target high efficiency in tax administration in order to collect more direct taxes. Enforcement from lending agencies drive to prune the expenditure levels. Commenting is too early on summarized items.

7 Re: what do you think about 2017 Budget? on Fri Oct 21, 2016 1:51 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Another trial & error budget to be followed by confusion and amendments. People are sick of it!

8 Re: what do you think about 2017 Budget? on Fri Oct 21, 2016 2:13 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@samaritan wrote:Another trial & error budget to be followed by confusion and amendments. People are sick of it!


Budget is good. I am sure. some political Coop can be happen.

eka hari naha meka hari naha kiyai. iyema kiyanna patan gaththa...

will see......

9 Re: what do you think about 2017 Budget? on Fri Oct 21, 2016 3:22 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:
@samaritan wrote:Another trial & error budget to be followed by confusion and amendments. People are sick of it!


Budget is good. I am sure. some political Coop can be happen.

eka hari naha meka hari naha kiyai. iyema kiyanna patan gaththa...

will see......

10 Re: what do you think about 2017 Budget? on Fri Oct 21, 2016 7:14 pm

whyzo


Equity Analytic
Equity Analytic
More Taxes + more rules for private sector  Very Happy Very Happy Very Happy

11 Re: what do you think about 2017 Budget? on Sat Oct 22, 2016 2:24 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
According to media release major parties have discussed in length & reached a consensus for budget proposals. Last year there was a rift between SLFP & UNP within the government. 
So common man budget may be presented in order to meet on coming provincial election.

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