TSAMTO, October 11. The Sri Lankan government has proposed a defense budget of $373 billion. rupees ($1.86 billion) for 2022 ff., which is 14% more than in 2021 ff.
According to Janes Defense Weekly, the bill on appropriations for 2022 fiscal year was submitted to Parliament on October 7.
According to the bill, the proposed appropriations for defense amount to 15% of total government spending for 2022 fiscal year.
The defense budget includes 326.3 billion. rupees for "current expenses" (operation, maintenance and cash allowance) - an increase of 20.5% compared to 2021 f.g. 46.7 billion were allocated for "capital expenditures". rupees - an increase of 26%.
The total amount of allocations for the Ground Forces will amount to 188.1 billion. rupees, which is 11% more compared to the same period last year. The naval forces will receive 63.9 billion rubles. rupees, (an increase of 4%). 56 billion rubles have been allocated to the Air Force. rupees, which is 8.5% more than in 2021 f.g.
