His Excellency the president presented the 34th budget of the Democratic Socialist Republic of Sri Lanka on 21st November 2011 at the Parliament. The total estimated expenditure for 2012 is to be Rs.2,220 billion, necessitating an increase in Recurrent Expenditure from Rs.1,029 billion in 2011 to Rs.1,109 billion in 2012, and the Capital Expenditure from Rs.938 billion to Rs.1,111 billion. The total revenue will be Rs.1,115 billion. Public Investment has increased from Rs.453 billion in 2011 to Rs.541 billion in 2012 in order to maintain the momentum in the growth rate of eight percent.
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Sri Lanka Budget 2012 Tax Highlights (PDF)
Sri Lanka Budget
Highlights 2012