Defence budget (Sri Lanka), Defence budget

Defence spending trends
In October 2011, the Sri Lanka proposed a USD2.1 billion defence budget for 2012, nearly 7 per cent increase compared to USD1.7 billion in 2011. Despite increases, for the past few years defence spending has remained at a constant 3 per cent of Sri Lanka's GDP. The 2011 budget amounted to a 6.4 per cent increase over the allocated LKR202 billion spend in FY10. It also equates to 20 per cent of total national expenditure. Explaining the increase in defence budget for 2012, the government said that expenditures include salaries and allowances for military and police personnel, repayments for military equipment acquired during the long-running conflict with the Liberation Tigers of Tamil Eelam (LTTE), providing welfare for the families of 'war heroes'.Previously, in June 2010, following lengthy delays due to general elections held in the country in earlier in 2010, Sri Lanka's newly elected Prime Minister D M Jayaratne submitted to parliament an appropriation bill for FY10 in which he requested a record defence budget of LKR202 billion (USD1.7 billion). The proposed military expenditure represented a 14 per cent increase over the LKR177.1 billion approved in FY09 and more than 3 per cent of gross domestic product. It also amounted to about 20 per cent of total national expenditure. Under the bill, the army received LKR78.3 billion for operations and LKR5.6 billion for procurement; the navy received LKR22.6 billion and LKR4.9 billion respectively; and the air force was allocated LKR16 billion and LKR4.5 billion respectively. The remainder, in both operations


The complete article appears in the following publication:
Publication Title Sentinel Security Assessment - South Asia
Publication date Nov 29, 2011
Section Defence budget
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