Expenditure For Education Approaches 6 Percent: Ravi Karunanayake

November 20, 2015

Education has been prioritized and has been allocated 5.41% of the Gross Domestic Production from 2016 budget, Finance Minister Ravi Karunanayake said.

Minister of Finance, Ravi Karunanayake presented the second reading of the 2016 budget of the newly elected consensus government at the parliament today.

The Minister proposed to allocate Rs. 10,000 million to upgrade schools and to provide electricity for all schools.

Furthermore, Karunanayake said that university students are to be given interest-free loans to buy laptops.