Friday, December 10, 2010

Sri Lanka Spending $1.9B in 2011

COLOMBO, Sir Lanka -The Sri Lanka government has allocated SLR215 billion ($1.92 billion) for defense for 2011, amounting to 20 percent of the national budget and representing an increase of 6 percent over last year's budget. Much of this budget is due to large installment payments on military hardware bought over the years. These will continue to dominate the military budget for some time.
As usual, the 200,000-strong Sri Lanka Army will absorb just over half of the entire defense spending to maintain its personnel. A substantial proportion of this will be spent on new bases and cantonments needed to accommodate troops in the northern and eastern provinces, replacing the existing makeshift shelters.
Also acting to increase the defense budget is the consolidation of a number of paramilitary budgets from other ministries into the Ministry of Defense.

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