This was an increase of 7. The PSDP shows an increase of 30 per cent over the revised estimates.
Current expenditure shows decline of less than one per cent over the revised estimates ofwhile development expenditure will increase by The debt-to-GDP ratio has climbed to 55 percent.
Now, he added, the current expenditures of the government had been frozen, with the exception of salaries, to the level of outgoing financial year as a major austerity step.
Generally excluded from military expenditures is spending on internal law enforcement and disabled veteran rehabilitation. Salaries of government employees raised by 50 percent.
GST reduced from 17 to 16 percent.