Indicating Secretary to the Ministry of Defence Gotabaya Rajapaksa‘s growing hold over the government, the defence spending of Sri Lanka has been increased to record levels for the second consecutive year despite the defeat of the LTTE five years ago.
According to the Appropriation Bill that was tabled in Parliament on Friday, the Government has allocated Rs. 285 billion for the Ministry of Defence for 2015, which is a hike of 12.25% in comparison to this year.
The announced spending amounts to 16.6 % of the government’s projected revenue for 2015.
Quoting official sources, Yahoo News in a report states the Defence Ministry is to undergo every more increases in expenditure According to Yahoo news, official sources had stated that at three-year spending plan of the government has been envisaged even more increases in national security spending to over 370 billion by 2017.
While exorbitant amounts of public funds are channeled into the Defence Ministry that has now branched out their operations into various business ventures as well as urban planning as evidenced by the beautification projects in Colombo, the funds allocated to services such as Health and Education have been experiencing a rapid decline over the past few years.