The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament.
If the government had failed to win the budget vote, President Mahinda Rajapakse would have been forced to call a snap election or ask the party that commands a majority in parliament to form the next government.
No cross overs has been reported during the vote.
The budget was passed at its third reading in parliament with 152 votes in favour and 57 against, giving the government a majority of 95 votes.
Former Health Minister Maithripala Sirisena and fellow Sri Lanka Freedom Party (SLFP) dissidents were not present today at the vote.
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The United National Party (UNP), Tamil National Alliance (TNA) and Democratic National Alliance (DNA) voted against the Budget and around 15 parliamentarians were reportedly absent during the vote.