Key takeaways
§ Decline in total expenditure is achieved at the expense of the capital spending
§ Capital heavy ministries take capex cuts while personnel heavy ministries get a boost for recurrent expenditure
§ Allocation of defense and security related SUs is strengthened
§ Overall health related allocation is increased by nearly LKR 7 Bn
§ Total expenditure allocation on education contracts by LKR 6 Bn
§ Increase in the organic fertilizer allocation is financed by reductions in the budgets of minor agri Ministries
§ Plantation related allocations fall below the norm
§ Trade spending to be on par with 2020 levels
§ Tourism receives the lowest allocation in five years
§ Number of grassroot level development interventions in 2022 may see a decline
§ Somewhat lower level of spending is expected on welfare and social development
§ Allocations for industries plummet, risks sector development