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Sri Lanka’s total spending for 2016 is estimated at 3,138 trillion rupees and revenue estimated at 1,789 trillion, including foreign grants, according to the Appropriation Bill, a government spokesman said.

The Cabinet of Ministers have approved a proposal by Finance Minister Ravi Karunanayake to table the appropriation bill for 2016 in Parliament on October 23, government spokesman Health Minister Rajitha Senaratne said on Thursday.

Government revenue and spending estimates were prepared after talks with ministries, provincial councils and other parties, he told a news conference.   According to the total spending and revenue estimates, a deficit of 1,349 trillion rupees needs to be bridged with foreign and domestic loans.