Budget Brief 2022-2023

Budget 2022/23, presented under the theme ‘With the People, For the People’, seeks to address current challenges caused by disruptions in global value chains and rising prices of energy, food and commodities. The budget speech announces several measures aimed at providing greater social protection to the poor and vulnerable and promoting their resilience in the face of eroding purchasing power. As such, 300,000 individuals will benefit from an increase their pensions. Social protection measures in favour of the elderly, disabled, low income and vulnerable individuals and families are projected to cost around Rs59.4 billion, i.e. 34.4% of Government’s total expenditure for the financial year 2022-2023.