The additional spending of Rs 6.1 billion in the 22
progarmmes of the PBB 2011 estimates had to be covered by a Supplementary
Appropriation Bill. In his intervention
on the Bill the Minister of Finance reminds us that “ the bulk of the Rs 6.1
billion has been used to provide adequate financial resources for the National
Resilience Plan. This is a rainy day fund totalling Rs7.3 billion at end
December 2011, created in order for our country not to be caught unprepared
with the continuing Euro zone crisis. This prudent measure of unequalled size
in our history has received universal acclaim, and is one of the factors cited
by the ratings agency Moody’s for our rating upgrade from Baa2 to Baa1.”
