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Message: <blockquote data-quote="lkdood" data-source="post: 11158620" data-attributes="member: 92282">Sri Lanka on Tuesday announced it would raise defence spending by  over five percent in 2012, more than two years after the government  ended a decades-long ethnic conflict with Tamil rebels.The  government allocated 230 billion rupees ($2.1 billion) for the calendar  year 2012, up from 215 billion rupees ($1.92 billion) estimated for  defence expenses in 2011, according to official figures tabled in  parliament Tuesday.Sri Lanka has maintained that it needs to keep  defence spending high, to repay hefty instalments on military hardware  bought to fight the separatist Tamil Tigers.Government forces  crushed the rebels in May 2009, ending what had become Asia's  longest-running ethnic conflict that claimed up to 100,000 lives since  1972, according to UN estimates.According to figures tabled in  parliament, nearly half of the 2012 defence budget will be spent on the  army to maintain its 200,000 personnel.President Mahinda  Rajapakse, who is also finance minister, is due to unveil the full 2012  budget on November 21, when he is expected to announce new revenue  raising proposals to meet state expenses.The government's 2012  expenditure was estimated at 2.22 trillion rupees ($20.1 billion), while  revenue was estimated at 1.115 trillion rupees, resulting in a budget  deficit of 1.105 trillion rupees.<img src="http://www.google.com/hostednews/img/afp_logo.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /></blockquote>

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