Cabinet nod to table Appropriation Bill for Parliamentary approval | Daily News


 

Cabinet nod to table Appropriation Bill for Parliamentary approval

The Cabinet of Ministers approved the proposal presented by Prime Minister Mahinda Rajapaksa in his capacity as the Finance Minister to publish the Appropriation Bill for the Fiscal year 2020 in Parliament and then table it in Parliament for approval.

This observation was made by Co-Cabinet Spokesman Mass Media Minister Keheliya Rambukwella at the weekly Cabinet media briefing held yesterday at the Government Information Department.

Minister Rambukwella further said that the cabinet approval was granted in August this year for drafting the Appropriation Bill of the financial year 2020.

Accordingly, the total recurrent expenditure for the financial year 2020 is estimated as Rs. 2692 billion and the capital expenditure is estimated as Rs. 1846 billion.

Those estimated provisions include the provisions allocated by the two Vote on Accounts previously passed by Parliament, provisions for Estimated Expenditure for the Year 2020 approved by the President in terms of the Article 150(3) of the Constitution and provisions for the accounting of Rs. 211 billion spent for the year 2019 but has not been accounted.

Accordingly, the Attorney General’s approval has been received for the Appropriation Bill drafted by the legal draftsman for the Fiscal Year 2020.

Meanwhile, the Cabinet of Ministers approved the proposal presented by the Prime Minister in his capacity as the Minister of Finance to publish the appropriation bill for the year 2021 in the parliament and then table it in the Parliament for approval.

The drafting of the Appropriation Bill for the Fiscal Year 2021 was approved by the Cabinet in September this year and accordingly the total recurrent expenditure for the financial year 2020 is estimated as Rs. 2.690 billion and the capital expenditure is estimated as Rs. 2,216 billion.

The Attorney General’s approval has been received for the Appropriation Bill drafted by the legal draftsman.