Appropriation Bill for 2022 presented to Parliament | Daily News

Appropriation Bill for 2022 presented to Parliament

Substantial reduction in Govt expenditure
Rs. 2,505 billion allocated for Ministries
Defence, Health, Education get priority
Massive allocations for Transport and Highways too

Finance Minister Basil Rajapaksa presented the Appropriation Bill for 2022 in Parliament yesterday morning.

The Appropriation Bill to provide service for the financial year 2022, to authorize the raising of loans in or outside Sri Lanka and to enable the payment, by way of advances out of the Consolidated Fund or any other fund or money, was published in the Gazette on September 29, 2021.

Approval will be sought for recurrent and capital expenditure related to the expenditure of the Government estimated to be rupees two thousand five hundred five billion three hundred forty-six million five hundred fifty-eight thousand for the service of the period beginning on January 1, 2022  and ending on December 31, 2022. According to the Appropriation Bill, the total expenditure of the Government next year has been reduced by Rs.30 billion. Moreover, before President Gotabaya Rajapaksa came to power in 2019 the Presidential Expenditure Head was Rs. 13.55 billion and according to the Budget Appropriation Bill for 2022 the Presidential Expenditure Head is Rs.2.78 billion.

The Appropriation Bill earmarks allocations for individual Ministries, Departments and institutions ahead of the actual Budget which will be presented in Parliament next month.

For 2022, the Ministry of Defence had been allocated Rs.373.1 billion, education 127.5 billion rupees and health Rs.153.5 billion. The Ministry of Transport has been allocated Rs.31.2 billion, with Rs.26.2 billion of that going for railways. The Ministry of Highways will get Rs.250.2 billion as several important road projects are coming up.

The First Reading of the Bill took place yesterday while the Second Reading, also referred to as the presentation of the Budget Speech by the Finance Minister and Third Readings, including the dates of the Parliament debates and votes will be decided at the forthcoming committee meetings of the Committee on Parliamentary Business.

According to Chapter xvii of the Constitution, Parliament has full control over public finances and must seek the approval of the House on matters including taxation, Consolidated Fund or any other funds or monies. According to the Standing Orders of Parliament, not more than 26 days are allotted for consideration of the Appropriation Bill. Accordingly, no more than seven days will be allotted for the Second Reading.

This year’s Budget Speech is being eagerly awaited by the public, business community and international partners as Sri Lanka seeks recovery from the socio-economic impacts of Covid-19 in the post-pandemic period.


Budget Speech  on November 12,  debate till Dec.10

The Committee on Parliamentary Business chaired by Speaker Mahinda Yapa Abeywardena, yesterday decided to hold the Debate on the Appropriation Bill for 2022 from November 12 to December 10.

It was decided to present the Second Reading (Budget Speech) of the Appropriation Bill for 2022 on November 12 by Finance Minister Basil Rajapaksa. It has been decided to hold the Debate on Second Reading for seven days starting  from November 13 to November 22 inclusive of Saturdays falling on each week. Thereafter, the Vote for the Second Reading will be held on November 22 at 5.00 p.m., Parliament Secretary General Dhammika Dasanayake said.

The Debate at the Committee Stage will commence on November 23 and it has been decided to hold the said Debate for 16 days inclusive of Saturdays up until Friday December 10.Thereafter,the Vote for the Third Reading will be held on December 10 at 5.00 p.m.

During the Budget Debate, Parliament will convene at 9.30 a.m. and will have 30 minutes from 9.30 a.m. to 10.00 a.m. for five Questions for Oral Answers.

The Second Reading Debate and the Committee Stage Debate will be held from 10.00 a.m. to 5.00 p.m. and will be suspended from 12.30 p.m. - 1.00 p.m. for the lunch break.

A Motion at the time of Adjournment will be taken up from 5.00 p.m. to 5.30 p.m. on every day except for November 22 and December 10 when the Vote will be taken up.

 


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