The Cabinet of Ministers has granted approval to amend the 2022 Appropriation Bill to reduce capital expenditure, Cabinet Spokesman Mass Media Minister Dr.Bandula Gunawardane said.
Addressing the weekly cabinet media briefing yesterday at the Government Information Department, the Cabinet of Ministers had granted its consent to the proposal presented by Prime Minister Ranil Wickremesinghe in his capacity as the Finance, Economic Stabilization and National Policies Minister of to advice the Legal Draftsman to prepare a Bill to amend the Appropriation Act No. 30 of 2021.
Due to the difficult economic situation in the country, from the middle of the first quarter of 2022, the Government had to incur expenditure on other essential functions in addition to those which had been allocated by the Appropriation Act.
Moreover, the Ministry structure that existed at the time of preparing the Appropriation Act for 2022 has now changed significantly.
Therefore the government has decided to introduce an amendment bill in Parliament to replace the Appropriation Act No. 30 of 2021.
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