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Cabinet grants approval for Appropriation Bills for 2020, 2021

07 Oct 2020

The Cabinet of Ministers approved the proposal to publish and table the Appropriation Bills for the fiscal years 2020 and 2021 in Parliament. On 19 August, the Cabinet granted approval to draf the Appropriation Bill for the fiscal year 2020 by the Legal Draftsman. Accordingly, the total recurrent expenditure for the financial year 2020 is estimated at Rs. 2,692 billion, while capital expenditure is estimated at Rs. 1,846 billion. The estimated provisions include the following: . 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 Article 150(3) of the Constitution . Provisions for the accounting of Rs. 211 billion spent for the year 2019 but has not been accounted Meanwhile, the drafting of the Appropriation Bill for the fiscal year 2021 was approved by the Cabinet on 16 September. As per the Bill, the total recurrent expenditure for the financial year 2021 is estimated at Rs. 2,690 billion, while capital expenditure is estimated at Rs. 2,216 billion. The Attorney General’s (AG) clearance has been received for both Appropriation Bills. The proposals to table the aforementioned Bills in Parliament were submitted to the Cabinet by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Finance.


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