Sri Lankan ministries to lose 5% of budgeted funds


COLOMBO (Information 1st) – President Ranil Wickremesinghe has knowledgeable the cupboard that the fund allocations made through the finances for all ministries should be lower down by 5%.

This was introduced by Minister Bandula Gunawardena, the Cupboard Spokesperson on Tuesday (10) on the weekly Cupboard media briefing.

“There isn’t any secure revenue to even help the important welfare bills. Due to this fact, the Cupboard was knowledgeable that each one ministry allocations from the finances will probably be lower down by 5%.”

Cupboard Spokesperson Minister Bandula Gunawardena informed reporters that the President had knowledgeable the Cupboard that the treasury is dealing with a severe monetary disaster.

The Minister stated that the federal government is already discovering it troublesome to pay the state sector salaries for January and February.

Nonetheless, State Finance Minister Shehan Semasinghe says that there must be no undue concern relating to the cost of presidency worker salaries or welfare advantages together with the Samurdhi allowance.

In an announcement, the State Finance Minister acknowledged that precedence will probably be given to authorities worker salaries, pensions and welfare advantages within the administration of presidency income and expenditure.

The State Finance Minister indicated {that a} plan to settle the payments due from the federal government for sure initiatives is at the moment underneath dialogue with the related ministries.

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