Sri Lankan ministries to lose 5% of budgeted funds

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COLOMBO (Info 1st) – President Ranil Wickremesinghe has educated the cabinet that the fund allocations made by way of the funds for all ministries must be decrease down by 5%.

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

“There is not a safe earnings to even assist the vital welfare funds. On account of this truth, the Cabinet was educated that every one ministry allocations from the funds will most definitely be decrease down by 5%.”

Cabinet Spokesperson Minister Bandula Gunawardena educated reporters that the President had educated the Cabinet that the treasury is coping with a extreme financial catastrophe.

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

Nonetheless, State Finance Minister Shehan Semasinghe says that there should be no undue concern regarding the worth of presidency employee salaries or welfare benefits along with the Samurdhi allowance.

In an announcement, the State Finance Minister acknowledged that priority will most definitely be given to authorities employee salaries, pensions and welfare benefits all by way of the administration of presidency earnings and expenditure.

The State Finance Minister indicated {{{{that a}}}} plan to settle the funds due from the federal authorities for constructive initiatives is for the time being beneath dialogue with the associated ministries.

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