Sri Lanka Cabinet approves funds for 2019 first quarter

Nov 28, 2018 (LBO) - The Cabinet of Ministers has approved a proposal to present a Vote on Account in order to secure provisions for 2019 first quarter. Accordingly the cabinet of Ministers approved the proposal presented Prime Minister Mahinda Rajapaksa, in his capacity as the Minister of Finance and Economic Affairs to present a proposal for entire expenditure of 1,735 billion rupees (Vote on Account). In detail 760 million rupees to continue process of Government Public Services, 970 billion rupees for the expenditures previously authorized by different laws and 05 billion rupees for the Government Advance Account. Meanwhile, the Cabinet also considered the matters presented by Rajapaksa, regarding the present situation of the country’s economy, condition of the liabilities which have been agreed and programmes conducted recently for improving economic situation of the country. Analysts say that following Sri Lanka’s Parliament passing a no-confidence motion against newly appointed Prime Minister Mahinda Rajapaksa last week that the the present cabinet and government are no longer in effect.