Reply To:
Name - Reply Comment
Last Updated : 2024-04-25 00:00:00
By Kelum Bandara
The Finance Ministry has issued a circular last week asking for the curtailment of Capital expenditures of the Ministries by 15% considering the prevailing situation of the country, a Minister said yesterday.
The Minister who wished to remain anonymous said the Finance Ministry had a meeting with the Ministry Secretaries to discuss the move. Initially, it was proposed to curtail such expenditures by 30%, but finally agreed to 15%.
Meanwhile, the Finance Ministry, in response to the front page news story headlined “Govt to cut capital expenditure by 15%’, said it was not a new decision.
The Ministry said, “In fact, this is not a new decision as portrayed by your story. But was an intrinsic decision that itself was in the 2019 budget proposals presented by the Minister of Finance Mangala Samaraweera. The news item tend to create misconception in the minds of the people that the government has arrived at this new decision due to financial constrains in the aftermath of the terrorist attack,”
Meanwhile, majority of the Ministers are unhappy about the move by the Finance Ministry.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul