GOVT’s capital expenditure cut will affect projects

By Yohan Perera and Ajith Siriwardana  

Government’s decision to cut capital expenditure will affect the contractors who have already undertaken to implement various government projects, UPFA MP Bandula Gunawardane said yesterday.  

“We have heard that the government had decided to cut capital expenditure by 15% and we would like to know what the impact it would bring in. We have been made to understand that contractors who have undertaken projects could be affected by this move,” Dr Gunawardene said.  

He said the government is out to cut 15% of capital expenditure which has been approved by the House.  

State Minister of Finance Eran Wickramaratne who responded said the cutting of capital expenditure will be cut in a way which will not affect the contractors in a negative manner.   MP Gunawardene then said a responsible person in the government should make a statement in the House with regard to the matter.