Cabinet approves Rs. 1,735 billion Vote on Account

Cabinet approval has been granted to present a Vote on Account to secure provisions for 2019 first quarter, Co-Cabinet spokesman and Ports and Shipping Minister Mahinda Samarasinghe said.

Addressing the weekly cabinet press briefing held at the Government Information Department yesterday, he said Cabinet approval has been granted to the proposal by Finance and Economic Affairs Minister and Prime Minister Mahinda Rajapaksa for an expenditure of Rs. 1,735 billion (Vote on Account). Minister Samarasinghe said the breakdown will be Rs.760 billion for the Public Service, Rs. 970 billion for the expenditures previously authorised by different laws and Rs. 05 billion for the Government Advances Account.

Cabinet approval has also been granted for the proposal presented by International Trade and Investment Promotion Minister Bandula Gunawardana to appoint a committee comprising of experts in the Government and private sector with sufficient qualifications to prepare a National Market Policy for Sri Lanka.