Regional Development Ministry gets Rs. 592 m

Wednesday, 21 September 2016 00:01 - - {{hitsCtrl.values.hits}}

Minister of Regional Development, Field Marshal Sarath Fonseka, yesterday, recieved Parliamentary approval for a Supplementary Estimate for Rs. 592 million to finance the newly established ministry.

The amount will finance both recurrent and capital expenditure for the 12-month period ending 31st December 2016, the minister informed parliament.

The amount, not exceeding Rs. 592,925,000, as per the limits of expenditure already approved by the Parliament for the year, is to be obtained from the Consolidated Fund, or any other fund or money belonging to the government, Minister Fonseka said, moving the motion, under supplementary sum head 147 program 1.

The approval of the supplementary estimate will enable the “transfer of anticipated savings under various Heads of Expenditure already approved by the Parliament to Budgetary Support Services and Contingent Liability Project of the Head of Expenditure of the Department of National Budget for prioritisation and accelerating of development projects functioning under identified foreign funds and transferring them to relevant Ministries as Supplementary Provisions subject to provisions of Section 6.1 and 6.2 of the Appropriation Act, No.16 of 2015; provided that such funds will not exceed the limits of expenditure already approved by the Parliament of the Democratic Socialist Republic of Sri Lanka for the use of the financial year commencing on 1st January 2016 and ending on 31st December 2016,” he added reading the motion. (AH)