Appropriation Bill for 2021 in second week of October | Daily News


Appropriation Bill for 2021 in second week of October

The Appropriation Bill for 2021 will be be tabled in Parliament in the second week of October, Cabinet Spokesman Mass Media Minister Keheliya Rambukwella said.

During the Cabinet meeting held on Wednesday (16) Prime Minister Mahinda Rajapaksa as Finance Minister presented the policy framework to be followed in preparing the Budget for 2021.

As per the proposal the following facts are be prioritised in preparation of the budget for the year 2021:1. Allocation of resources for achieving the expected results by the government’s policy declaration ‘Vistas of Prosperity and Splendour’.

2. Allocation of required resources for realizing the objectives mentioned in the gazette notification published in relation to entrusting subject areas to the Ministries and the State Ministries.

 3. Providing drinking water to all, implementation of the programme for renovation and improving of 100,000 kilometers of roads and giving priority to aquatic resources and irrigation sector.

4. Allocation of resources required for the state investment programme creating favourable grounds for successful operation of business activities following the cost management methodologies under the prevailing circumstances since the estimation reveals that the state revenue for the 2021- would be approximately 10.20 percent of the gross domestic production.

5. Provision of assistance required for the digitalization activities of the government.

6.Drawing attention to the possibilities of redirecting to simple methodologies by reviewing the prevailing methodologies up to date enabling the achievement of more productive results engaging lesser amounts of resources.