The cabinet of Ministers approved the proposal presented by Prime Minister Mahinda Rajapaksa in his capacity as the Finance Minister to publish the Appropriation Bill for the Fiscal year 2020 in the parliament and then table in the parliament for approval.
This observation was made by Co-cabinet Spokesman Mass Media Minister Keheliya Rambukwella at the weekly cabinet media briefing held toay at the Government Information Department.
Minister Rambukwella further said that the cabinet approval was granted in August this year for drafting the Appropriation Bill of the financial year 2020.
Accordingly, the total recurrent expenditure for the financial year 2020 is estimated as Rs. 2692 billion and the capital expenditure is estimated as Rs. 1846 billion.
Those estimated provisions include the provisions allocated by the two Vote on Accounts previously passed by Parliament, provisions for Estimated Expenditure for the Year 2020 approved by the President in terms of the Article 150(3) of the Constitution and provisions for the accounting of Rs. 211 billion spent for the year 2019 but has not been accounted.
