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As enacted

2. Appropriation for financial year, 2023

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Without prejudice to anything in any other law authorizing any expenditure and subject to the provisions of subsection (4) of this section, the expenditure of the

Government which is estimated to be rupees three thousand six hundred fifty seven billion two hundred sixty five million six hundred thirty eight thousand for the service of the period beginning on January 1, 2023 and ending on

December 31, 2023 (in this Act referred to as the “financial year 2023”), shall be met –

(a)

from payments which are hereby authorized to be made out of the Consolidated Fund or any other fund or moneys, of or at the disposal of the

Government; and

(b)

from borrowing made in the financial year 2023, which are hereby authorized in terms of relevant laws for moneys to be raised whether in or outside

Sri Lanka, for and on behalf of the Government, provided that the balance outstanding of such borrowing at any given time during the financial year 2023 or at the end of the financial year 2023

shall not exceed rupees four thousand nine hundred seventy nine billion and the details of such loans shall be incorporated in the Final Budget Position

Report which is required to be tabled in Parliament under section 13 of the Fiscal Management

(Responsibility) Act, No. 3 of 2003:

Provided that, the difference between the total short-term borrowing raised during the financial year 2023 and the total settlement of short-term borrowing made during the financial year 2023

shall only be considered in deciding the volume of short-term borrowing for the purposes of calculating the borrowing made during the financial year 2023

as specified in this section.

(2)

The sum of rupees three thousand six hundred fifty seven billion two hundred sixty five million six hundred thirty eight thousand referred to in subsection (1), may be expended as specified in the First Schedule to this Act.

(3)

The provisions of subsection (1) shall have effect without prejudice to the provisions of any other written law, authorizing the raising of loans for and on behalf of the

Government.

(4)

The estimated expenditure of the Government authorized by laws to be charged on the Consolidated Fund, shall be rupees four thousand two hundred twenty two billion two hundred thirty three million three hundred sixty two thousand for the service of the period beginning on January 1, 2023 and ending on December 31, 2023. The Expenditure

Heads and the laws under which such expenditure is authorized to be made, are as specified in the Second

Schedule to this Act.