Skip to content
As enacted
Contents

7. Power of Minister to limit expenditure previously authorized

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

Where the Minister is satisfied -

(a)

that receipts from taxes and other sources will be less than the amounts anticipated to finance authorized expenditure; or

(b)

that amounts originally appropriated for a particular purpose or purposes are no longer required, he may with the approval of the Government, withdraw in whole or in part any amounts previously released for expenditure under the authority of a warrant issued by him, from the Consolidated Fund or from any other fund or moneys of, or at the disposal of the Government, to meet any authorized expenditure and the details of all such withdrawals 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.