Appropriation (Amendment) Act 2016

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

Official translationFrom Department of Government Printing, unchanged

s 1Short title

This Act may be cited as the Appropriation

(Amendment) Act, No. 23 of 2016.

s 2Amendment of section 2 of Act, No. 16 of 2015

Section 2 of the Appropriation Act, No. 16 of 2015

(hereinafter referred to as the “principal enactment”) is hereby amended by the repeal of paragraph (b) of subsection (1) and the substitution therefor of the following:—

(b)

from the borrowings made in the financial year 2016

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 borrowings at any given time during the financial year 2016 or at the end of the financial year 2016

shall not exceed rupees one thousand six hundred ninety nine billion and the details of such borrowings 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.

Read on from s 3