Constitution of the Democratic Socialist Republic of Sri Lanka · 2023 Revised Edition · Chapter XVIIA · 146[CHAPTER XVII a
154R. Finance Commission
Unofficial copy, with amendments up to 31 Oct 2022. Later amendments are not included. Check the official text before you rely on it.
Unofficial copyFrom Parliament of Sri Lanka, unchanged
There shall be a Finance Commission consisting of –
the Governor of the Central Bank of Sri Lanka;
the Secretary to the Treasury; and
147[(c) three other members appointed by the
President, 148[on the recommendation of the
Constitutional Council,] to represent the three major communities each of whom shall be a person who has distinguished himself, or held high office, in the field of finance, law, administration, business or learning.]
Every member of the Commission shall, unless he earlier dies, resigns or is removed from office, hold office for a period of three years.
The Government shall, on the recommendation of, and in consultation with, the Commission, allocate from the Annual Budget, such funds as are adequate for the purpose of meeting the needs of the Provinces.
It shall be the duty of the Commission to make recommendations to the President as to –
the principles on which such funds as are granted annually by the Government for the use of Provinces, should be apportioned be-tween the various Provinces; and
any other matter referred to the Commission by the President relating to Provincial Finance.
The Commission shall formulate such principles with the objective of achieving balanced regional development in the country, and shall accordingly take into account –
the population of each Province;
147 - Substituted by the Twentieth Amendment to the Constitution Sec. 42.
148 - Substituted by the Twenty First Amendment to the Constitution Sec. 21.
the per capita income of each Province;
the need, progressively, to reduce social and economic disparities; and
the need, progressively, to reduce the difference between the per capita income of each Province and the highest per capita income among the
Provinces.
The Commission shall determine its own procedure and shall have such powers in the performance of its duties as Parliament may, by law, confer on it.
The President shall cause every recommendation made by the Finance Commission under this Article to be laid before Parliament, and shall notify Parliament as to the action taken thereon.
No Court or Tribunal shall inquire into, or pronounce on, or in any manner entertain, determine or rule upon, any question relating to the adequacy of such funds, or any recommendation made, or principle formulated by, the Commission.
Chapter XVIII
Public Security
Chapter XVIIIA
National Police Commission
Chapter XIX
The Parliamentary Commissioner for Administration
Chapter XIXA
Commission to Investigate Allegations of Bribery or Corruption
Chapter XIXB
National Procurement Commission
Chapter XX
General
Chapter XXI
Transitional Provisions
Chapter XXII
Interpretation
Chapter XXIII
Repeal
Chapter XXIV