Public Financial Management Act 2024 · As enacted · Part III · Fiscal Responsibility
16. Deviation from the primary expenditure ceiling
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
Any deviation from the primary expenditure ceiling specified in the medium-term fiscal framework for any financial year, may be made by the Government only under the circumstances specified in subsection (2) and shall be subject to the procedures specified in subsection (3).
The Government may exceed the primary expenditure ceiling specified in the medium-term fiscal framework only in the unanticipated events or natural disaster posing significant threats to national security, national economic security or the public health and safety of the country which necessitate additional, temporary and targeted public expenditure beyond any contingencies included in the annual budget.
Where any situation specified in subsection (2) arises or is likely to arise that requires expenditure in excess of the primary expenditure ceiling specified in the medium-term fiscal framework, the Minister of Finance shall request by way of resolution, the approval of Parliament for the deviation from the primary expenditure ceiling and supplementary appropriations in excess of the primary expenditure ceiling specified in the medium-term fiscal framework.
The request referred to in subsection (3) shall be accompanied by, at a minimum –
a statement explaining the circumstances in consequence of which the need for such deviation arose, including supporting data, and how those circumstances justify the deviation;
a recovery plan that shall contain information and targeted actions to be taken to manage the circumstances specified in subsection (2) including additional spending, and actions to be taken by the
Minister of Finance to return to compliance with the primary expenditure ceiling, and the timeframe for such return to compliance;
a supplementary estimate proposal in line with section 26; and
an updated medium-term fiscal framework.
The documents specified in subsection (4) shall be published on the official website of the Ministry of the
Minister of Finance.
Part IV
Preparation and Approval of Annual Budget
Part V
Adjustments to the Annual Budget During the Year
Part VI
Budget Execution
Part VII
Financial Management
Part VIII
Statutory Funds
Part IX
Public Investment Management
Part X
Government Borrowings and Guarantees
Part XI
Accounting and Reporting
Part XII
State Owned Enterprises
Part XIII
Provincial Councils and Local Authorities
Part XIV
Cadre Management
Part XV
Offences and Penalties
Part XVI
Miscellaneous Provisions
Part XVII
Repeals
Part XVIII