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As enacted
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Contents

Part V · Adjustments to the Annual Budget During the Year

25. Annual budget reserve

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Appropriation Act may include an appropriation for contingencies which shall be called and known as the annual budget reserve for the financial year.

(2)

The amount appropriated for the annual budget reserve shall not exceed two per centum of the proposed estimate of primary expenditure.

(3)

The funds in the annual budget reserve may be allocated to cover urgent, unforeseen and unavoidable requirements as defined in written laws and the expenditure where existing allocations are insufficient.

(4)

Any allocation from the annual budget reserve shall be approved in accordance with the provisions of the

Appropriation Act and shall be reported to Parliament within two months.

Read on from s 26

Part VI

Budget Execution

Read on from Part VI

Part VII

Financial Management

Read on from Part VII

Part VIII

Statutory Funds

Read on from Part VIII

Part IX

Public Investment Management

Read on from Part IX

Part X

Government Borrowings and Guarantees

Read on from Part X

Part XI

Accounting and Reporting

Read on from Part XI

Part XII

State Owned Enterprises

Read on from Part XII

Part XIII

Provincial Councils and Local Authorities

Read on from Part XIII

Part XIV

Cadre Management

Read on from Part XIV

Part XV

Offences and Penalties

Read on from Part XV

Part XVI

Miscellaneous Provisions

Read on from Part XVI

Part XVII

Repeals

Read on from Part XVII

Part XVIII

Interpretation

Read on from Part XVIII