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srilawsby aturio
As enacted
Contents

Part I · Application of the Act

3. Application of the provisions of this Act

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

(1)

In addition to the provisions enshrined in Articles 148, 149, 150, 151 and 152 of the Constitution, the provisions of this Act, any regulation, and directive made thereunder, unless specifically excluded from this Act, shall apply to the management of the public finance.

(2)

The provisions of this Act shall apply to the entities and persons specified below -

(a)

the following entities (hereinafter referred to as the

“public entities”): -

(i)

budgetary entities;

(ii)

Statutory Funds and Trusts to which public finances are allocated;

(iii)

State-Owned Enterprises; and

(iv)

Provincial Councils, Provincial Ministries,

Provincial Departments, other Institutions functioning under the Provincial Councils, and Local Authorities in terms of the relevant written laws;

(b)

Officers and employees of public entities to whom a power or duty is conferred, delegated or assigned under this Act or any regulation made thereunder, including a Chief Accounting Officer, Accounting

Officer or a competent authority referred to in

Part VI of this Act.

(3)

Every public entity and persons referred to in subsection (2) in respect of which this Act applies, shall notwithstanding anything to the contrary in the provisions of any other written law, comply with the provisions of this Act in managing public funds allocated to or levied by any such public entity under any written law.

Part II

Powers, Duties and Functions of the Minister of Finance and Other Authorities

Read on from Part II

Part III

Fiscal Responsibility

Read on from Part III

Part IV

Preparation and Approval of Annual Budget

Read on from Part IV

Part V

Adjustments to the Annual Budget During the Year

Read on from Part V

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