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Contents

Part VI · Budget Execution

30. Expiry of annual budget and lapsed payment

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

(1)

The authority to spend moneys appropriated under the annual budget shall expire and cease to have effect at the end of the financial year to which such annual budget relates.

(2)

In case of a claim not settled prior to thirty first day of

December of a financial year in which the claim arose, such claim shall be settled against corresponding “code of expenditure” in the following financial year. Procedure for such settlement shall be as prescribed.

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

Interpretation