As enacted

Contents

Public Financial Management Act 2024 · As enacted · Part VII · Financial Management

34. Treasury cash flow management and treasury single account system

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

(1)

(a)

There shall be established a Committee on

Cash Flow Management chaired by the Secretary to the

Treasury and consisting of Deputy Secretaries, and Heads of the Departments in the Treasury and Heads of following revenue Departments: -

(i)

Director-General of Customs;

(ii)

Commissioner-General of Inland Revenue;

and

(iii)

Commissioner-General of Excise.

(b)

The powers, duties and functions, responsibilities and operation of the Committee specified in paragraph (a)

shall be as prescribed.

(2)

There shall be a treasury single account to maintain the revenue and expenditure of the Consolidated Fund, which shall be an integrated system of bank accounts, into which all Government cash including moneys received by the public entities referred to in subparagraphs (i) and (ii) of paragraph (a) of subsection (2) of section 3 shall be deposited and from which expenditure of the Government and such public entities shall be made to enable public funds to be managed in a consolidated manner.

Read on from s 35

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