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Contents

Part IX · Public Investment Management

41. Public investment programme

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

(1)

There shall be a public investment programme consisting of all ongoing and prospective public investment projects, including public-private partnership projects planned based on the national development policy framework. The public investment programme shall be prepared by the Department responsible for the subject of national planning in the manner as may be prescribed and approved by the Minister of Finance and be published in the official website of the Ministry of the Minister of Finance and be updated annually.

(2)

Each budgetary entity which intends to implement a new public investment project, including a public private partnership project by fifteenth day of May in any year shall submit the project proposal including prescribed details to the Department responsible for the subject of national planning.

(3)

The Department responsible for the subject of national planning shall –

(a)

review project proposals including prefeasibility and feasibility study reports submitted by budgetary entities in accordance with the appraisal methodologies as may be prescribed;

(b)

accept or reject the project proposals to be included in public investment programme based on its appraisal of project proposals and subject to its consistency with national development plan of Sri

Lanka and the fiscal strategy statement including the medium-term fiscal framework.

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