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As enacted
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Part XI · Accounting and Reporting

51. Final budget position report

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

(1)

The Minister of Finance shall cause to be released to the public, in respect of each financial year, a final budget position report as a part of the annual report of the Ministry of the Minister of Finance to provide a basis for the public to evaluate the Government’s annual fiscal performance as against its fiscal strategy as set out in its statement for the relevant financial year.

(2)

The final budget position report in respect of a financial year shall contain -

(a)

a statement of the estimated and actual expenditure for that year;

(b)

a statement of the estimated and actual revenue for that year;

(c)

a statement of the estimated and actual cash flows for that year;

(d)

a statement of the estimated and actual borrowings for that year; and

(e)

such other statements which may be necessary to reflect fairly the financial position of the

Government at the end of such financial year.

(3)

Where there is a shortfall in the estimated revenue or cash flow or an excess in the estimated expenditure that caused deviation from the primary expenditure limit or an excess in the estimated borrowing, the final budget position report shall state the reasons for such shortfall or excess.

(4)

The final budget position report shall be published on the website of the Ministry of the Minister of Finance, not later than six months from the end of the financial year.

(5)

The Minister of Finance shall –

(a)

if Parliament is sitting on the date of the release of the final budget position report, cause a copy of such report to be tabled in Parliament within two weeks of the date of such release; or

(b)

if Parliament is not sitting on the date of the release of the final budget position report, cause a copy of such report to be tabled in Parliament within two weeks of the next sitting of Parliament.

(6)

The final budget position report for a financial year may be incorporated the budget economic and fiscal position report in respect of a financial year, which is introduced after the commencement of that financial year.

Read on from s 52

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