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Treasury issues 2025 budget call with guidelines for fiscal framework

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Treasury Secretary on Monday issued the 2025 Budget Call with guidelines for the preparation of annual estimates as well as 2025–2027 Medium-Term Fiscal framework.

The Treasury Secretary in a letter to all secretaries to Ministries, Chief Secretaries of Provincial Councils, Heads of Departments, Chairpersons of State Corporations, University Grants Commission and Statutory Commission notified the Budget Call via a circular. The purpose of this circular is to provide necessary guidelines to spending agencies in preparation of expenditure estimates.

The Treasury said the 2025 Budget is expected to be prepared in line with the Public Financial Management Act No. 44 of 2024 (PFM Act) and the 2025–2027 Medium-Term Fiscal Framework (MTFF).

The 2025 Budget will be framed to ensure fiscal discipline and prudent fiscal management, whilst ensuring that adequate public funds are strategically deployed towards optimising efficiency and ensuring value for money.

(dailynews.lk)
(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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Batalanda commission report handed over to the AG

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The “Report of the Commission of Inquiry into the Establishment and Maintenance of Places of Unlawful Detention and Torture Chambers at the Batalanda Housing Scheme” which was recently tabled in Parliament, has been handed over to the Attorney General by the Presidential Secretariat following a directive from President Anura Kumara Disanayake.

The report, originally compiled over 25 years ago, was tabled in Parliament recently. The Government has taken a decision to take necessary action and as a result, actions have been initiated to hand over the report to the Attorney General’s Department today (29).

(President’s Media Division)

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Ex-SLTB Vice Chairman granted bail

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The former Vice Chairman of the Sri Lanka Transport Board (SLTB), L.A. Wimalaratne, who was arrested by the Criminal Investigation Department (CID) earlier today (April 29), has been released on bail.

He was arrested in connection with an investigation into a house in Kataragama, allegedly linked to the family of former President Mahinda Rajapaksa.

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Franchise agreements of Colombo Strikers & Jaffna Kings terminated

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Sri Lanka Cricket (SLC) in collaboration with the event rights holder of the Lanka Premier League (LPL) – the IPG Group, has officially announced that the franchise partnerships of the ‘Colombo Strikers’ and ‘Jaffna Kings’ have been terminated.

According to a statement issued today (April 28), the terminations were made due to the respective franchises’ failure to fulfill contractual obligations outlined in their agreements with the IPG Group, which were established at the commencement of their participation in the league.

Accordingly, the forthcoming edition of the Lanka Premier League will feature franchises representing Colombo and Jaffna under new ownership, the statement notes.

As the event rights holder, the IPG Group retains the exclusive rights over the LPL franchise teams and, accordingly, is vested with the authority to transfer and/or assign the ownership rights of the said franchises to interested parties.

Sri Lanka Cricket and The IPG Group remain committed to upholding the integrity, standards, and success of the Lanka Premier League and look forward to an exciting upcoming season with renewed participation.

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