News

1st reading of the 2023 Appropriation Bill, tomorrow

Published

11 months ago

October 17, 2022

editor

The First Reading of the Appropriation Bill for the year 2023 is scheduled to be presented tomorrow. This was decided at the Committee on Parliamentary Business held previously (07) under the chairmanship of Speaker – Mahinda Yapa Abeywardana.

From Oct.18th – 21st, time is allotted from 9.30 am – 10.30 for Questions for Oral Answers.

It was decided to hold the debate on the Second Reading of the Petroleum Products (Special Provisions) (Amendment) Bill from 10.30 am – 5.00 pm on the 18th of October. Thereafter, time has been allotted from 5.00 pm – 5.30 pm for the Motion at the Adjournment Time brought in by the Government, the Secretary General said.

The Committee also decided to take into debate 6 Bills presented by the Ministry of Justice on October 19th from 10.30 am – 5.00 pm. Accordingly, Poisons, Opium and Dangerous Drugs’ (Amendment) Bill, Notaries Ordinance (Amendment) Bill, Powers of Attorney Ordinance (Amendment) Bill, Wills Ordinance (Amendment) Bill, Registration of Documents (Amendment) Bill, Prevention of Frauds Ordinance (Amendment) bill are scheduled to be taken up for debate.

From 5.00 pm – 5.30 pm time has been set aside for Questions at the Adjournment Time.

From 10.30 am – 5.00 pm on October 20th and 21st, the Second Reading debate on the 22nd Amendment to the Constitution Bill is scheduled to be held. Thereafter, time has been allotted from 5.00 pm – 5.30 pm for the Motion at the Adjournment Time brought in by the Opposition.

Furthermore, a vote is scheduled to be held at the end of the debate on the Second Reading on the 22nd Amendment to the Constitution Bill, which will be held on the 21st until 5:30 p.m.

News

Cabinet approves proposal to obtain USD 200mn from ADB

Published

3 mins ago

September 26, 2023

editor

The Cabinet has approved a proposal to obtain an amount of USD 200 million from the Asian Development Bank (ADB) subject to an annual interest rate of 2%.

Initial discussions between the ADB and the Sri Lankan Government were held to obtain two loan facilities worth USD 200 million each based on policies to implement two sub-programmes under the economic stabilization and reformation programme.

It has been proposed to implement accelerated reformations to enhance the conflict management framework and the stabilization in the finance sector under the first sub-programme while it has been proposed to develop an all-inclusive resistant finance system under the second sub-programme.

Accordingly, the proposal submitted by the President as the Minister of Finance, to enter into a loan agreement with the ADB to obtain USD 200 million with a repaying period of 25 years inclusive of a grace period of 05 years in relation to the first sub-programme, was approved by the Cabinet.