The 2025 Budget proposal will be presented to the Parliament on January 09, 2025, Cabinet Spokesman – Minister Dr. Nalinda Jayatissa has said.
Speaking during the Cabinet briefing this morning (Nov. 26), the Minister stated that the 2nd reading of the 2025 Budget will take place on February 17, while the debate on the 3rd reading will be held from Feb. 27 – March 21.
Meanwhile, the Cabinet of Ministers has also granted approval to prepare an Interim Vote on Account for the first 04 months of the year 2025, including government recurrent and capital expenditure, public debt servicing and debt restructuring expenses.
Dr. Jayatissa said that the decision was taken in view of the insufficient time to follow the statutory steps required to pass the Appropriation Bill for the year 2025.
Therefore, as provided for in Section 23(1) of the Public Finance Management Act, No. 44 of 2024, an Interim Vote on Account will be presented to Parliament for the allocation of funds required for the maintenance of ongoing projects and public services for the first 04 months of the year 2025.
The relevant parliamentary debate will be held on December 5 and 6, according to the Cabinet Spokesman.
