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Budget 2025 to be postponed

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The government has decided to postpone the presentation of the 2025 budget proposals. Although a budget for 2025 was initially scheduled to be presented in November this year, the upcoming parliamentary General Election has led to its postponement.

As a result, the newly formed government will first present a vote on account to cover the expenses for the first four months of 2025, followed by the full national budget for the year.

After the General Election, scheduled for November 14, the new government must officially gazette ministries and the relevant institutions. Following this, they will need to prepare estimates of expenses, development proposals, and revenue collection strategies for the upcoming year.

Due to the limited time available for these tasks, the government will first focus on submitting a vote on account for the initial four months of 2025, government sources said.

This Interim Bill will ensure that essential expenses and day-to-day operations of the government are funded and approved by Parliament during the first quarter of 2025.

After this, the Ministries and their functions will be systematically allocated and gazetted based on a scientific foundation. Once these arrangements are in place, the full national budget for 2025 will be presented. Finance Ministry sources indicate that the government will expedite the process of presenting the complete 2025 budget as soon as possible.

(Dailynews.lk)

(This story, originally published by Dailynews.lk has not been edited by SLM staff)

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CoI on Deshabandu concludes examining evidence by both parties

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The examination of evidence by both the Respondent and the Prosecution before the Committee of Inquiry concluded.

The Committee recommends that both parties submit their written submissions to the Committee of Inquiry before 3:30 p.m. on the 8th of July.

Examining evidence before the Committee of Inquiry to inquire and report its findings on IGP T.M.W. Deshabandu Tennakoon in respect of acts of gross abuse of power, concluded yesterday (July 01), with the presentation of evidence by both the Respondent, representing Inspector General of Police Deshabandu Tennakoon and the Prosecution.

The Committee of Inquiry, chaired by Supreme Court Judge P.P. Surasena and comprising Justice W.M.N.P. Iddawala and E.W.M. Lalith Ekanayake, Chairman, National Police Commission, convened today, during which, testimonies were obtained from two additional witnesses by the Prosecution.

These two witnesses had been overseas on official duty. Thus, in accordance with the prior agreement between the two parties, reached to obtain the evidence post June 26, held before the Committee of Inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and 

Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, it was decided to record the statements of these two witnesses today.Furthermore, both the Prosecution in representation of the Attorney General’s Department and the Respondent Inspector General of Police agreed to submit their respective written submissions to the Committee of Inquiry before 3:30 p.m. on July 08, 2025.

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Govt to present 2026 Appropriation Bill in October

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Cabinet approval has been granted to a proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance , Planning and Economic Development to present the Appropriation Bill for the year 2026 to Parliament in October 2025.

Approval has also been granted to present the Budget speech in November 2025 and to hold the third reading and budget debate during November and December.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (July 01).

The decisions taken by the Cabinet of Ministers are as follows :

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