The Committee on Public Finance (CoPF) has approved the Appropriation Bill for the fiscal year 2024.
Approval was given during a meeting of COPF members convened at the parliamentary complex on Thursday (Nov. 09) under the chairmanship of MP Dr. Harsha de Silva.
Appropriation Bill 2024 is scheduled to be presented to the parliament on Monday (Nov. 13) by President Ranil Wickremesinghe in his capacity as the Minister of Finance.
The COPF chairman pointed out that although budget proposals are presented under every government, only a sparse number of them are implemented, he said, further adding that this sets a bad precedent. Thus, the CoPF Chairman emphasised the importance of conducting a follow-up of the budget to make sure that the proposals are implemented properly.