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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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Bill to scrap MPs’ pensions, to be tabled in Parliament in July

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The government has decided to present a bill to abolish pensions for Members of Parliament at the upcoming Cabinet meeting.

Minister of Public Security and Parliamentary Affairs, Ananda Wijepala, stated that the bill has been finalized by the Legal Draftsman and is scheduled to be tabled in Parliament next month.

In addition, the Minister announced that the issuance of vehicle licenses to MPs has also been suspended, as part of broader efforts to reduce public expenditure and restore trust in political accountability.

(dailynews.lk)

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

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Halloluwa further remanded

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Former Executive Director of the National Lotteries Board – Thusitha Halloluwa, was further remanded until June 13 by the Fort Chief Magistrate’s Court today (June 06).

Halloluwa remains in custody in connection with an ongoing case involving the alleged criminal misappropriation of government assets belonging to the National Lotteries Board.

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03 others granted bail over passport forgery linked to Kehelbaddara Padme

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Colombo Chief Magistrate Tanuja Lakmali today (06) ordered the release on bail of the Immigration and Emigration Controller and two photographers accused of assisting in the illegal preparation of a foreign passport for Kehel Baddara Padme, a notorious drug trafficker and underworld gang member currently based in Dubai.

Court granted bail to each suspect under two surety bonds of Rs. 1 million and imposed a travel ban, preventing them from leaving the country.

In addition, the Chief Magistrate ordered the two photographers to appear before the Criminal Investigation Department (CID) on June 13 to provide statements regarding the incident.

(dailymirror.lk)

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

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