Connect with us

News

Public Finance Committee informed by Treasury 74 percent of 2020 govt revenue already collected

Published

on

by Saman Indrajith

It was revealed at the Committee on Public Finance that 74% of the 2020 fiscal revenue had been received so far and that amount was Rs 1,124 billion out of the expected total government revenue of Rs. 1,580 billion, according to a parliament statement.

The amount was revealed by the Secretary to the Ministry of Finance and Treasury S. R. Attygalle in response to a question raised by the Chairman of this committee Parliamentarian Anura Priyadarshana Yapa regarding the government revenue for the year 2020.

The Committee on Public Finance met in Parliament on Thursday (26) under the chairmanship of the Parliamentarian Anura Priyadarshana Yapa and Members of the Committee State Minister Susil Premajayantha and Members of Parliament M.A. Sumanthiran, Dr. Harsha de Silva, Dilan Perera, Anupa Pasqual and Sahan Pradeep were present at the meeting.

The Committee met to review the allocation of funds within six weeks of the presentation of the Budget in accordance with Standing Order 121 and to submit a report to Parliament on the estimation.

Dr. Harsha de Silva pointed out that it was very important that all data related to the budget should be extremely accurate as it would have a severe impact on the future economic situation of the country, both locally and internationally.

When Committee Chairman Anura Priyadarshana Yapa asked the Secretary to the Ministry of Finance and the Treasury whether there could be any positive expectations regarding the revenue for the year 2020 and, the latter noted that while the economic downturn in the first quarter of the year was real, expectations for the second and third quarters were very positive.

Members of the Committee on Public Finance, State Minister Susil Premajayantha and MPs M.A. Sumanthiran, Dr. Harsha de Silva, Dilan Perera and Anupa Pasqual, said that if the data were correct, the country’s economy would be in a good shape. All the committee members attended also agreed to present the second report on the budget in the future.

Chairman Yapa informed the committee that Parliamentarians Hesha Withanage and Chaminda Wijesiri had resigned from it.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Navy intercept multi-day fishing trawler carrying 200kg of narcotics

Published

on

By

It has been reported that the Sri Lanka Navy has intercepted a multi-day fishing trawler carrying around 200kg of narcotics suspected to be heroin and crystal methamphetamine (‘Ice’) off the southern coast of the island.

The boat and crew  were to be brought to the Galle Harbour,

Continue Reading

Latest News

Advisory for Severe Lightning issued to Western, Southern, Sabaragamuwa, Northern and North-western provinces and in Monaragala district today (12)

Published

on

By

Advisory for Severe Lightning issued by the natural hazards early warning center at 01.30 p.m. to 11.30 p.m. on 12 April 2024

Thundershowers accompanied by severe lightning are likely to occur at several places in Western, Southern, Sabaragamuwa, Northern and North-western provinces and in Monaragala district.

There may be temporary localized strong winds during thundershowers.

General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED:

The Department of Meteorology advises that people should:
• Seek shelter, preferably indoors and never under trees.

• Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.

• Avoid using wired telephones and connected electric appliances during thunderstorms.

• Avoid using open vehicles, such as bicycles, tractors and boats etc.

• Beware of fallen trees and power lines.

• For emergency assistance contact the local disaster management authorities.
Color

Continue Reading

News

Rear Admiral Princely Liyanage (Retd) sets Serendib World Record climbing Adam’s Peak in record time

Published

on

By

Rear Admiral Princely Liyanage (Retd) of the Sri Lanka Navy achieved a remarkable feat, setting a Serendib World Record for climbing Adam’s Peak (Sri Pada) in an impressive time of 23 hours and 46 minutes, using four different routes  (Nallathanniya, Erathna, Palabaddala, and Malingboda.)  as well as becoming the first person to complete the most ascents of Adam’s Peak within 24 hours.

He began his quest to set this record on 08th April, starting from the Nallathanniya Sri Pada entrance at 3:00 a.m all the way to the peak. His journey continued with climbs up and down the Erathna, Palabaddala, and Malingboda routes, ultimately concluding with the challenging trek from Adam’s Peak to Nallathanniya.

The Serendib World Records Committee officially acknowledged Rear Admiral Princely Liyanage’s (Retd) achievement and awarded him the Serendib World Record certificate on 09th April.

(Navy Media)

Continue Reading

Trending