President instructs to strictly limit government spending

Date:

The President’s Secretary has issued a circular strictly limiting the government spending in a move to address the country’s economic situation, as instructed by President Ranil Wickremesinghe.

The circular has been forwarded to all ministerial secretaries.

The President’s circular also instructs all relevant bodies to comply with the circular previously issued by the General Treasury to limit government spending.

The President has expressly instructed that the hiring of new buildings for government offices or entering into new rental or lease agreements be suspended until further notice and that the approval of the Treasury must be obtained prior to extending agreements related to vehicle acquisitions for government purposes.

The President has also instructed that the use of paper be minimised as much as possible and instead electronic communication methods be used.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

AliExpress Suspends Budget Shipping to Sri Lanka Amid Customs Duty Reform

AliExpress, the global e-commerce platform owned by China’s Alibaba...

Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts

As Sri Lanka continues to grapple with its worst...

Japan Backs Sri Lanka’s Anti-Corruption Drive with $2.5M UNDP Project

In a significant boost to Sri Lanka’s efforts to...

Govt Unveils 5-Year Plan to Triple Digital Exports and Transform Economy

Sri Lanka has unveiled an ambitious five-year roadmap to...