Monday, November 28, 2022

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Cabinet approves submission of 2023 Appropriation Bill  to Parliament

The proposal submitted by President Ranil Wickremesinghe as the Minister of Finance, Economic Stabilization and National Policy to submit the Appropriation Bill for the financial year 2023 to the Parliament has been approved by the Cabinet.

The total recurring expenditure for the year 2023 is estimated at Rs 4634 billion and the total capital expenditure is estimated at Rs 3245 billion.

Accordingly, the Cabinet Spokesman, Minister Bandula Gunawardena stated that after consideration by the Cabinet, the draft bill prepared including the draft budget estimates for each budget was approved for submission to the Parliament.

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