Colombo (LNW): In strict adherence to the budgetary provisions sanctioned by Parliament for the fiscal year 2023, the Treasury has successfully released the requisite funds to settle all duly certified invoices submitted by government agencies until December 15, 2023, Finance Ministry announced.
This notable development marks a distinctive occurrence, with the year 2023 standing as an exceptional milestone, representing the only instance within the past quarter-century where all authorised disbursements have been resolved within the confines of the fiscal year.
The Treasury has facilitated the expeditious release of funds allocated for the retirement gratuities of officers who retired between December 2022 and December 19, 2023.
This comprehensive initiative encompasses the resolution of outstanding arrears related to retirement gratuities, spanning a period exceeding 18 months leading up to the aforementioned date.
