Government faces additional financial burden for snap election: Sources

Date:

March 19, Colombo (LNW): The government faces an additional financial burden of Rs.11 billion should a snap parliamentary election be declared before the constitutionally mandated Presidential Election, a report by Daily Mirror disclosed.

This expenditure would be on top of the already allocated over Rs.10 billion in the 2024 budget to the Election Commission for the upcoming Presidential Election.

A spokesperson for the Election Commission confirmed that no funds were earmarked in the current budget for a General Election, as one is not slated for this year.

However, President Ranil Wickremesinghe retains the authority to dissolve Parliament at his discretion, potentially prompting a snap general election.

In such a scenario, he holds the power to allocate funds from the Consolidated Fund to facilitate the election.

As per the Constitution, the President has the prerogative to dissolve Parliament and set a date for a general election.

If Parliament has not already provided for such expenses, the President, after consulting with the election authorities, can authorise allocations from the Consolidated Fund for the necessary expenditure, according to report.

Presently, the Sri Lanka Podujana Peramuna (SLPP), which provides parliamentary support to the President’s administration, advocates for a general election.

Conversely, the United National Party (UNP), led by the President, contends that holding a general election at this juncture would be ill-advised.

Share post:

spot_imgspot_img

Popular

More like this
Related

Blue Orbit: “Enter the Orbit: A Curated Culinary Escape Awaits”

Colombo, Sri Lanka – Blue Orbit by Citrus, located within...

Rainco Redefines Umbrellas as a Lifestyle Statement with the Launch of ‘Be by Rainco’

Colombo, Sri Lanka – - Rainco, Sri Lanka’s trusted...

Fitch Flags Sri Lanka Debt Risks despite Budget Improvements

Fitch Ratings has sounded a cautionary note on Sri...

Asbury’s GK Takeover Signals Renewed Interest in Sri Lankan Graphite

AMG Critical Materials N.V. (AMG) has announced the sale...