Finance Ministry prepared to fund Presidential Poll costs

Date:

July 29, Colombo (LNW): The Election Commission has submitted a preliminary budget of approximately Rs. 08 billion to the Treasury for the upcoming Presidential Election, Finance State Minister Ranjith Siyambalapitiya disclosed.

He assured that if the costs exceed this amount, additional funding will be provided as needed.

The Minister also noted that the previous budget allocated Rs. 10 billion for election-related expenses, with financial arrangements carefully managed to avoid any cash flow issues.

The Treasury stands ready to release funds for urgent needs such as printing, security, and ballot box preparation.

Should the number of candidates increase and the costs rise, there are sufficient resources available to cover the additional expenses.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka’s Fintech Drive Risks Stalling amid Policy Delays

Sri Lanka’s Fintech Drive Risks Stalling amid Policy Delays

United Petroleum’s Exit Threatens Sri Lanka’s Fuel Market Credibility

United Petroleum’s Exit Threatens Sri Lanka’s Fuel Market Credibility

BIA Modernization Resumes amid NPP’s Anti-Corruption Crackdowns

BIA Modernization Resumes amid NPP’s Anti-Corruption Crackdowns

Calls Mount for International Investigation into 1983 Welikada Prison Massacre

Calls Mount for International Investigation into 1983 Welikada Prison Massacre