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

Eminent business leaders bestowed with Lifetime Achievement Awards by SLID-ACCA

Mahendra Amarasuriya Ken Balendra (award accepted by Krishan Balendra) Sohli Captain Rohini...

Waste Crisis Meets Opportunity: Can Korean Aid Shift Sri Lanka?

Sri Lanka’s municipal waste management crisis has quietly grown...

Local Investors Power Equity Growth amid Foreign Capital Absence

Sri Lanka’s equity market is entering 2026 on an...

Cyclone Impact “Moderate”? Data Reveals Deeper Economic Fault Lines

Sri Lanka’s corporate leadership has sought to reassure investors...