The forthcoming presidential election during the end of this year and the possibility of holding several elections during the early part of 2020 has resulted in the Cabinet of Ministers deciding yesterday (13) to present a supplementary estimate to parliament to make allocations for funds required for the first few months of 2020 without the presentation of a budget proposal for next year.
The Cabinet has yesterday granted approval to the Cabinet paper submitted by Finance Minister Mangala Samaraweera on the matter.
Therefore, there will not be a presentation of budget proposals for 2020 during the end of this year.
Instead, the supplementary estimate will be presented to parliament around mid November.
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