Management of expenditure of state corporations, statutory boards and Government-owned companies
The Cabinet approved circular instructions for the expenditure management and ensuring the sustainability of enterprises of state corporations, statutory boards and Government-owned companies, parallel to the National Budget Circular No. 03/2022 dated 26.04.2022 issued in regard to the control of government expenditure.
The monitoring efficiency as well as the financial discipline of state enterprises has to be ensured strictly with a view to enable confronting the challenging situation existing within the country at present. Accordingly, the Cabinet of Ministers has granted their concurrence to the proposal submitted by the President as the Minister of Finance, Economic Stability and National Policies in order.
Granting duty concessions on imports by local garment manufacturing equipment / appliances
The Cabinet granted approval giving duty concessions to appliances / items not manufactured locally and coming under 19 harmonised system (HS) codes; as a remedy to the prevailing situation.
The Cabinet Paper was submitted by the Minister of Industries. The textile industry is one of the main sectors earning foreign exchange even amid the Covid -19 pandemic. However, due to the price hike of raw materials and the prevailing unfavourable economic environment in the country, local manufacturers have been compelled to deal with a number of challenges when importing appliances.
Enactment of the Constitution of the – Sri Lanka UNESCO National Commission
The need to recognise and strengthen in Sri Lanka UNESCO National Commission has long been recognised. In accordance with the cabinet decision dated 14 June 2021, Legal Draftsman has prepared a bill for this purpose and the clearance of the Attorney General has also been received for this. Accordingly, the Cabinet of Ministers approved the proposal presented by the Minister of Education to publish this in the Govt. Gazette and consequently table in Parliament for approval.