President Unveils Interim Budget 2022

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President Ranil Wickremesinghe delivered the inaugural speech of the Second Reading of the Interim Budget (Appropriation (Amendment)) Bill to amend the Appropriation Act No. 30 of 2021) in Parliament yesterday (30).

 Parliament was convened at 1.00 p.m. and adjourned after the President’s speech.

The debate on the Second Reading of the Bill will be held today (31) and tomorrow (1 September) from 9.30 a.m. to 5.30 p.m.

On 2 September, the Bill will be debated from 9.30 a.m. to 4.30 p.m., following which the Bill is scheduled to be passed after the Committee Stage and the Third Reading.

The Appropriation Bill 2021, presented by the former Finance Minister Basil Rajapaksa, was passed in Parliament for the Fiscal Year 2022. Accordingly, the Appropriation Bill was endorsed and certified as an Act on 10 December, 2021 and was herein called the Appropriation Act No. 30 of 2021.

After Wickremesinghe assumed the office of the President, Parliament was prorogued on 28 July and the third session of the Ninth Parliament was declared open on 3 August. Accordingly, the incumbent President, while presenting his government’s policy statement, stated that he will present a new budget.

As a result, this Appropriation Bill for the remainder of the 2022 Fiscal Year, of a new government, is presented to Parliament as an amendment to the previously presented Appropriation Bill.

Prime Minister Dinesh  Gunawardena, on behalf of the Minister of Finance, presented the Appropriation (Amendment) Bill to amend the Appropriation Act No. 30 of 2021 to Parliament for the First Reading on 9.