Govt’s capital expenditure cut will affect projects: Bandula

19 June 2019 09:05 pm Views - {{hitsCtrl.values.hits}} 6 Bookmark

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Government’s decision to cut capital expenditure will affect the contractors who have already undertaken to implement various government projects, UPFA MP Bandula Gunawardane said today.

“We have heard that the government had decided to cut capital expenditure by 15% and we would like to know what the impact it would bring in. We have been made to understand that that contractors who have undertaken projects could be affected by this move,” Dr Gunawardene said.

He said the government is out to cut 15% of capital expenditure which has been approved by the House.

State Minister of Finance Eran Wickramaratne who responded said the cutting of capital expenditure will be cut in a way which will not affect the contractors in a negative manner.

MP Gunawardene then said a responsible person in the government should make a statement in the House with regard to the matter. (Yohan Perera and Ajith Siriwardana)

Comments - 6

Sarath Kaldera Thursday, 20 June 2019 06:20 AM

When expenditure is high you complain when reduced too you complain. It's not easy to satisfy you

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C.K.Lankaputhra Thursday, 20 June 2019 06:35 AM

No matter, 5 member family can live with Rs.7500.

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Jude Thursday, 20 June 2019 08:21 AM

Future governments should have unpaid member of parliament with a cap(limit) to reimburse EXPENSES !!! YEAH!!!

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Kumar Thursday, 20 June 2019 08:39 AM

I the government is truly cutting expenditure for unnecessary things will help the economy. I suppose deficit spending can't go on for ever. Every government has to borrow money because proposed revenues comes in dribs and drabs and has to raise capital to meet its obligations. If the economy go down the tube then get ready to pay higher interest or go round the with cap-in-hand.

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joshua Thursday, 20 June 2019 09:03 AM

so will you give money?

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Lord Wolfstein Thursday, 20 June 2019 10:05 AM

If there is no money, none can be spent

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