Financial crisis: Funding for Basil’s projects to be stopped

8 June 2022 04:05 am Views - {{hitsCtrl.values.hits}} 10 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The cabinet has decided to differ or fully stop funding of a number of mega development projects proposed by former Finance Minister Basil Rajapaksa in his budget 2022 owing to the current financial crisis, Cabinet spokesman and Transport and Highways Minister Bandula Gunawardana said yesterday.

Minister Gunawardana told the post-cabinet news briefing yesterday that Prime Minister and Finance, Economic Stabilisation and National Policies Minister Ranil Wickremesinghe has proposed and got the approval from the cabinet to divert capital funds allocated to development projects for recurrent expenditure and welfare programmes of the government in 2022 and 2023.

“The decision was taken to meet the financial requirements maintain market stabilisation, public welfare and also to pay salaries and pension to public servants and other highly essential and unavoidable government expenses following the dollar crunch,” Minister Gunawardana added.

The government has decided to introduce an amendment bill in Parliament to replace the Appropriation Act No. 30 of 2021 for the purpose, he noted.

The government will closely monitor the performance of state-owned commercial enterprises, ministries and departments to ensure there will be no waste, misappropriations or unnecessary expenditure in them. (Sandun A. Jayasekera)

Comments - 10

Roy Wednesday, 08 June 2022 09:59 AM

Trying to lock the stable after the horse has been stolen. Anyhow better late than never.

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Banda Wednesday, 08 June 2022 11:07 AM

Start auditing all the projects Basil has been associated with since MR came to governance.

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God disposes Wednesday, 08 June 2022 11:13 AM

Good decision. Basil knows the benefits of the developments for his family. 10% for each Rajapakshas.

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thayanesan karnan Wednesday, 08 June 2022 11:43 AM

are there any funds left now??

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Hubert Congreve Wednesday, 08 June 2022 11:59 AM

No more Basil he is almost dead, why worry about his projects, no need Bandula how could a dead body's projects could be implemented.

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Sulthan Beema Wednesday, 08 June 2022 12:02 PM

Please don't try to dig the garbage its already burnt, talk about the plans to solve the on going crisis and work out on that, if you can't do do step down Bandula along with Gota and Ranil.

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Mahesh Wednesday, 08 June 2022 12:38 PM

Not suprising from a Ranil who made a paddy store out of MRI airport.

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sas Wednesday, 08 June 2022 12:46 PM

There are plenty of government departments which are utterly inefficient and wasting resources. Government must monitor all departments closely.

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Mano Wednesday, 08 June 2022 02:14 PM

Ranil now people do not trust you right around the world.

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Aminland Thursday, 09 June 2022 07:39 AM

But the funds are already deposited in Uganda or some place else!!!

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