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Annual Warrant for state expenditure to be made Quarterly Warrant

Delivering his inaugural finances speech as we speak, Finance Minister Basil Rajapaksa proposed to make the annual warrant for state expenditure a quarterly warrant.

Minister Rajapaksa commenced the Second Studying of the Appropriation Invoice (Price range Speech) for the fiscal yr 2022 this afternoon.

This budgetary proposal expects to encourage state establishments to preplan their procurements, salaries, allowances, loans providers and upkeep expenditures for establishing monetary self-discipline, the finance minister added.

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