The Parliamentary Committee on Public Finance (COPF)  has granted its approval for the Appropriation Bill for the year 2026.

This approval was given during a committee meeting held in Parliament yesterday (23) under the chairmanship of Opposition MP Harsha de Silva.

Officials from the Ministry of Finance, who attended the meeting, briefed the Committee on the allocation of funds for various sectors and the targets set for the year 2026. 

After an extensive discussion on these matters, the Committee granted its approval for the Bill

The Appropriation Bill for the year 2026 is scheduled to be presented to Parliament for the second reading (Budget Speech) by the President, in his capacity as the Minister of Finance, on the 7th of November. (Newswire)

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Cabinet approval has been granted to publish the draft Appropriation Bill for the 2026 financial year in the Government Gazette and present it to Parliament for approval. 

According to the government, the Attorney General’s clearance has been received in this regard.

As such, the proposal presented by the President, in his capacity as the Minister of Finance, on the draft Appropriation Bill has received a Cabinet nod. (Newswire)

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The Appropriation Bill to allocate funds for government expenditure for the 2025 financial year was presented to Parliament today. 

Prime Minister Harini Amarasuriya presented the Appropriation Bill to Parliament this morning, for its first reading. 

According to the Parliament, the second reading of the draft bill will take place on 17 February 2025, with the debate scheduled from 18-25 February. The vote on the second reading is scheduled for the evening of 25th February.

Thereafter, the Committee Stage Debate, also known as the Third Reading Debate, will take place from 27 February to 21 March, with the third reading vote scheduled for the evening of March 21.

Gazette: Appropriation Bill (E)-20250102-eng (Newswire)

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Cabinet approval has been granted to publish the Draft Appropriation Bill for the 2025 Financial Year In the Government Gazette and present it to Parliament for approval.

The government states the Attorney General’s clearance has been received for the Draft Appropriation Bill for the 2025 Financial Year.

As such, the proposal presented by the President, in his capacity as the Minister of Finance, has received Cabinet approval. (Newswire)

The post Draft Appropriation Bill for 2025 : Cabinet decision appeared first on Newswire.