How Will Sri Lanka Fund The Parliamentary Election?

COLOMBO (News 1st); The 9th Parliament of Sri Lanka has been officially dissolved, as per the Extraordinary Gazette Notification No. 2403/13 dated September 24, 2024.

The general election is scheduled to take place on November 14, 2024. However, the budget allocations for 2024 did not include provisions for conducting this election.

Invoking the powers granted under Article 150(4) of the Constitution of the Democratic Republic of Sri Lanka, the President has authorized the release of Rs. 5 billion from the Consolidated Fund to cover the election expenses for 2024. This decision has received the approval of the Cabinet of Ministers.

Additionally, the Cabinet has approved the allocation of Rs. 6 billion for election-related expenses to be settled in 2025. 

These funds will be provided through the Vote on Account, which is expected to be submitted to Parliament for the year 2025.