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Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
Featured Insight
Vote on Account 2025: Which ministries got the highest allocations?
On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year. The Ministry of Transport, Highways, Ports, and Civil Aviation has received the highest ministerial allocation of LKR 220 billion in the 2025 VOA, driven by significant capital expenditure amounting to LKR 203 billion. While in 2024, the largest allocation was for the Ministry of Finance, Economic Stabilisation, and National Policies receiving LKR 1,077 annually. The top 8 ministries in the 2025 VOA collectively accounted for 92% of the total ministerial allocation, with the Ministry of Public Administration, Provincial Councils, and Local Government receiving the second-highest allocation of LKR 196 billion. Other key ministries like the Ministry of Finance, Planning and Economic Development (LKR 186 billion) and the Ministry of Health and Mass Media (LKR 162 billion) also received relatively substantial funding.
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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
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Sri Lanka, with World Bank support, will restructure $800 million in water sector debt and access credit enhancement schemes to ensure transparent, affordable new water projects, aligning with SDG6, according to Minister Jeevan Thondaman.
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The country aims to complete its debt restructuring by June 2024 and proceed to the next round with the IMF board. Bondholders hav...
2024-05-21
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Govt. revenue in January surge 62% on economic turnaround, higher taxes
The revenue to the government, including the grants, rose by a staggering 61.8 percent in January 2024. This is a result of the government raking in billions of rupees out of people’s pockets to appease the International Monetary Fund’s rev...
2024-05-20
Daily Mirror
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