Funding for a Local Government Elections would have to be raised by the way of issuing Treasury Bonds as funds have not been reserved for the polls, a senior Treasury official said.
He said that the Elections Commission has requested between Rs 10 to 11 billion for the conduct of the elections.
He said though the required sum would be around Rs 11 billion by issuing Treasury Bonds it would cost the government about Rs 14 billion as it would have to pay interest.
The opposition has expressed fears that the government will call for a postponement of the elections citing reasons lack of funds.
The Chairman Elections Commissioner is due to call for nominations this week, but has conceded that the government still could postpone elections after calling for nominations.
Several politicians of the government have said that holding elections at this time would disrupt the efforts of restoring normalcy and overcoming the economic crisis.
Chairman of the SLPP Prof G.L. peiris, however said it would be unfair to delay elections on the grounds that there was no money. He said it would be danagerous for democracy, if elections are delayed.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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