• Last Update 2024-07-25 20:15:00

Public Financial Management & Economic Transformation Bills passed

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The Public Financial Management and Economic Transformation Bills were passed in Parliament today (25) with amendments and without a vote.

Amendments were added to the bills during the committee stage, and the third reading was then approved without a vote.

The government asserts that the two key bills are intended to strengthen the nation's economy.

According to State Minister of Finance Shehan Semasinghe, the “Economic Transformation Bill” and the “Public Financial Management Bill” are crafted to improve public financial management and protect against future economic downturns.

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