Decisions of the Cabinet of Ministers taken at the meeting held on 31.10.2022
01. Annual General Meeting of the Asian Development Bank
The Cabinet of Ministers took into consideration the main point emphasized in the speech delivered as the chair at the business session of the summit as the representative to Sri Lanka in the governing board of the Asian Development Bank when the Hon. President participated in the 55th annual general meeting of the Asian Development Bank held in Manila, Philippines on 29.09.2022 as the Minister of Finance, Economic Stabilization and National Policies as well as the bi – lateral discussions took place with the Chairman of the Asian Development Bank, the Finance Minister of Japan and the president of the Republic of Philippines.
02. Restructuring of Sri Lankan Airlines Company Limited and its subsidiary companies
It has been recognized that Sri Lankan Airlines Company Limited as well as its subsidiary companies are needed to be restructured by handing over a considerable amount of shares and the management of the entity of Sri Lankan Airlines Company Limited to investors selected through a transparent procurement process. Accordingly, considering the resolutions furnished by the Minister of Ports, Shipping and Aviation, the Cabinet of Ministers took the decision to hand over the responsibility of studying the methodology of restructuring Sri Lankan Airlines Company Limited and making recommendations to the Cabinet of Ministers to State – owned Enterprises Restructuring Unit established under the Ministry of Finance, Economic Stabilization and National Policies
03. Draft bill of Rathanathissa Saama Padanama (Rathanathissa Peace Foundation) (Incorporated)
The draft bill of Rathanathissa Saama Padanama (Rathanathissa Peace Foundation) (Incorporated) in which Rev. Eriyawe Rathanathissa Thero, Chief Incumbant of Sri Waapikarama, Paalukadawala, Galgamuwa holds the post of Executive Director, has been submitted to the Parliament as a private proposal of a member of Parliament by Hon U. K. Sumith Udukumbura, Parliamentarian of Kurunegala district. In terms of the provisions of the standing order 52 (06) of the Parliament, the said draft bill has been referred to the Minister of Education by the subject Minister for obtaining a report on that. Concurrence of the Attorney General has been granted to the bill drafted by the Legal Draftsman. Accordingly, the approval of the Cabinet of Ministers was granted to for the proposal furnished by the Minister of Education to submit a report to the Parliament recommending the said draft bill.
04. Recommendations submitted to the Hon. President by the Finance Commission in relation to the year 2023.
The recommendations for the financial year 2023 have been submitted to the Hon. President by the Finance Commission in terms of the provisions of the Constitution of Sri Lanka. Accordingly, considering the proposals furnished by the Hon. President, the Cabinet of Ministers granted approval to take appropriate measures to implement the prescribed recommendations forwarded by the Finance Commission and to submit the said recommendations to the Parliament in terms of Article 154 R (7) of the Constitution.
05. Bill for the Revision of Approved Borrowing Limit for the year 2022
On 17.10.2022, the Cabinet has approved the preparation of a bill to revise the approved borrowing limit for the year 2022 . Attorney General’s clearance has been received for the bill prepared accordingly by the Legal Draftsman. As such, the proposal presented by the President hi his capacity as the Minister of Finance , Economic Stability and National policies to publish the said Bill in the Government Gazette and thereafter present the same in Parliament, for approval, was approved by the Cabinet.
06. Submission of the Regulations published in the gazette to Parliament for Approval
The proposal presented by the Hone. President hi his capacity as the Minister of Finance , Economic Stability and National policies to present the following regulations published in the Govt .Gazette in Parliament, for approval, was approved by the Cabinet.
I. 5 Gazette Notifications containing Regulations issued under Sections 2 and 5 of the Special Commodity Levy Act, No. 48 of 2007.
II. 2 Gazette Notifications containing Regulations issued under Sections 2 of the Revenue Protection Act No. 19 of 1962
III. 2 Gazette Notifications containing Regulations issued under Sections 14 of the Sri Lanka Export Development Act. No 40 of 1979.
IV. 2 Gazette Notifications containing Regulations issued under section 3 of the Ports and Airports Development Levy Act, No. 18 of 2011
V. 01 gazette Notification containing Regulations issued under section 2 (a) of the Value Added Tax Act No. 06 of 2005
07. Budget Debate Program -2023
The following program proposed for the budget debate related to the financial year 2023 was presented by the Honorable Prime Minister for the approval of the Council of Ministers. The program received the consent of the Cabinet of Ministers.
• Budget Speech (Second Reading of the Appropriation Bill): 14.11.2022
• Budget Second Reading Debate: From 15.11.20 to 22.11.2022 (07 days)
• Budget Committee Stage Debate: From 23.11.2022 to 08.12.2022
• Budget Voting : 08.12.2022
08. Restrictions on foreign travels for Ministers, State Ministers, and Government Side MPs on sitting days of parliament and during the budget debate
The Cabinet of Ministers approved the Prime Minister’s proposal that ministers should not travel abroad during sitting days of parliament and during the budget debate except in case of urgent medical needs or very urgent work of the government, except in case of urgent medical needs or very urgent work of the government.