COLOMBO (NewsRadio); President Ranil Wickremesinghe has instructed all Cabinet Ministries to reduce expenses by five percent this year.
During yesterday’s weekly Cabinet meeting, President Wickremesinghe instructed all Ministries to reduce the expenditure by five percent from the estimated allocations made through the 2023 Budget.
Speaking during a media briefing at the Department of Government Information this morning, Cabinet Spokesman Minister Bandula Gunawardena said the President announced that due to last year’s default, Sri Lanka is facing difficulties to source funds to even pay salaries of state sector workers and pension payments.
The Head of State said accordingly, expenses of all Ministries must be reduced by at least five percent.
Minister Gunawardena said capital expenditure of Ministries will be slashed to accommodate the request.
