The Appropriation Bill to provide service for the financial year 2022, to authorize the raising of loans in or outside Sri Lanka and to enable the payment, by way of advances out of the consolidated fund or any other fund or money, was published in the Gazette on September 29, 2021.

Accordingly, approval will be sought for recurrent and capital expenditure related to the expenditure of the Government estimated to be rupees two thousand five hundred five billion three hundred forty-six million five hundred fifty-eight thousand for the service of the period beginning on January 1, 2022 and ending on December31, 2022.
Accordingly, the first reading of the Bill took place today whilst the second reading, also referred to as the presentation of the Budget speech by the Hon. Minister of Finance, the Second and Third Readings, including the dates of the Parliament debates and Elections will be decided at the forthcoming committee meetings of the
Committee on Parliamentary Business.
According to Chapter xvii of the Constitution, Parliament has full control over public finances and must seek the approval of the House on matters including taxation,
consolidated fund or any other fund or money.
According to the Standing Orders of Parliament, not more than 26 days are allotted for consideration of the Appropriation Bill. Accordingly, no more than 07 days will be allotted for the second reading.