Cabinet Decision on 04.07.2022

Normal livelihoods have been affected due to exchange rate depreciation, rising inflation and
shortage of essential commodities like fuel, gas and electricity. Also, it has affected the sectors like
agriculture, transportation, industries and exports and has made people's life in a very uncomfortable
situation. Based on this situation, the Cabinet l of Ministers, at the meeting held on June 6, 2022 has
approved to present a new budget for the year 2022. taking into account all the relevant facts the
Cabinet of Ministers approved the proposal presented by Hon. Prime Minister in his capacity as the
Minister of Finance, Economic Stability and National policies to revise the budget estimates adopted
by Appropriation Act No. 30 of 2021 for the year 2022 and to submit the bill prepared by the legal
draftsman and cleared by the Attorney General, after publication in the Government Gazette, to the
parliament for approval.