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Legal draftsman instructed to draft Financial Commission Act

 

The Cabinet of Ministers approved President Maithripala Sirisena’s proposal to instruct the legal draftsman's department to draft the Financial Commission Bill.

The proposed Financial Commission will be appointed to make recommendations to the President on the principles: in which funds are granted annually by the Government to the Provinces; the amounts are apportioned between various Provinces and any other matter referred to the Commission by the President relating to Provincial finance.

It was also proposed that the bill be prepared with recommendations made by the Sub Committee appointed to study this matter.