Business · Sri Lanka Bureau
Finance Commission submits resource allocation recommendations for provincial councils
Sri Lanka's Finance Commission has submitted its recommendations for financial resources required by provincial councils established under the 13th Amendment. The submission outlines principles for allocating grants to provincial administrations across the country.
LSN Sri Lanka ·
The Finance Commission has completed its statutory duty under Article 154 of the Constitution by forwarding its recommendations to relevant authorities regarding the financial requirements of provincial councils.
The recommendations address the resource needs of provincial councils that were established through the 13th Amendment to the Constitution, which devolved certain powers and responsibilities to provincial-level governance structures.
In accordance with constitutional provisions, the Commission has outlined the principles that should guide the distribution of grants among the provincial councils. These recommendations are intended to ensure equitable resource allocation while meeting the administrative and developmental needs of each province.
The Finance Commission's submission represents a key step in the budgetary and financial planning process for provincial governance, as the recommendations will inform decisions on inter-governmental fiscal transfers and resource distribution mechanisms.