Press briefing of Cabinet Decision taken on 2022-08-01

Expenditure Management of Public Corporations, Statutory Boards and Government Owned Companies

- The operational efficiency and the financial discipline of the Government Owned Enterprises have to be strictly ensured enabling to cope with the challenging environment prevailed in the country. Accordingly, approval of the Cabinet was granted for the proposal made by H.E the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies, to issue circular instructions to ensure expenditure management and business stability of the Public Corporations, Statutory Boards and Government Owned Companies in parallel with the National Budget Circular No.03/2022 dated 2022‑04‑26 issued pertaining to the public expenditure management.