Welcome to Roar Media's archive of content published from 2014 to 2023. As of 2024, Roar Media has ceased editorial operations and will no longer publish new content on this website.
The company has transitioned to a content production studio, offering creative solutions for brands and agencies.
To learn more about this transition, read our latest announcement here. To visit the new Roar Media website, click here.

The Consolidated Fund, And Everything You Need To Know About It

With Sri Lanka’s Parliament dissolved, there is a debate raging on the legality of drawing funds from the Consolidated Fund to pay for key public expenses. Chapter XVII of Sri Lanka’s Constitution specifies that Parliament must oversee Sri Lanka’s public finances. However, the extraordinary situation Sri Lanka found itself in when it was forced to postpone scheduled Parliamentary elections to deal with the unexpected COVID19 pandemic has resulted in the Consolidated Fund being used without constitutionally mandated Parliamentary oversight. While the debate remains unresolved, we thought we’ll write a quick explainer on what the Consolidated Fund is.

article

End of Articles

No More Articles to Load