CoPF endorses Rs. 50 b supplementary allocation for disaster relief

Funding to come from Consolidated Fund, other State-held finances, or loans secured at discretion of Govt. for use this year CoPF also approves regulations issued under Section 71 of Value Added Tax Act Clears NMRA regulations, reviews 2026 Audit workload

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THE Committee on Public Finance (CoPF), chaired by MP Dr. Harsha de Silva in a special sitting held on 5 December, considered a resolution to allocate up to Rs. 50 billion through a supplementary estimate to support restoration efforts for communities affected by the recent emergency disaster situation.

The funds will be drawn from the Consolidated Fund or any other State-held finances, including loans secured at the discretion of the Government, for use within the 2025 financial year.

In the wake of the Ditwah-related natural disasters that pummelled the country, President Anura Kumara Dissanayake last week urged Parliament to convene before the official commencement in January 2026 to approve the Rs. 50 billion estimate for 2025. He also said the Government would submit another supplementary estimate for Rs. 500 billion in January to finance relief and recovery spending in 2026.