Decentralized budget for each district from next year: President

President Ranil Wickremesinghe said a decentralized budget would be allocated for each district based on the available number of seats starting next year.

President Ranil Wickremesinghe said a decentralized budget would be allocated for each district based on the available number of seats starting next year.

"Starting from the next fiscal year, the districts will receive a decentralized budget based on the available number of seats. Additionally, the Upcountry program, aimed at supporting isolated mountain villages, has commenced, with each divisional secretariat receiving 10 million. Plans are in place to incrementally increase this support," he said.

"Financial allocations to provincial councils will contribute to the overall funding available to each district. Capital expenditure at the ministry level, along with foreign aid-supported projects, will be integrated into the funding structure. President Wickremesinghe highlighted that this comprehensive approach, combining resources from various channels, aims to commence the work by July 2024," he added.