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The Constitution of the Democratic Socialist Republic of Sri Lanka
CHAPTER XVII
FINANCE
Control of
Parliament over
public finance
148. Parliament shall have full control over public
finance. No tax, rate or any other levy shall be imposed by
any local authority or any other public authority, except by or
under the authority of a law passed by Parliament or of any
existing law.
Consolidated Fund
149. (1) The funds of the Republic not allocated by law to
specific purposes shall form one Consolidated Fund into which
shall be paid the produce of all taxes, imposts, rates and duties
and all other revenues and receipts of the Republic not allocated
to specific purposes.
(2) The interest on the public debt, sinking fund
payments, the costs, charges and expenses incidental to the
collection, management and receipt of the Consolidated Fund
and such other expenditure as Parliament may determine shall
be charged on the Consolidated Fund.
Withdrawal of
sums from
Consolidated Fund
150. (1) Save as otherwise expressly provided in
paragraphs (3) and (4) of this Article, no sum shall be
withdrawn from the Consolidated Fund except under the
authority of a warrant under the hand of the Minister in charge of
the subject of Finance.
(2) No such warrant shall be issued unless the sum
has by resolution of Parliament or by any law been granted for
specified public services for the financial year during which the
withdrawal is to take place or is otherwise lawfully, charged on
the Consolidated Fund.
(3) Where the President dissolves Parliament before the
Appropriation Bill for the financial year has passed into law,
he may, unless Parliament shall have already made provision,
authorize the issue from the Consolidated Fund and the
expenditure of such sums as he may consider necessary for the
public services until the expiry of a period of three months from
the date on which the new Parliament is summoned to meet.
(4) Where the President dissolves Parliament and fixes
a date or dates for a General Election the President may, unless
Parliament has already made provision in that behalf, authorize
the issue from the Consolidated Fund and the expenditure of
such sums as he may, after consultation with the Commissioner
of Elections, consider necessary for such elections.
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