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Wednesday 17 January 2018
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All Funds released to North expended. 10% not released by the Government: says the CM

All Funds released to North expended. 10% not released by the Government: says the CM

Only 90% of the funds allocated for development from local resources have been received by NPC. This amount has been expended completely. The balance 10% was not released by the Government. Several people are saying that the funds allocated for NPC had not been largely spent. It is wrong, said the NPC CM. C.V.Wigneswaran.

Last year Rs.6,013.48 Million was allocated to the NPC by the Central Treasury. But the total Imprest  released by the Colombo Treasury to NPC Treasury was Rs.5,399.20 Million. This is 90% of the total allocation. This amount of Rs.5,399.20 Million had been totally (100%) spent and 97 %  Physical Development had been achieved. Rs. 63 Million had to released by the Central Treasury. The Government completed the release of the al;located funds for 2016 in only August 2017.

Hence those people who monody that we have not spent the released allocation should ask the Central Government to release the allocated amount, he emphasized.


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