12.
| (1) The Mid-Year Fiscal Position Report in respect of a financial year shall contain
| | (a) a statement of the estimated and actual expenditure for the first four months of that year ; | | |
| | (b) a statement of the estimated and actual revenue for the first four months of that year; | | |
| | (c) a statement of the estimated and actual cash flows for the first four months of that year; | | |
| | (d) a statement of the estimated and actual borrowings for the first four months of that year ; and | | |
| | (e) such other statements which may be necessary to reflect fairly, the financial position of the Government, in respect of the first four months of such financial year. | | |
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| (2) Where there is a shortfall in the estimated revenue or cash flow, or an excess in the estimated expenditure or borrowings, the mid year fiscal position Report shall stale the reasons for such shortfall. |
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| (3) Subject to the provisions of subsection (4). the information contained in the Mid-Year Fiscal Position Report shall take into account, as far as possible, all government decisions and all other circumstances that may have a material effect on the fiscal position (including decisions taken and circumstance that exist, after the passing of the Appropriation Act for that year). |
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| (4) Nothing contained in this section shall be read and construed as requiring the inclusion in the Mid-Year Fiscal Position Report, the disclosure of any information, which: the written opinion of the Minister, will
| | (a) be prejudicial to national security ; | | |
| | (b) compromise Sri Lanka in a material way in negotiation, litigation or commercial activity. | | |
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| (5) Where any information on any matter required to be included in a Mid-Year Fiscal Position Report remains unchanged from the information in relation to such matter as is included in the last Budget Economic and Fiscal Position Report, the Mid-Year Fiscal Position Report shall state that such information remains so unchanged. |
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Sri Lanka Consolidated Acts