STATEMENT FROM THE MINISTRY OF LOCAL GOVERNMENT 02/08/2021 The Ministry of Local Government is in consultation with all Municipal Councils nationwide regarding Policy reforms and initiatives for the new fiscal year 2021-2022.
One of the major changes for the Councils is the change in the financial year, which will now be aligned with the Government’s fiscal year beginning from 1 August 2021 to 31 July 2022. This modification is by virtue of an amendment to the Local Government Act 1972. The change in financial year will align budget planning and financial reporting by the Councils with that of the Government, to ensure easier acquittal processes for projects and grants which is funded by the State.