2024-07-17
News Categories : Committee News
The Public Financial Management (PFM) Bill was considered and approved by the Committee on Public Finance following a discussion at length on the particulars of the Bill. Accordingly, the Committee acknowledged and praised the efforts of the Ministry of Finance for their efforts in presenting such Bill which aims to establish a modern, transparent, and efficient PFM system fostering public trust, ensuring efficient resource allocation, and supporting sustainable economic growth.
The officials present stated that while the current Financial Regulations are indeed based on a legal framework, they have not been adequately adhered to. Consequently, due to lapses, inherent weaknesses, and transparency and accountability issues in current Public Financial Management practices, the Public Financial Management (PFM) Bill was drafted to establish financial discipline.
This Bill was considered and approved when the Committee on Public Finance met in Parliament recently (July 11) under the Chairmanship of the Hon. (Dr.) Harsha de Silva, Member of Parliament. Officials representing Attorney General’s Department, Ministry of Finance, the Central Bank of Sri Lanka were present at the Committee meeting held.
Addressing the existing public finance issues, this Bill sets provisions for enacting a law on Public Finance which helps consolidate Regulations scattered among several related sectors. Whilst acting as an overarching law, it also sets requirements for specific content on Fiscal Strategy Statement and Medium-Term Fiscal Framework (MTFF).
Furthermore, the Bill also sets provisions for a primary balance target as the medium-term fiscal anchor and a primary expenditure ceiling of the Government - not exceeding 13% of the nominal GDP.
However, the COPF members emphasized that the proposed 13% primary expenditure limit for Sri Lanka hinders the government's capacity to tax and spend in ways that promote growth, efficiency, and social welfare. Additionally, it positions Sri Lanka as the only country to set such a low GDP-based limit on primary expenditure. Chairman stressed that with this constraint, achieving the 10% growth rate necessary to become a high-income country by 2040 is unattainable.
Moreover, measures such as the preparation and publication of a Debt Sustainability Analysis annually, reduction of Guarantee limit - not exceeding 7.5 % of the average GDP, projects to be reviewed & recommended by a Public Investment Committee, etc have also been addressed by the said Bill.
The Committee questioned the officials present regarding the medium-term fiscal framework for the upcoming financial year and the next four years, included in the fiscal strategy statement which must include a primary balance target, a primary expenditure ceiling, fiscal aggregate projections, and economic assumptions.
The Chair questioned as for the last 50 years, the assumptions made on revenue were incorrect, how is this particular Bill going to address this issue. Furthermore, the Chair was of the view that such Bill should focus not only on debt sustainability but also should look into economic growth. Furthermore, The Chair was of the view that the targets of the Public Financial Management (PFM) Bill should align with the Economic Transformation Act.
State Minister Hon. (Dr.) Suren Raghavan, and Members of Parliament Johnston Fernando, Hon. Rauff Hakeem, hon. Wajira Abeywardana, Hon. M. A. Sumanthiran, Hon. Mayantha Dissanayake, Hon. (Dr.) Nalaka Godahewa, Hon. Harshana Rajakaruna, Hon. Madhura Withanage, Hon. Premnath C. Dolawatte, Hon. Duminda Dissanayake were present at the Committee meeting held.
2025-11-27
The appointments of three chairmen of state-owned institutions were approved by the Parliamentary Committee on High Posts yesterday (Nov. 26).Accordingly, the appointments of Dr. D.B.P.H. Dissabandara as the Chairman of the Securities and Exchange Commission of Sri Lanka, Mr. M.D.C.A. Perera as the Chairman of the National Lotteries Board, and Eng. P.V.A. Hemalal, as the Chairman of Kahatagaha Graphite Lanka Limited, were approved by the Committee on High Posts.The meeting was chaired by Hon. Prime Minister, Dr. Harini Amarasuriya, and a group of members of the committee participated in this meeting.
2025-11-27
The Chair of the Sectoral Oversight Committee on Governance, Justice and Civil Protection, Hon. Member of Parliament (Dr.) Najith Indika, stated that the National Dangerous Drugs Control Board must take the lead in streamlining the procurement process and easing existing legal barriers related to importing equipment used to test drivers for drug use.These matters were taken up during the Sectoral Oversight Committee on Governance, Justice and Civil Protection, which met in Parliament on 20th November 2025 under the chairmanship of Hon. MP (Dr.) Najith Indika.The Committee reviewed the progress of the 2025 budget proposals and special project implementations of the Ministry of Public Security & Parliamentary Affairs and the Ministry of Public Administration, Provincial Councils & Local Government.Officials from the Sri Lanka Police Narcotics Bureau highlighted the difficulties in conducting roadside drug tests due to the lack of necessary equipment.The Committee Chair noted that the government has prioritized eliminating drug abuse and stressed the importance of regulating drivers who operate vehicles under the influence of drugs. He further stated that essential equipment required to identify drug users must be made readily available and that legal barriers affecting their procurement process and importation should be addressed promptly.Police officials also informed the Committee that notable progress has been made in implementing budgeted programmes related to drug prevention. Officials from the National Dangerous Drugs Control Board briefed the Committee on the progress achieved under their purview as well.The Committee additionally reviewed the progress of the 2025 budget proposals of the Ministry of Public Administration, Provincial Councils & Local Government. The Ministry Secretary reported significant progress and noted that many suspended development projects have now resumed.Hon. Members of Parliament G.G. Ponnambalam, Mujibur Rahman, Attorney-at-Law Thushari Jayasinghe, and Dharmapriya Wijesinghe were also present at the committee meeting.
2025-11-26
The Sectoral Oversight Committee on Governance, Justice and Civil Protection recently (Nov. 18) reviewed 12 performance reports and annual reports of institutions functioning under the Ministry of Justice and National Integration.The Committee met in Parliament on the 18th under the chairmanship of Hon. Member of Parliament Dr. Najith Indika.Accordingly, the Committee examined the 2022, 2023 and 2024 performance reports of the Registrar’s Office of the Supreme Court, the 2023 and 2024 performance reports of Judges of Supreme Court, the 2022 Annual Report of the Supreme Court Complex Management Board, the 2022 and 2023 Annual Reports of the National Authority for the Protection of Victims and Witnesses of Crime, and the 2023 and 2024 Annual Reports of the Department of Community Based Corrections.In addition, the Committee reviewed the 2022 and 2023 Annual Reports of the Legal Aid Commission of Sri Lanka, the 2023 and 2024 Annual Reports of the Department of Official Languages, the 2020,2021,2022 & 2023 Annual Reports of the Official Languages Commission, the 2022 and 2023 Annual Reports of the National Institute of Language Education and Training, the 2023 and 2024 Annual Reports of the Department of Prisons, the 2023 and 2024 Annual Reports of the Prisoners’ Welfare Fund, and the 2023 and 2024 Annual Reports of the Debt Conciliation Board.The Committee also inquired into audit observations related to these institutions, and relevant officials presented their explanations. Attention was also drawn to the current activities of these institutions, as well as existing issues and shortcomings. The Committee Chair informed officials to notify the Committee if amendments to the legal framework governing these institutions were necessary to ensure more efficient service delivery, and assured the Committee’s support in facilitating such changes.Further, regarding the 2024 Annual Performance Report of the Department of Community Based Corrections, it was noted that the Auditor General’s report highlighted the incomplete construction of the building for the Legal Aid and Community Correctional Office in Puttalam. The Committee requested a report on this matter.Accordingly, approval of the Committee was granted for all performance and annual reports reviewed, except for the 2023 and 2024 Annual Performance Reports of the Department of Community Based Corrections.Hon. Members of Parliament Mujibur Rahman, Attorney-at-Law Thushari Jayasinghe, and Major General (Retd.) G.D. Sooriyabandara, along with a group of government officials, participated in the Committee meeting.
2025-11-26
The Sectoral Oversight Committee on Education, Manpower and Human Capital has examined the operation of private universities in Sri Lanka and the issues relating to their recognition by the University Grants Commission (UGC).The matter was discussed when the Committee met in Parliament on 21 November 2025, under the chairmanship of Hon. Member of Parliament Hesha Withanage.During the discussion, the Committee Chair highlighted the emergence of institutions awarding degrees of inadequate quality and the resulting harm caused. He noted that many such institutions operate with profit-making as their primary objective rather than providing quality education. The Chair stressed the importance of ensuring that the entire process, from student admission to awarding of degrees remains under the supervision of the UGC.The Vice Chair of the UGC, expressing his views, underscored the need to establish a Higher Education Commission to regulate and monitor private universities and other degree-awarding institutions. He explained that such a body would enable the creation of comprehensive data systems and facilitate links with universities worldwide, allowing access to essential information on institutional standards and programme quality. This, he noted, would help ensure accurate decision-making when granting approval to prospective private universities. These comments were further supported by the Additional Secretary (Non-State Higher Education) of the Ministry of Education, Higher Education and Vocational Training, and by officials of the UGC.The Committee also focused on issues related to state universities, scholarships offered for foreign degree programmes, and other related matters.Hon. Members of Parliament Krishnan Keleichelvi, Nilusha Lakmali Gamage (Attorney-at-Law), Chanaka Madugoda, Thurairasa Ravikaran, and Sunil Rajapaksha, along with officials from the Ministry of Education, Higher Education and Vocational Training and the UGC, were present at the discussion.
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