2025-11-22
News Categories : Committee News
The overall financial performance up to September 2025 of the major revenue-generating institutions under the Ministry of Finance was reviewed at the meeting of the Committee on Public Finance.
This review took place on the Nov. 20th, when the Committee on Public Finance, chaired by Hon. Member of Parliament Harsha de Silva, met in Parliament.
Accordingly, officials representing the Inland Revenue Department, the Sri Lanka Excise Department, and the Sri Lanka Customs presented the progress of their respective institutions for review. Officials representing the Public Debt Management Office also provided clarifications regarding the Medium-Term Debt Management Strategy for the period 2026 - 2030 and the borrowing plan for 2026.
Furthermore, officials representing the Board of Investment of Sri Lanka explained the progress of the institution. During this discussion, foreign direct investment was reviewed, and officials pointed out that from January to September 2025, USD 827 million in foreign direct investment had been received. Accordingly, the Committee observed that the Board of Investment and other institutions should take effective measures to ensure that foreign investment continues to grow steadily over the coming years.
Furthermore, approval was granted for eight reports that must be approved by the Committee on Public Finance, prepared in accordance with the provisions of the State Finance Management Act No. 44 of 2024.
Hon. Deputy Ministers Chathuranga Abeysinghe and Nishantha Jayaweera, as well as Hon. Members of Parliament Ravi Karunanayake and Chithral Fernando, Attorney at Law, together with several others, attended this meeting.
2026-06-03
The meeting of the Ministerial Consultative Committee on Public Security and Parliamentary Affairs was held in Parliament under the chairmanship of the Hon. Minister of Public Security and Parliamentary Affairs, Ananda Wijepala.A number of proposals and issues raised by Hon. Members of Parliament relating to police services were discussed, including strengthening police stations, ensuring police representation in District Coordination Committees and curbing illegal sand mining activities in and around Kilinochchi.The meeting was attended by Hon. Deputy Ministers, Hon. Members of Parliament, the Inspector General of Police (IGP) and officials of the Ministry of Public Security and Parliamentary Affairs, among others.
2026-06-02
The government has allocated Rs. 1,000 million (Rs. 1 billion) this year through the Co-operative Wholesale Establishment (CWE) to improve paddy drying, storage and other related facilities. The necessary machinery and equipment are scheduled to be installed in the Southern and Northern Provinces, according to Hon. Minister of Trade, Commerce, Food Security and Cooperative Development, Wasantha Samarasinghe.The Minister made these remarks during a recent meeting of the Ministerial Consultative Committee on Trade, Commerce, Food Security and Cooperative Development, which he chaired in Parliament.The Committee Chair further stated that a Rs. 500 million project is being implemented this year to provide paddy drying machines to cooperative societies, while a Rs. 100 million project has been launched to procure production and packaging machinery for producer cooperatives.The Minister also noted that the Co-operative Wholesale Establishment has intervened in the process of converting paddy into rice and purchasing potatoes. Potatoes are being purchased at Rs. 220 per kilogram and sold through Lanka Sathosa Ltd.In addition, he stated that 120,000 metric tons of rice were imported during April as substitute varieties for Samba and Keeri Samba rice. Further rice imports will only be considered if deemed necessary.The Committee held extensive discussions on fraud and corruption reported in certain cooperative societies. Members of Parliament raised concerns about individuals involved in such irregularities being reappointed to positions within those societies without facing any penalties. The Minister sought explanations from officials and instructed them to address existing legal weaknesses and other shortcomings without delay.The Minister also announced the establishment of a new Alumni Association of Mahapola Scholarship Recipients and invited all former scholarship holders to join and contribute to its activities. He noted that the association would be able to implement programmes aimed at supporting and advancing future generations of students.The Committee further discussed issues relating to the modernization of the information system of the Department of the Registrar of Companies, measures to improve its efficiency, matters concerning free trade agreements, and other issues relevant to the sector.The meeting was attended by Hon. Deputy Minister of Trade, Commerce and Food Security R.M. Jayawardana, Hon. Deputy Minister of Cooperative Development Upali Samarasinghe, several Members of Parliament, and officials representing the Ministry of Trade, Commerce, Food Security and Cooperative Development and its affiliated institutions.
2026-05-26
The Central Provincial Council was summoned before the Committee on Public Accounts (COPA) to examine the Auditor General’s triennial report for the years 2021–2023, the Auditor General’s report for 2024, and the Council’s current performance.The committee meeting, chaired by Hon. Member of Parliament Kabir Hashim, was held recently at Parliament.During the meeting, attention was drawn to the progress made in implementing recommendations issued at the COPA meeting held on 5th September, 2019. Discussions focused on the incident involving the destruction of files belonging to the Central Provincial Passenger Transport Authority.It was revealed that directives issued by the relevant court and the Presidential Secretary regarding the incident had not been implemented by the responsible authorities. In this regard, the Committee Chairman instructed officials of the Central Provincial Council to submit all reports and correspondence related to the incident to the committee.In addition, the committee discussed an incident involving the unlawful transfer of a rest house owned by the Road Development Authority to a third party in violation of lease conditions. Accordingly, the Chairman instructed officials to identify the officers responsible for making the relevant decisions and to submit a report to the committee on the legal action being taken in connection with the matter.The committee also held extensive discussions on irregularities identified by the National Audit Office in road development and passenger transport services in the Central Province, as well as issues affecting the health sector.Expressing his views during the meeting, the Chairman emphasized the importance of expediting ongoing investigations within institutions and focusing on follow-up action. He further stressed that if a state institution generates profits, such profits should accrue to the government, and if such revenue is used for institutional activities, established legal provisions and procedures must be strictly followed.The meeting was attended by committee members Hon. Members of Parliament Dr. M.L.A.M. Hizbullah, Ruwanthilaka Jayakody, Attorney-at-Law Thushari Jayasinghe, Sunil Rathnasiri, Oshani Umanga, Susantha Kumara Navarathna, Ajantha Gammeddage, Chanaka Madugoda, T.K. Jayasundara and Lal Premanath along with a group of government officials.
2026-05-26
The Parliamentary Select Committee of Parliament to look into and report to Parliament on the matter of selecting the Electoral System under which the Provincial Council Elections should be held and submit its proposals and recommendations in that regard, recently sought views from the Attorney General’s Department and members of the Election Commission.The discussion took place when the committee met in Parliament under the chairmanship of Hon. Minister Vijitha Herath.During the meeting, the Attorney General’s Department briefed the committee on the existing legal obstacles to holding Provincial Council elections and the possible ways in which such obstacles could be removed to facilitate the conduct of the elections.The Election Commission informed the committee that it is prepared to conduct Provincial Council elections at any time under the legal provisions enacted by Parliament based on the committee’s recommendations.The meeting was attended by Hon. Deputy Ministers Arun Hemachandra, Sunil Watagala, Attorney-at-Law and Muneer Mulaffer as well as committee members Hon. Members of Parliament Mano Ganesan, Shanakiyan Rajaputhiran Rasamanickam, Dharmapriya Wijesinghe, Samanmali Gunasinghe and Lakshman Nipuna Arachchi. The committee member M. Nizam Kariapper, P.C also participated virtually.
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