Agency Name: | Ministry of Finance, Economic Stabilization and National Policies |
Nativename: | Sinhala; Sinhalese: මුදල්, ආර්ථික ස්ථායිකරණ සහ ජාතික ප්රතිපත්ති අමාත්යාංශය Tamil: நிதி, பொருளாதார நிலைப்படுத்தல் மற்றும் தேசிய கொள்கைகள் அமைச்சு |
Seal: | Emblem of Sri Lanka.svg |
Formed: | 1947 |
Jurisdiction: | Government of Sri Lanka |
Headquarters: | The Secretariat, Lotus road, Colombo 1 |
Coordinates: | 6.931°N 79.8442°W |
Minister1 Name: | Prime Minister, Hon. Ranil Wickremesinghe[1] |
Minister1 Pfo: | Minister of Finance, Economic Stabilization and National Policies |
Chief1 Name: | Mr. K M Mahinda Siriwardana |
Chief1 Position: | Secretary to the Treasury |
Child1 Agency: | Bank of Ceylon |
Child2 Agency: | Central Bank of Sri Lanka |
Child3 Agency: | Credit Information Bureau |
Child4 Agency: | Department of Excise |
Child5 Agency: | Development Lotteries Board |
Child6 Agency: | Employees’ Trust Fund Board |
Child7 Agency: | Housing Development Finance Corporation Bank |
Child8 Agency: | Imports and Exports Control Department |
Child9 Agency: | Inland Revenue Department |
Child10 Agency: | Insurance Board of Sri Lanka |
Child11 Agency: | Kandurata Development Bank |
Child12 Agency: | Lanka Puthra Development Bank |
Child13 Agency: | National Development Trust Fund |
Child14 Agency: | National Insurance Trust Fund |
Child15 Agency: | National Lotteries Board |
Child16 Agency: | National Savings Bank |
Child17 Agency: | People’s Bank |
Child18 Agency: | Public Private Partnership Unit |
Child19 Agency: | Rajarata Development Bank |
Child20 Agency: | Ruhuna Development Bank |
Child21 Agency: | Sabaragamuwa Development Bank |
Child22 Agency: | Securities and Exchange Commission |
Child23 Agency: | Sri Lanka Accounting and Auditing Standards Monitoring Board |
Child24 Agency: | Sri Lanka Customs |
The Ministry of Finance, Economic Stabilization and National Policies[2] (Sinhala; Sinhalese: මුදල්, ආර්ථික ස්ථායිකරණ සහ ජාතික ප්රතිපත්ති අමාත්යාංශය; Tamil: நிதி, பொருளாதார நிலைப்படுத்தல் மற்றும் தேசிய கொள்கைகள் அமைச்சு) (also known as the Finance Ministry or the Treasury) is a cabinet ministry of the Government of Sri Lanka responsible for developing and executing the government's public finance policy, economic policy and long term fiscal planning. The Treasury is housed at the General Treasury Building (also referred to as The Secretariat) in Fort.
Although the post Treasurer of Ceylon of the British Government of Ceylon dates back to the early nineteenth century and was succeeded by the post of Financial Secretary of Ceylon under the recommendations of the Donoughmore Commission. The post of Ministry of Finance and the Treasury of Ceylon was established in 1947 under the recommendations of the Soulbury Commission under the Ceylon Independence Act, 1947 and The Ceylon (Constitution and Independence) Orders in Council 1947.[3] A young J.R Jayawardena, became the first Minister of Finance of independence Ceylon. Over time the Ministry took over the policy planning which it currently undertakes.
The position of Secretary to the Treasury is rooted in the post of Financial Secretary of the colonial Government of Ceylon this itself originated from the post of Treasurer of the colonial government. Appointments were made from the members of the British Civil Service and later from the Ceylon Civil Service. It was one of three the key government colonial posts, the others being Colonial Secretary and Law Secretary. The post of Financial Secretary came second in the order precedence after Colonial Secretary or Chief Secretary as the post was known.
Following independence in 1947 and the official post of Secretary of Treasury, with appointment begin of grade of an Permanent Secretary and to the most senior member and head of the Ceylon Civil Service. Most appointments in the recent past have been for persons who have not been the career civil servants and the post is concurrently held with that of Permanent Secretary of the Ministry of Finance.