Ministry of Finance, Economic Stabilization and National Policies explained

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.

History

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.

Senior officials

Treasury departments

Secretary of the Treasury

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.

See also

External links

Notes and References

  1. Web site: LIST OF CABINET MINISTERS. cabinetoffice.gov.lk. 2022-06-10.
  2. Web site: Extra Gazette No. 2281/41 of 27.05.2022 (Duties and Functions). documents.gov.lk. 2022-06-10.
  3. Web site: 1942 Ferguson's Ceylon Directory . Ferguson's Directory . 30 July 2021.