Ministry of Finance (Sri Lanka)

Ministry of Finance
Agency overview
Formed	1947
Minister responsible	Ravi Karunanayake, Minister of Finance
Website	www.treasury.gov.lk

Sri Lanka

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The Ministry of Finance (also known as the Finance Ministry or the Treasury) is a ministry of the Government of Sri Lanka responsible for developing and executing the government's public finance policy, economic policy and long term planning. The Treasury is housed at the General Treasury Building in Colombo fort.

Although the officer of the treasurer of the British Government of Ceylon dates back to the early nineteenth century the Ministry of Finance was established in 1947 prior to the independence of Ceylon as the Ministry of Finance and the Treasury of Ceylon with young J.R Jayawardena as the first Minister of Finance. Over time the Ministry took over the policy planning which it currently undertakes.

Senior officials

Minister of Finance - Ravi Karunanayake
State Minister of Finance - Lakshman Yapa Abeywardena
Permanent Secretary, Secretary to the Treasury and Ministry of Finance — Dr. R H S Samaratunga

Treasury departments

Department of Project Management and Monitoring
National Planning Department
External Resources Department
National Budget Department
Public Enterprises Department
Management Services Department
Fiscal Policy Department
Trade, Tariff & Investment Policy Department
Development Finance Department
Public Finance Department
Legal Affairs Department
Treasury Operations Department
State Accounts Department
Management Audit Department.

Government revenue and information agencies under the purview of the Ministry

Customs Department
Inland Revenue Department
Excise Department
Imports and Exports Control Department
Valuation Department
Census and Statistics Department

Statutory institutions under the purview of the Ministry

Central Bank of Sri Lanka
Bank of Ceylon
People’s Bank
National Savings Bank
State Mortgage & Investment Bank
Lanka Puthra Development Bank
Rajarata Development Bank
Sabaragamuwa Development Bank
Kandurata Development Bank
Ruhuna Development Bank
Uva Development Bank
Wayamba Development Bank
Development Lotteries Board
National Lotteries Board
Employees’ Trust Fund Board
National Insurance Trust Fund
National Development Trust Fund
Sri Lanka Accounting and Auditing Standards Monitoring Board
Insurance Board of Sri Lanka
Credit Information Bureau of Sri Lanka
Securities and Exchange Commission of Sri Lanka
Sri Lanka Savings Bank
Housing Development Finance Corporation Bank

Permanent secretaries

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.

Charles Ernest Jones, CCS (29.09.1947 – 12.12.1950)
Theodore Duncan Perera, CCS (13.12.1950 – 12.03.1951)
Arthur Godwin Ranasinha, CCS (12.04.1956 – 22.11.1959)
Leopold James Seneviratne, CCS (14.10.1954 – 14.08.1956)
Samson Felix Amarasinghe, OBE, CCS (15.08.1956 – 31.05.1961 )
H S Amarasinghe, CCS (01.06.1961 – 10.10.1963)
H E Tennekoone (11.06.1963 – 18.12.1963)
H J Samarakkody, CAS (19.12.1963 – 14.11.1968)
M. Rajendra, CAS (15.11.1968 – 06.05.1971)
C.A. Corray, SLAS (17.05.1971 – 01.07.1975)
Dr. L R Jayewardena (16.07.1975 – 08.03.1978)
Dr. W M Thilakeratne (28.03.1978 – 04.02.1987)
B Mahadeva (05.02.1987 – 19.07.1987)
C Chanmugam (20.07.1987 – 31.12.1988)
R Paskaralingam (04.01.1989 – 18.01.1994)
N V K K Weragoda (19.01.1994 – 18.08.1994)
A. S. Jayawardene (19.08.1994 – 07.11.1995)
B C Perera (08.01.1996 – 31.01.1998)
Dixon Nilaweera (16.03.1998 – 01.11.1999)
Dr. P.B. Jayasundera (01.11.1999 – 18.12.2001)
J Charitha Ratwatte (19.12.2001 – 02.04.2004)
Dr. P.B. Jayasundera (19.04.2004 – 17.09.2008)
S Abeysinghe, SLAS (17.09.2008 – 2009)
Dr. P.B. Jayasundera (2009 – 2015)

External links

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Government of Sri Lanka Cabinet

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