Press briefing of Cabinet Decision taken on 2018-10-23

Drafting the Public Financial Management Act.

- The Cabinet of Ministers has recommended previously to appoint a Committee comprising of expertise in the relevant field to examine and submit recommendations on the Public Financial Management Bill scheduled to be introduced to form a legal framework on transparency, accountability, productivity, efficiency and frugality of the activities related to public financial management. The proposal made by Hon. Mangala Samaraweera, the Minister of Finance and Mass Media, to draft the Public Financial Management Bill with the inclusion of the recommendations made by the said Committee, was approved by the Cabinet.