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Ministry of Finance Sri Lanka

Ministry of Finance Sri Lanka Overview
The Ministry of Finance Sri Lanka executes the function of monitoring the economic and financial affairs of the state of Sri Lanka. Amongst the various functions of the Ministry of Finance Sri Lanka is making plans that will improve the Sri Lankan economy.

Ministry of Finance & Planning & Treasury Sri Lanka Vision
The Ministry of Finance & Planning & Treasury Sri Lanka aims to change the Sri Lankan economy to one of the strongest and most advanced economies of the world. The Ministry of Finance & Planning & Treasury Sri Lanka is presently giving a lot of importance to equity in order to achieve its ambition.

The Ministry of Finance & Planning & Treasury Sri Lanka also plans to improve the number of socio-economic chances available to the citizens of Sri Lanka.
The Ministry of Finance & Planning & Treasury Sri Lanka has been making the best efforts to implement the various strategies. These strategies are mainly created to enhance the level of growth and productivity of the Sri Lankan economy.

Ministry of Finance & Planning & Treasury Sri Lanka Functions
Following are the main functions of the Ministry of Finance & Planning & Treasury Sri Lanka:
  • General administrative and monitoring functions in respect of state banking and financial institutions
  • Formulation of national economic and financial policies and strategies
  • Coordination with international agencies and mobilization of foreign resources ensuring their effective use
  • Formulation of fiscal and macro fiscal policy management
  • Liasing with donor agencies and international financial institutions
  • Preparation of national development and public investment programs
  • Enforcement of government financial regulations
  • Preparation of the annual budget and management of financial resources
  • Execution of the national budget and enforcement of budgetary controls
  • Management of national tax policy and effective use of government revenue
  • Management of Consolidated Fund
  • Coordination with the Central Bank on the formulation of monetary policies and overall macro economic management
  • Overall management of revenue agencies
  • Coordination of public and private sector activities and facilitation of the private sector for economic development

Department of Finance Canada Branches
The Department of Finance Canada performs its functions through the following branches:
  • Economic and Fiscal Policy Branch
  • Tax Policy Branch
  • Economic Development and Corporate Finance Branch
  • Law Branch
  • Federal-Provincial Relations and Social Policy Branch
  • Corporate Services Branch
  • Financial Sector Policy Branch
  • Consultations and Communications Branch
  • International Trade and Finance Branch

Department of Finance Canada Publications
The Department of Finance Canada brings out publications, that cover all aspects of the Canadian economy. These publications could be enlisted as below:
  • Working Papers
  • Annual Financial Report of the Government of Canada
  • Sustainable Development Strategy
  • Budget Information, including Economic and Fiscal Updates
  • The Economy in Brief
  • Fiscal Reference Tables
  • The Fiscal Monitor - future release dates
  • Implementation of Full Accrual Accounting in the Federal Government's Financial Statements: backgrounder

Department of Finance Canada Functions
The following functions are performed by the Department of Finance Canada:
  • Works closely with other financial agencies
  • Deals with issues affecting federal financial institutions - banks, for trust and loan and insurance companies, credit unions, pension plans, and all of their respective clients
  • Helps to ensure that Canada has an effective regime to combat money laundering and the financing of terrorism
  • Develops the rules and regulations that govern the institutions so they remain safe and sound and are responsive to consumers' needs
  • Manage the debt and international reserves of the Government of Canada, in conjunction with the Bank of Canada, and we provide policy advice on activity in the domestic capital markets
  • Conducts analysis of the many ways in which the financial sector is changing both in Canada and abroad

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Last Updated on : 1st August 2013

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