ABOUT THE DEPARTMENT

 

The Department of Public Finance plays a central role in public sector Governance and has a responsibility for a sound public finance regulatory framework which improves transparency, accountability and service delivery in the public sector. The department works with other government institutions to enhance the management of public resources in pursuit of growth, development and poverty reduction, while aiming to strengthen transparency and accountability.

The Department also seeks to strengthen the broader governance environment within which the public sector operates, supporting institutions for public accountability, such as parliaments, tracking improvements by measures of the rule of law, state legitimacy and trust in government institutions by reducing the risk of corruption and conflict of interest in public affairs in order to achieve sustainable economic growth and development.

In carrying out these responsibilities the Department of Public Finance provides a range of regulatory and advisory services on Public Finance for public sector institutions.

 

OBJECTIVES

  • Formulate, develop, follow up, review and update the policies, systems and procedures in Public Finance Management including the management of public assets

  • Review and monitor effective use of existing departmental fees and charges and explores the possibility of generating non-tax revenue in cost effective manner

  • Regularize, review and monitor the Ministerial / Departmental funds to ensure effective and efficient utilization of public funds with accountability and transparency

  • Promote public sector governance and assist the Parliamentary Committee on Public Accounts (COPA)

Some of these policies, systems and procedures include;

  • Financial Regulations

  • Government Procurement Guidelines

  • Guidelines on Asset Management

 

 

 

CONTACT DETAILS

Department of Public Finance

Room 109, General Treasury, Ministry of Finance, Colombo 01

Phone : +94 (0) 112 484 637

             Ext: 1223

Fax :     +94 (0) 112 431 458

            +94 (0) 112 484 633 (Stores)

            +94 (0) 112 484 991

Email : dgpf@pfd.treasury.gov.lk