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.
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;
Government Procurement Guidelines
Guidelines on Asset Management
Draft Template of the Proposed Annual Performance Report presented at the COPA Workshop on 05-07-2019. Kindly requested to submit your suggestions on or before 31-07-2019 via email@example.com
Department of Public Finance
Room 112, General Treasury, Ministry of Finance, Colombo 01
Phone : +94 (0) 112 484 637
Fax : +94 (0) 112 431 458
+94 (0) 112 484 991
Email : firstname.lastname@example.org