Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* National Economic Council meets for the first time
Tue, Sep 12, 2017, 11:13 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 12, Colombo: The National Economic Council (NEC) appointed by the President Maithripala Sirisena to take decisions on strengthening national economy met for the first time today at the Presidential Secretariat in Colombo.

The President, Prime Minister Ranil Wickremesinghe, ministers and government officials took part in the discussion.

Main responsibility of the NEC will be to take decisions on the national economy with prominence given to local agriculture and industries. The Council will meet state and private sector entrepreneurs from time to time when necessary.

The President said the key aim of the NEC will be to take quick steps to strengthen rural economy by eradicating poverty.

Economic policy, state finances, public debt management, and issues in the financial sector were discussed at length. Infrastructure development on a regional level was also focused on during discussion.

The President brought to the attention of the officials the adverse impact on public welfare resulted by ministries and other state institutions not fully utilizing the budget allocations and sending the funds back to the Treasury.

The President also spoke on the proper implementation of decisions taken at the district development meetings and proper use of funds. Irregular lending by finance companies and its impact on the rural community were also pointed out.

Advising and issuing guidelines on strategically important policies, agreements, and projects that are directly relevant to the country's economic development also come under the Council's purview.

The NEC will meet every fortnight chaired by the President. Economist Prof. Lalith Samarakoon has been appointed as the Secretary General of the National Economic Council.

 

ColomboPage - Recent 10 Stories ::
Sri Lanka Navy rescues seven Indian sailors stranded in the sea
-- [2 hours ago]
UN and Sri Lanka Ministry of Education launch SDG Action Campaign
-- [3 hours ago]
Probe into Principal for removing student on false allegations
-- [3 hours ago]
Sri Lanka's efforts to eradicate non-communicable diseases praised at World Health Summit
-- [4 hours ago]
Sri Lanka to enter into agreements with Qatar in energy, water supply sectors during President's visit
-- [5 hours ago]
Sri Lanka Railways raise awareness in increasing railway accidents
Rice at wholesale prices from Sathosa outlets
President inaugurates Grama Shakthi poverty alleviation program
Court orders prison authorities to submit a report on absence of former Navy Spokesperson Commodore D.K.P. Dassanayake in court
Sri Lanka Railway unions suspend strike scheduled to begin midnight today

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.