Ministry of Finance (Sri Lanka)
| Agency overview | |
|---|---|
| Formed | 1947 |
| Minister responsible | |
| Website | www |
The Ministry of Finance (also known as the Finance Ministry or the Treasury) is a ministry of the Government of Sri Lanka responsible for developing and executing the government's public finance policy, economic policy and long term planning. The Treasury is housed at the General Treasury Building in Colombo fort.
Although the officer of the treasurer of the British Government of Ceylon dates back to the early nineteenth century the Ministry of Finance was established in 1947 prior to the independence of Ceylon as the Ministry of Finance and the Treasury of Ceylon with young J.R Jayawardena as the first Minister of Finance. Over time the Ministry took over the policy planning which it currently undertakes.
The position of Secretary to the Treasury is rooted in the post of Financial Secretary of the colonial Government of Ceylon this itself originated from the post of Treasurer of the colonial government. Appointments were made from the members of the British Civil Service and later from the Ceylon Civil Service. It was one of three the key government colonial posts, the others being Colonial Secretary and Law Secretary. The post of Financial Secretary came second in the order precedence after Colonial Secretary or Chief Secretary as the post was known.
Following independence in 1947 and the official post of Secretary of Treasury, with appointment begin of grade of an Permanent Secretary and to the most senior member and head of the Ceylon Civil Service. Most appointments in the recent past have been for persons who have not been the career civil servants and the post is concurrently held with that of Permanent Secretary of the Ministry of Finance.
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