Cabinet approves review of government-owned non-commercial institutions
Posted on December 19th, 2024
Courtesy Hiru News
The Cabinet has approved a proposal by the President to review government-owned non-commercial institutions, citing the need for modernization and the alignment of functions with current needs. Many of these institutions have outdated structures, insufficient powers, and overlapping functions, with some tasks being more efficiently performed by the private sector.
Currently, the government manages 86 departments, 25 district secretariats, 339 divisional secretariats, 340 state-owned enterprises, and 115 non-commercial state statutory institutions. The national budget for 2024 allocates around 140 billion rupees for these institutions.
A committee, led by the Secretary to the Prime Minister, has been appointed to conduct the review. The committee includes officials from various ministries, the Department of National Budget, and the University Grants Commission, with the task of submitting recommendations for improving efficiency and operations.