News
Cabinet nod for results-oriented institutional structure to efficiently fulfill the needs of the people
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to transfer the responsibility of achieving the goals contained in the Ministerial Result Frameworks prepared accordingly to the secretaries of the relevant line ministries, and to assign the monitoring of the performance of those ministries to the National Operations Office.
The Department of Project Management and Supervision combined with line ministries and has prepared the Ministerial Result Frameworks in relation to 10 Ministries with highest budget allocations and institutions under those ministries. The Ministerial Results Frameworks will ensure timely achievement of development goals and achievement of expected benefits within the scopes of the respective institutions in line with the hierarchical responsibilities of each ministry. Also, it is expected that this will result in a results-oriented institutional structure that can measure the effectiveness of the investments made to efficiently fulfill the needs of the people.
Approval has been granted at the Cabinet meeting held on 22.07.2024 to publish the draft bill of State Assets Management Act in the government gazette notification and thereby present it to the Parliament for its concurrence.
However, the draft bill couldn’t be passed in Parliament as a result of the Parliament being dissolved in the month of October 2024.
Thereafter, the draft bill was subject to further inspection by a
committee appointed which comprised of officials and authorities on the subject.
The said Committee has recognized the amendments to be made and a fundamental draft has been prepared including the proposed amendments.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to suspend further activities regarding the draft bill of State Assets Management Act published in the extraordinary gazette of 02.08.2024, and to direct the Legal Draftsman to prepare a draft bill based on the fundamental draft prepared by the subject specialists’ committee.
Considering the compliance of the Cooperative Societies’ operations with the concurrent socio – economic circumstances as well as the changes in the common law, the requirement of amending the Cooperative Employees Commission Act No. 12 of 1972 has been recognized.
A fundamental draft including proposed amendments based on the experience gained by that Commission as well as the opinions and proposals of Cooperative societies, their director board members, cooperative employees and other interested parties has been prepared.
Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Security and Cooperative development to provide instructions to the Legal draftsman to prepare a draft bill to amend the Cooperative Employees Commission Act No. 12 0f 1972, based on the said fundamental draft.
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