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CA Sri Lanka launches 2025/26 Master’s in Public Financial Management

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Secretary to the Treasury Mahinda Siriwardana addressing the event

A Master of Public Financial Management (MPFM) Degree Programme 2025/26, jointly conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), and it’s public sector wing, the Association of Public Finance Accountants of Sri Lanka (APFASL), was inaugurated recently in Colombo, said a release from CA Sri Lanka.

The event was graced by Tishan Subasinghe, Vice President of CA Sri Lanka; Mahinda Siriwardana, Secretary to the Treasury; V. Kanagasabapathy, President of APFASL; Lakmali Priyangika, CEO of CA Sri Lanka; Prof. Lalitha Fernando, Chairperson of the Board of Study of the MPFM Degree Programme; along with senior academics and lecturers of the programme. The ceremony welcomed 45 participants of the 2025–26 batch, representing key public sector institutions across the country.

The MPFM Degree Programme was launched in 2023 to enhance Public Financial Management (PFM) education in the country. There are approximately 50 intakes per year, with participants being graduates with a minimum of three years’ experience in Sri Lankan accounting and audit services. This is the first time a Master of Public Financial Management is being offered in Sri Lanka.

Finance Secretary Siriwardana, in his remarks, appreciated the scholarships awarded by CA Sri Lanka to eligible public sector professionals, noting that such initiatives are a timely investment in human capital.



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Festival advance for government officers to be increased

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In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).

Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.

Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .

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Providing underutilized lands/properties to suitable investors for optimal utilization.

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As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one  to suitable investors.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of  Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.

• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,

• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.

• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.

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Implementation of the National Fisheries and Aquaculture Policy

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The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.

According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.

The recommendations of the Department of National Planning have been received for the drafted policy.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.

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