Home / Front Page/ National Economic Council meets for the first time

National Economic Council meets for the first time


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 13 September 2017 00:00


The National Economic Council (NEC) appointed by the President Maithripala Sirisena to take decisions on strengthening national economy met for the first time yesterday 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.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted


Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr


In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked


Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people


Columnists More