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Formulation and implementation of economic policies
with emphasis on fiscal policy
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Formulation of the National Budget
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Imposition of Taxes
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Conducting of Public Expenditure Management
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Government Revenue and Receipts
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Custodian Management of the Consolidated Fund
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Cadre Management and Advisory Services on fixing of
salaries
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Co-ordination of public and private sector
activities for economic development
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Co-ordination of economic policy in relation to
international economic agencies
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Collection, compilation, analyses and
dissemination of statistics
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Liaison with Donor Agencies and international
financial institutions
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Financial reserves of the government
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Monetary Law Act
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International Financial Relations
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Finance Act
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Government Financial Regulations
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Financial Relations between Government and
Provincial Councils and Local Authorities
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Overseeing of Departmental and other public
funds
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Accounting systems in Government
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Departments’ Statutory fees and charges
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Security of Public Officers’ Government Insurance
Fund
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Contracts and Extra contractual payments in the
public sector
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Delegation of financial responsibility Claims
against the State
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Treasury Minutes on reports of the Public Accounts
Committee
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Insurance on Government
Contracts
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Financial business with Agents and Embassies abroad
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Refunds from Revenue
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Receipts to and Payments from the Consolidated
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Fund and other funds.
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Imprests, Advances and deposits from the Treasury
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Bringing to account transactions of all departments
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Receipts and payments on behalf of other
Governments.
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Preparation and
Publication of the accounts of the Government.
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State Accounts
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Sanction of Official Bank
Accounts
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Custody of Duplicate Keys of Government safes
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Cash and Bank balances of Government
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Classification of receipts of Government
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Government Investments
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Loans to Corporations, Bank Guarantees to
Government Departments, State
Corporations and Boards
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Fixing the dates for the payments of salaries
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Payments outside the Island
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Accounting of Foreign Aid
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Authorised deductions on pay abstracts
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Payments of UK Army Pensions in Sri Lanka
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Provident, Guarantee, Benevolent, Benefit and other
funds relating to Government Officers
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Public Debt
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Financial relations between Government and
Statutory Boards and Corporations
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Appropriation of Profits of State Corporations
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Repayment of loans to the Consolidated Fund
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Financial Administration, Accounting and Reporting
systems in State Corporations and Statutory Boards
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All taxes and duties
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Enforcement and administration of the Customs
Ordinance
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Customs Statistics
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Enforcement of the Excise Ordinance
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Valuation on behalf of Government, Local Government
Bodies and State Corporations
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Mobilization and Investment of domestic savings
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Control of Insurance
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Economic Reforms
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Capital investment and Capital Structure of State
Corporations and Boards
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Foreign Aid and Technical Co-operation
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Administration of all Lotteries
- Control of imports and exports
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