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Thursday, 29 March 2018 - 8:27
13 institutions removed from Prime Minister
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President Maithripala Sirisena has relinquished the authority of Prime Minister Ranil Wickremasinghe in two key monetary institutions and placed them under the Ministry of Finance.

In an extraordinary Gazette issued yesterday (Mar 28), the President moved the Central Bank of Sri Lanka and the Securities and Exchange Commission of Sri Lanka from the Ministry of National Policies and Economic Affairs to the Finance Ministry.

Accordingly, formulation of monetary policies and macroeconomic management in coordination with the Central Bank of Sri Lanka and monitoring revenue collection and expenditure would be a responsibility of the Ministry of Finance.

The President also re-assigned several other institutions that were under the Ministry of National Policies and Economic Affairs including the National Youth Council, National Youth Corps, National Youth Awards Authority, Public Utilities Commission, Department of Project Management and Monitoring, Employees Trust Fund, and etc under the Ministries which were held earlier.

In addition, at the Cabinet meeting, the President also abolished the Cabinet Committee on Economic Management which was headed by the Prime Minister Ranil Wickremesinghe.
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