President stresses need to strengthen National Procurement Commission

President stresses need to strengthen National Procurement Commission

October 28, 2024   05:47 pm

President Anura Kumara Dissanayake has emphasized the importance of implementing a procurement plan and strengthening the National Procurement Commission (NPC).

The President shared these views in a meeting held at the Presidential Secretariat this morning (28), where he engaged in an in-depth discussion with NPC officials on the current procurement laws and procedures, the President’s Media Division (PMD) said in a statement.

Officials from the National Procurement Commission informed the President that although around 60% of all government expenditures, including capital expenses, should ideally follow a proper procurement process, shortcomings in this process are causing significant losses to the government. This, they noted, creates greater opportunities for fraud and corruption, the statement added.

The discussion also covered issues related to delays, lack of transparency, and inefficiencies in the procurement process. Attention was given to minimizing shortcomings in handling unsolicited proposals and Public-Private Partnership (PPP) procurements.

President Dissanayake pointed out the need to further expand the authority of the NPC to establish more systematic procurement planning, according to the PMD.

The meeting was attended by Secretary to the Presidential Dr. Nandika Sanath Kumanayake, NPC Chairperson Sudharma Karunaratne, and other officials from the National Procurement Commission.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

President vows to cut down on privileges and expenses of MPs and former Presidents

Sajith Premadasa explains the difference between NPP and SJB (English)

NPP secures victory in Elpitiya Pradeshiya Sabha Election (English)

Former President Ranil on the difference between him and the incumbent President (English)

NPP govt is holding an independent election for first time in the country - President (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm