header logo
Mogo Academy
Latest
New committee system to strengthen Parliament’s financial powers – PM
May 29, 202206:52 PM
New committee system to strengthen Parliament’s financial powers – PM
Mobitel Inner

Sri Lanka’s Prime Minister Ranil Wickremesinghe says a new committee system will be introduced to strengthen the Parliament’s financial powers and a National Committee will be established to make the President and Prime Minister answerable to the Parliament. 

 

He stated this while delivering a special statement on the 21st Amendment to the Constitution and proposed political reforms

 

The PM said that the country’s main issues today are not limited to the financial sector. 

 

He said that at the same time, in the political sphere there are two major issues with one being the need to do away with the 20th Amendment and the implementation of the 19th Amendment to the Constitution once again. 

 

“With regard to that now, we as the party leaders are currently preparing the 21st Amendment,” he said. 

 

The second is to work towards abolishing the Executive Presidency, he said, adding that the party leaders can decide on that time period and the method. 

 

In addition to this, there is another issue with regard to the Parliament, the premier said. 

 

He stated that because the parliament was weakened by the 20th Amendment to the Constitution and because the Executive obtained more powers, the process of the Parliament has been crippled. 

 

“One of the main accusations today is that the Parliament is not working to end this economic crisis. The powers vested with the Parliament will increase through the 21st Amendment to the Constitution, however we cannot be satisfied by that alone.” 

 

He stated that there is also an allegation that under the current Westminster cabinet system, the cabinet ministers controlled everything and due to the ruling party having a majority in the House the affairs of the parliament were neglected. 

 

“We don’t always have to keep questioning what happened in the past. However, there needs to be a system to include the Parliament in the governance of this country,” he said. 

 

“At the same time, we need to have transparency. The MPs of all parties need to convene those committees and work according to the policies and programmes, that is the environment we are creating.”

 

He stated that the existing laws need to be strengthened if parliament is to be given powers to execute financial powers.  He also said that they are preparing to pass a set of new financial regulations after taking a look at the existing laws.  

 

Wickremesinghe stated that are three committees related to the state’s financial affairs and that the Leader of the House Dinesh Gunawardena has presented several proposals to strengthen these committees and further empower them. 

 

He said that in addition to that they are also putting forward a proposal to establish two more finance-related committees, which include a ‘Committee on Ways and Means’ and a ‘Committee on Banking and Financial Services’.

 

He stated that these five finance committees and ten oversight committees will be chaired by backbencher MPs and not ministers. 

 

He said they also need to pay attention to a crucial point. “What the youths are saying is that the existing system needs to be changed and they need to be aware of the current issues.” 

 

Therefore he proposes that four youth representatives are appointed each of these fifteen committees with one of them from the Youth Parliament while the other three selected from the protesting groups and youth groups as decided by them.  

 

He said in addition to this they also expect to get specialist with experts knowledge involved in this and that this will provide the youth with an opportunity to become aware of the issues and to present their solutions. 

 

The Prime Minister also proposed to establish a National Council comprised of the Speaker, the Prime Minister, the Opposition Leader and the leaders of the major parties.

 

Speaking on the importance of this National Council, he said that it can discuss the country’s policies and the decisions of the Cabinet as well as discuss the reforms of the Parliament. He said it will be a political council with the authority to summon the Cabinet and the committee chairs.   

 

“If there are any young representatives for this, those appointed separately, we can also consider that,” he said.

 

Wickremesinghe said that under this new system the President, the Cabinet of Ministers, committees and the National Council need to be answerable to the Parliament and thereby complete power will be vested in the House.

 

He said that several organisations have presented similar proposals. “Let’s consider those proposals as well and come to an agreement how the Parliament’s powers are implemented in the future.”

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Farmers raise concerns over unopened govt paddy warehouses

Farmers raise concerns over unopened govt paddy warehouses

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Lassana Flora