NEC is in the process of Developing Medium Term National Economic Plan for Sri Lanka – 2020 – 2024

The National Economic Council of Sri Lanka is in the process of developing a Medium-Term National Economic Plan for Sri Lanka for 2020 – 2024 period.

The NEC has identified 18 socio – economic clusters representing key socio-economic sectors in the economy. In line with the allocation of functions, all Ministries are divided among those clusters and requested them to appoint subject experts to work with the NEC to formulate the National Plan.

The Secretary – General & Chief Economist of National Economic Council, Prof. Lalith Samarakoon conducted 18 cluster meetings with Secretaries of key Ministries and the senior officials of the Government Institutions together with Mr. C.J.P. Siriwardana, Deputy Secretary General (Economic Affairs) of National Economic Council and Prof. Harendra Dissabandara, Deputy Secretary General (Financial Affairs) of National Economic Council during the period from 26 July 2019 to 02 August 2019 in-order to discuss the way forward plan for all clusters with the NEC.

Prof. Samarakoon said that, “At the initial step of the planning process, cluster members are requested to identify Strengths, Weakness, Opportunities and Threats in the key sectors in the economy and develop medium term sectoral economic plans which would be implemented under a well-coordinated National Economic Plan.”

A cluster-based committees have been appointed comprising subject experts representing sector specific public institutions, in order to develop sectoral plans.

The Deputy Secretary General Mr. C.J.P. Siriwardana explained that, “the key activities of Ministries were brought under 18 clusters and the expert groups need to be worked together in order to ensure more coordinated approach for the National Plan”.

    

 

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