Finance Commission of Sri Lanka
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Overview
The Finance Commission of Sri Lanka (FCSL) is a constitutional body established under the 13th Amendment to ensure balanced regional development by recommending how government funds are shared among provincial councils, aiming to reduce socioeconomic disparities and improve living standards across all provinces. It advises the government on fund allocation principles for provincial needs (education, health, roads) and monitors provincial revenue and expenditure to promote equitable development.
Founded Year
1987
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
To assess the needs of the provinces and make recommendations for the fair apportionment of funds from the Treasury to achieve balanced regional development across the country, ensuring adequate funds for provincial needs and guiding prudent spending.
Vision
A prosperous Sri Lanka through balanced regional development.
Core Values
Balanced Regional Development: The primary objective, focusing on reducing disparities between provinces. Equity & Fairness: Ensuring equitable distribution of resources based on need, population, and income levels. Transparency & Accountability: Providing financial information for decision-making and ensuring funds are spent effectively. Effectiveness: Promoting prudent spending and efficient use of allocated funds by Provincial Councils.
Company Tagline
Balanced Regional Development" or "Prosperity Through Balance
Head Office Country
Sri Lanka
