President wants to strengthen National Procurement Commission

Tuesday, 29 October 2024 02:49 - - {{hitsCtrl.values.hits}}

Says measures needed to curb fraud and corruption by preventing irregular procurement practices
National Procurement Commission informs President 60% of Govt. expenditure should ideally follow proper process and shortcomings causing significant losses to Treasury

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

The President shared these views during a meeting where he engaged in an in-depth discussion with NPC officials on the current procurement laws and procedures.

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Officials from the NPC 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 discussion also covered issues related to delays, lack of transparency, and inefficiencies in the procurement process. Attention was given to minimising 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.

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