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Minister of Finance (Sri Lanka) facts for kids

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Minister of Finance of Sri Lanka
මුදල්, ආර්ථික ස්ථායිකරණ සහ ජාතික ප්‍රතිපත්ති අමාත්‍ය
நிதி, பொருளாதார நிலைப்படுத்தல் மற்றும் தேசிய கொள்கைகள் அமைச்சர்
Emblem of Sri Lanka.svg
Prime Minister of the Democratic Socialist Republic of Sri Lanka, Mr. Ranil Wickremesinghe, at Hyderabad House, in New Delhi on November 23, 2017.jpg
Incumbent
Ranil Wickremesinghe

since 25 May 2022
Ministry of Finance
Appointer The President with advice of Prime Minister
Inaugural holder Junius Richard Jayewardene
Formation 26 September 1947

The Minister of Finance (Sinhala: මුදල්, ආර්ථික ස්ථායිකරණ සහ ජාතික ප්‍රතිපත්ති අමාත්‍ය; Tamil: நிதி, பொருளாதார நிலைப்படுத்தல் மற்றும் தேசிய கொள்கைகள் அமைச்சர்) is an appointment in the Cabinet of Sri Lanka. The post was created in 1947 when Ceylon gained independence as Sri Lanka.

History

The position of Treasurer of Ceylon of the British Government of Ceylon dates back to the early nineteenth century and was succeeded by the post of Financial Secretary of Ceylon under the recommendations of the Donoughmore Commission. The post of Ministry of Finance and the Treasury of Ceylon was established in 1947 under the recommendations of the Soulbury Commission under the Ceylon Independence Act, 1947 and The Ceylon (Constitution and Independence) Orders in Council 1947. A young J.R Jayawardena, became the first Minister of Finance of independence Ceylon. Over time the Ministry took over the policy planning which it currently undertakes.

Beginning 4 April 2022, Ali Sabry was appointed as the new minister, replacing Basil Rajapaksa (brother of President Gotabaya Rajapaksa) in the position; However, due to the worsening of the financial crisis, Sabry tendered his resignation 5 April 2022, having served only a day in office; However, Sabry later decided to continue serving in the capacity of finance minister.

Prime Minister Ranil Wickremesinghe was appointed finance minister by President Gotabaya Rajapaksa. Upon assuming the Presidency himself, Wickremesinghe remained Finance Minister.

List of Finance Ministers

Parties

      United National Party (10)       Sri Lanka Freedom Party (9)       Lanka Sama Samaja Party (1)       Sri Lanka Podujana Peramuna (3)

Name Portrait Party Tenure Government Ministerial title
Junius Richard Jayewardene
(1st term)
Junius Richard Jayewardene United National Party 26 September 1947 – 13 October 1953 Don Stephen Senanayake Ministry of Finance and the Treasury of Ceylon
Dudley Senanayake
Oliver Goonetilleke
(1st term)
Oliver Goonetilleke United National Party 14 October 1953 – 30 June 1954 John Kotelawala
M. D. H. Jayawardena Portrait gray.png United National Party 1 July 1954 – 18 February 1956 Ministry of Finance
Stanley de Zoysa Portrait gray.png Sri Lanka Freedom Party 12 April 1956 – 22 November 1959 S. W. R. D. Bandaranaike
Wijeyananda Dahanayake
M. M. Mustapha Portrait gray.png Sri Lanka Freedom Party 22 November 1959 – 5 December 1959
Oliver Goonetilleke
(2nd term)
Oliver Goonetilleke United National Party 21 March 1960 – 23 April 1960 Dudley Senanayake
J. R. Jayewardene
(2nd term)
Junius Richard Jayewardene United National Party 24 April 1960 – 20 July 1960
Felix Dias Bandaranaike
(1st term)
Portrait gray.png Sri Lanka Freedom Party 21 July 1960 – 24 August 1962 Sirimavo Bandaranaike
C. P. de Silva Portrait gray.png Sri Lanka Freedom Party 28 August 1962 – 8 November 1962
P. B. G. Kalugalla Portrait gray.png Sri Lanka Freedom Party 9 November 1962 – 10 May 1963
T. B. Ilangaratne Portrait gray.png Sri Lanka Freedom Party 29 May 1963 – 10 June 1964
N. M. Perera
(1st term)
Portrait gray.png Lanka Sama Samaja Party 11 June 1964 – 17 December 1964
U. B. Wanninayake Portrait gray.png United National Party 27 March 1965 – 25 March 1970 Dudley Senanayake
N. M. Perera
(2nd term)
Portrait gray.png Lanka Sama Samaja Party 10 May 1970 – 2 September 1975 Sirimavo Bandaranaike
Felix Dias Bandaranaike
(2nd term)
Portrait gray.png Sri Lanka Freedom Party 3 September 1975 – 18 May 1977
Ronnie de Mel Portrait gray.png United National Party 23 July 1977 – 18 January 1988 Junius Richard Jayewardene
M. H. M. Naina Marikar Portrait gray.png United National Party 18 January 1988 – 3 January 1989 Ranasinghe Premadasa
Dingiri Banda Wijetunga Portrait gray.png United National Party 18 February 1989 – 31 August 1994
Dingiri Banda Wijetunga
Chandrika Kumaratunga Chandrika Kumaratunga Sri Lanka Freedom Party 30 September 1994 – 5 December 2001
Chandrika Kumaratunga
K. N. Choksy K. N. Choksy United National Party 12 December 2001 – 2 April 2004
Sarath Amunugama Sarath Amunugama Sri Lanka Freedom Party 14 April 2004 – 22 November 2005
Mahinda Rajapaksa Mahinda Rajapaksa Sri Lanka Freedom Party 23 November 2005 – 9 January 2015 Mahinda Rajapaksa
Ravi Karunanayake Ravi Karunanayake.jpg United National Party 12 January 2015 – 22 May 2017 Maithripala Sirisena
Mangala Samaraweera Mangala Samaraweera.jpg United National Party 22 May 2017 - 17 November 2019
Mahinda Rajapaksa Mahinda Rajapaksa Sri Lanka Podujana Peramuna 22 November 2019 – 8 July 2021 Gotabaya Rajapaksa
Basil Rajapaksa Basil Rajapaksa.JPG Sri Lanka Podujana Peramuna 8 July 2021 – 4 April 2022
Ali Sabry Foreign Minister of Sri Lanka, Ali Sabry, in 2022.jpg Sri Lanka Podujana Peramuna 4 April 2022 – 9 May 2022
Ranil Wickremesinghe Prime Minister of the Democratic Socialist Republic of Sri Lanka, Mr. Ranil Wickremesinghe, at Hyderabad House, in New Delhi on November 23, 2017.jpg United National Party 25 May 2022 – Present
Ranil Wickremesinghe

List of Parliamentary secretaries

  • Herbert Eric Jansz 17.05.1948 10.09.1950
  • Louis Lucien Hunter 20.09.1950 02.04.1952
  • Louis Lucien Hunter 02.06.1952 29.04.1953
  • M. D. H. Jayawardena 19.10.1953 01.07.1954
  • U. B. Wanninayake 01.07.1954 27.04.1955
  • Chandradasa Wijesinghe 25.04.1956 10.09.1958
  • Nimal Karunatilake 18.11.1958 19.05.1959
  • Meeralebbe Poddy Mohamed Mustapha 25.06.1959 22.11.1959
  • Dayasena Pasqual 22.11.1959 05.12.1959
  • George Rajapaksa 29.07.1960 20.06.1962
  • R. S. V. Poulier 28.08.1962 06.05.1963
  • Mudiyanse Tennakoon 30.05.1963 12.03.1964
  • James Peter Obeyesekere III 22.06.1964 17.12.1964
  • Noel Wimalasena 29.03.1965 25.03.1970

Deputy ministers

  • Neal de Alwis 01.10.1975 04.02.1977
  • Festus Perera 23.07.1977 05.02.1978
  • M. H. M. Naina Marikar 06.02.1978 19.01.1988
  • John Amaratunga 19.01.1988 09.01.1989
  • Harold Herath 18.02.1989 28.03.1999
  • Harold Herath 30.03.1990 15.08.1994
  • Jeyaraj Fernandopulle 01.09.1994 12.11.1994
  • G. L. Peiris 24.11.1994 09.08.2000
  • G. L. Peiris 16.08.2000 10.10.2000
  • G. L. Peiris 25.11.2000 13.09.2001
  • S. B. Dissanayake 25.11.2000 13.09.2001
  • Mangala Samaraweera 14.09.2001 07.12.2001
  • Bandula Gunawardane 12.12.2001 07.02.2004
  • Ranjith Siyambalapitiya 14.04.2004 26.04.2010
  • Sarath Amunugama 17.01.2009 26.04.2010
  • Chandrasiri Gajadeera 27.04.2010 21.11.2010
  • Sarath Amunugama 10.05.2010 21.11.2010
  • Gitanjana Gunawardena 26.11.2010 - 2015
  • Ajith Nivard Cabraal 2020 - 2021

See also

  • Ministry of Finance, Economic Stabilization and National Policies
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