Govt. institutions must submit annual reports within stipulated time period COPE
December 2, 2020 02:09 pm
Chairman of Committee on Public Enterprises (COPE), Prof. Charitha Herath, has informed Secretaries to the Ministries in writing that all government institutions should submit their annual reports to the Parliament within the stipulated time period.
Accordingly, all the Secretaries have been informed that the Chairmen/Heads of the Institutions that fall under the purview of respective Ministries should submit their Annual Reports to Parliament within 150 days following the close of the financial year, as per the guidelines issued by the Public Enterprises Department of the Ministry of Finance.
This decision comes after the observations made at several COPE meetings that a considerable number of Public Enterprises had not presented their Annual Reports within the stipulated time period making the data and information in the Annual Reports obsolescent, preventing the Parliament receiving up-to-date data and information for further action.
