Finance Ministry to report to PM:

Poor response from SOEs

By Disna Mudalige

The Project Management and Monitoring Department of the Finance Ministry will submit a report to Prime Minister Ranil Wickremesinghe next week on the status of State-owned Enterprises on preparing the Key Performance Indicators (KPIs) for the first quarter of the year.

The concept of KPIs has been introduced to all State-owned Enterprises (SOEs) to streamline organisational activities and enhance productivity levels. The Department has set April 15 as the deadline for all SOEs to report their KPIs.

The Department has decided to submit a status report to the Prime Minister on how many SOEs had responded to the KPIs, how many were preparing them and the SOEs which are yet to respond.

Department sources told the Sunday Observer that there were SOEs that had not submitted even a single report though it was mandatory for all SOEs to comply with.

“These reports are new to our organisations. Some KPI reports and action plans were not in order, so we sent them back. Some had not responded, citing that they were not acquainted with the system,” they said. The Department has also conducted a training session for the officials with the support of the Asian Development Bank consultants.

Government agencies should set their own targets under the KPI system and the Project Management and Monitoring Department which comes under the National Policy and the Economic Affairs Ministry has been assigned to monitor their progress.