The Government is planning to establish a Committee on Economic Development with wide powers to intervene in policy decisions, planning, implementation and monitoring of the efforts to overcome the current economic crisis.
Business tycoon, Sri Lanka Podujana Peramuna (SLPP) Parliamentarian Dhammika Perera is likely to head the Committee, sources said.
A senior official of the Finance Ministry said that the committee will have wide powers to intervene in policy decisions, planning, implementation and monitoring of the programmes mooted to overcome the economic crisis.
He said the monthly foreign revenue which was around USD 800 – USD 900 has now come down to around USD 250 – USD 300.
“One of the main tasks of the new Committee will be to come up with proposals and monitor implementation of efforts to bring in as much foreign revenue as possible,” he added.
He also said the Committee will be given wide powers and the chairperson of the Committee may have powers similar to that of a Cabinet Minister.
