President Anura Kumara Dissanayake emphasized the necessity of implementing a formal plan to enhance the National Procurement Commission during a meeting with its officials at the Presidential Secretariat on the morning of October 28.
The discussion focused on the current procurement laws and processes, during which NPC officials detailed the challenges faced in adhering to existing guidelines. They informed the President that approximately 60% of government expenditures, including capital investments, should follow a proper procurement procedure. However, deficiencies in this process have resulted in significant financial losses for the government, creating increased opportunities for fraud and corruption.
The conversation also addressed potential delays, non-transparent practices, and inefficiencies within the procurement system. Particular attention was given to reducing unsolicited proposals and addressing shortcomings in public-private partnership projects.
In conclusion, President Dissanayake underscored the importance of expanding the authority of the National Procurement Commission and formalizing procurement planning to mitigate these issues effectively.
