Skip to content
As enacted
Contents

Part V

135. Duties and functions of the Productivity Commission

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The duties and functions of the Productivity

Commission shall be to -

(a)

make recommendations to the relevant authorities based on evidence and comprehensive analysis in order to increase productivity and economic performance including but not limited to the following: -

(i)

streamlining regulation of productivity;

(ii)

promoting healthy competition and contestable markets;

(iii)

catalysing structural transformation; and

(iv)

encouraging international competitiveness;

(b)

make recommendations to the Government on introducing a national competition policy and advise on subsequent revisions as needed from time to time;

(c)

conduct public inquiries and evidence-based research on issues related to productivity, either in-house or contracted out, and disclose the methodologies used for such inquiry or research;

(d)

carry out, performance, monitoring, evaluation and benchmarking on the productivity;

(e)

report annually to Parliament on the productivity trends within the first four months of the following year; and

(f)

advocate on the need for productivity improvement.

(2)

In the performance and discharge of its duties and functions referred to in subsection (1), the Productivity

Commission shall-

(a)

act as referred to by the Cabinet of Ministers or

Parliament or on its own initiative;

(b)

consider both the private sector and the public sector including both tradable and non-tradable goods and services;

(c)

recognize the interests of the people and those affected by the recommendations of the

Productivity Commission; and

(d)

ensure sustainable economic development.