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7 J. Mgmt. & Sustainability 152 (2017)
E-Cash Management System in the Public Sector in Sri Lanka: With Special Reference to the Ministry of Public Administration & Home Affairs

handle is hein.journals/jms7 and id is 291 raw text is: Journal of Management and Sustainability; Vol. 7, No. 2; 2017 ISSN1925-4725 E-ISSN 1925-4733 Published by Canadian Center of Science and Education E-Cash management System in the Public Sector in Sri Lanka: With Special Reference to the Ministry of Public Administration & Home Affairs Tharaka Liyanapathirana & R. P. C. Ranjani2 'University of Kelaniya, Sri Lanka 2Department of Finance, University of Kelaniya, Sri Lanka Correspondence: Tharaka Liyanapathirana, University of Kelaniya, Sri Lanka. E-mail: tharakaliyanapathiranaogmail.com Received: April 25, 2017 Accepted: May 18, 2017 Online Published: May 29, 2017 doi: 10.5539/jms.v7n2pl52 URL: http://doi.org/10.5539/jms.v7n2pl52 Abstract E-cash Management System enhances cash management in the private sector and the public sector in a fast pace of organizational environment change. Though it has not a universal framework for e-cash management, the public sector in many countries has provided its usefulness by dint of their results of application. Concurrently, the public sector in Sri Lanka has also initiated e-cash management at ministerial and departmental levels parallel to the existing setup. Despite many attempts made in improving e-cash management system in the public sector, little progress has been made. However, there is a lack of research on e-cash management in the public sector in Sri Lanka. Thus, this study focuses to fill the gap in this regard. This study seeks to contribute knowledge in this area by addressing related questions. The first research question is as follows: Despite many reformsmade in the administration system in the public sector, whydo the issues in respect of e-cash management system abide or persist or prevail to be addressed? Secondly, what are the factors that have adversely affected the progress of e-cash management? Hence the study was carried out to elite answer to the aforementioned questions.Combinations of Qualitative and Quantitative research strategies were applied in the research process which is commonly known as mixed method research. Random sampling method was applied. Samples of 500 managers in the public sector were selected and only 317 responded. Data were collected by self-administered Questionnaire and interviewed concurrently. Using the data from the survey analyses was completed. The results of the study revealed that the existing level of e-cash management owing to administrative reforms and implementations have not effectively addressed the deep-rooted social, political and cultural issues which pose as crucial barriers for the success of e-cash management. Keywords: e-cash, e-cash management, e-public sector, e-services, national policy 1. Background The public sector performance in the global context is becoming an importantaspect of gradual growth in the developed and the developing countries. Contemporary public sector organizations play more dynamic roles than the traditional liner career in public sector organizations. In concurrence with the winds of change across the globe, the public sector organizations have commenced to adopt contemporary cash management practices and managers increasingly take up responsibility to manage their public resources. Thus, managers in the public sector organizations and the employees need to play their roles in a dynamic organizational environment with many challenges within and outside the organization. Presently, a fast pace of work environment is effecting enduring or dealing with deadlines and chronic pressure on high performance demand apropos (of) effecting changes in cash management. In this context, cash management in Sri Lanka needs to play an important role in the Public Sector. The structure pertaining to cash management in Sri Lanka consists of the following structural components: the executive president enjoys executive powers; the parliament enjoys fiscal powers, while the central bank is assigned monetary policy matters, while the Treasury coordinates the budgetary matters, once it is passed by parliament. Further, in Sri Lanka the president opts to be the Minister of Finance under whose purview the national Treasury functions. Thus, there is a considerable centralization of power pertaining to economic and budgetary affairs in Sri Lanka. 152

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