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Central Bank officials evading Public Finance Committee accuses Harsha

24 Mar 2022

Speaking in Parliament a short while ago, Samagi Jana Balawegaya (SJB) MP Harsha De Silva accused that none of the Central Bank of Sri Lanka (CBSL) officials were present at the Committee on Public Finance (COPF) meeting that was held today despite several memos sent to the CBSL. "We had the Committee for Public Finances meeting this morning, and it was prior informed to the CBSL that Nivard Cabraal and SR Attygalle should attend the meeting as the country is in dire straits and we must make immediate decisions before everything collapses. Whereas at 10.41am, we received a fax from the CBSL saying that the CBSL officials will not be able to attend the meeting. Cabraal nor the Finance Minister has spoken in Parliament, the Finance Minister Basil Rajapaksa has not attended Parliament in over 3 months. Are they not answerable to the people regarding the handling of Public Finances?" De Silva asked. He added that the current economic crisis can only be solved in Parliament as it is part of the Constitution which dictates that matters pertaining to Public Finances must be discussed in Parliament. "Not even the President can change the law. This discussion should have taken place in Parliament whereas the relevant people are not here," he mentioned. Furthermore, De Silva revealed that he has learnt today that a state owned bank had defaulted today due to the lack of US Dollars which was purchased with the promise of repayment at USD 185. "I found out today that a state owned bank had defaulted on its payments. This is because dollars were purchased at USD 200 and the repayment was promised at USD 185, whereas any person can understand that with the economic crisis the dollar will only rise. Today, the bank had defaulted on its payment and the public finances are now lost. Whose money is this? This is not Cabraal's or the Rajapaksa's money. This is the money of hard working citizens of this country. It is public finances,” He concluded.

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