In a recent session of the Government Accounts Committee yesterday (12) it came to light that crucial financial data, including assets and liabilities of the entire Sri Lankan population, is mysteriously absent from the Ministry of Finance’s records. This revelation has raised significant concerns, especially as the country’s economy continues to decline.
The committee expressed its dismay at the Ministry of Finance’s apparent disregard for the importance of maintaining accurate records of the nation’s assets and liabilities during these challenging economic times.
Tissa Attanayake, Member of Parliament from the Samagi Jana Balavega, commented on the situation, suggesting that this negligence reflects a lack of commitment from the government to revitalize the nation’s economy. He pointed out that international organizations, which have provided loans to Sri Lanka, are increasingly pressuring the country to repay its debts.
Attanayake emphasized that addressing this debt requires a boost in the local economy, an increase in national income, and a reduction in unnecessary government expenditure. However, he highlighted a glaring issue – rampant financial fraud and theft occurring at the ministry level. These illicit activities, particularly in the procurement of gas and petroleum tenders, have the potential to drive the nation’s economy to the brink of bankruptcy.
Moreover, Attanayake cautioned against underestimating the gravity of these financial improprieties. He argued that they represent a significant threat to Sri Lanka’s economic future and urged the government to take immediate corrective action.