ECONOMYNEXT – The opposition Samagi Jana Balavegaya has written to the Auditor General pointing out what they term as “three instances of unconstitutional authorization of public expenditure/borrowing” by the current government.
In a letter that was handed over to the AG Chulantha Wickramaratana today, Tuesday May 26 three former MPs from the group said that unauthorized borrowing “is not only a serious breach of the public finance provisions of our constitution, it also sullies Sri Lanka’s reputation among creditors.”
The letter pointed out that Sri Lanka’s costs of borrowing have gone up.
“This cavalier attitude towards the rule-of-law, combined with untrustworthy stewardship of public finance, is not only an affront to the tax-payer and to democracy, it may also cause delays in securing urgently needed relief from official creditors – including the World Bank and International Monetary Fund,” it pointed out.
The former MPs are Dr Harsha de Silva, Niroshan Perera and Sujith Perera. (Colombo, May 2, 2020) Reported by Arjuna Ranawana