Sri Lanka Central Bank spent Rs133mn under former governor on travel

ECONOMYNEXT – Sri Lanka’s Central Bank said the cost of overseas travel and related work by present governor Arjuna Mahendran and staff was sharply reduced in 2015 compared to expenses incurred under former governor Ajith Nivard Cabraal.

The bank said in a statement that it rejects allegations by opposition politicians that Governor Mahendran and staff had spent public money on personal expenses or improperly.

Official overseas travel costs are borne by the Central Bank in accordance with established procedure used by other government institutions and all expenses are audited with no wrongdoing proved, it said.

Instead, the Central Bank had reduced costs of the governor and staff, with the present governor committed to maintain the policy of financial discipline of the new government of President Maitthripala Sirisena, the statement said.

The Central Bank had spent Rs133.8 million under the former governor on official travel and related work in 2014.

These costs had been reduced by Rs37.2 million or 38.5 percent to Rs96.6 million in 2015, the statement said.
(COLOMBO, June 06 2016)

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