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Sri Lanka
Sri Lanka
10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

Sitting of Tuesday, 22 July 2025

10th Parliament· 23 debates· 305 speeches· 73 speakers

Source: Hansard PDF (parliament.lk) ↗ ·No. 1753443916033328 ·English daily/uncorrected Hansard

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Order of business

Speeches load per item. Summaries shown here are AI-generated and labelled; verbatim text is on each speech page.

  8. 8 Oral question Oral Question: Active Accounts in Employees' Provident Fund (Q.4/2024) 5 speeches
    • The Hon. Rohana Bandara

      AI summary The Member asked the Minister of Labour to provide year-by-year details from 2015 to the present on the number of active Employees’ Provident Fund accounts and the annual interest rates paid to contributors. He also requested an explanation of the factors used to determine those interest rates and the measures taken to strengthen the EPF, and asked for reasons if the information could not be provided.

      Employment Full speech →
    • The Hon. (Dr.) Anil Jayantha — Minister of Labour and Deputy Minister of Economic Development

      AI summary The Minister provided a written answer on Employees’ Provident Fund account data from 2015 to 2024. He stated that total member accounts increased from 16.88 million in 2015 to 22.2 million in 2024, while accounts receiving annual contributions rose from 2.5 million to 2.9 million over the same period. He also supplied the annual interest rates paid on member balances for those years in the written response.

      Public Finance Full speech →
    • The Hon. (Dr.) Anil Jayantha JJB

      AI summary The reply provided year-wise EPF member interest rates from 2015 to 2024, noting that rates are determined mainly by distributable profit after investment income, expenses and taxes are assessed against member balances. It outlined measures to strengthen the EPF, including investment diversification, risk and performance management systems, digitization with Cabinet approval for a new platform, faster recovery of evaded contributions, and a proposed tripartite governance mechanism involving trade unions, employers and the Government. A detailed reply was tabled, and the remaining part of the question was stated not to arise.

      Public Finance Full speech →
    • The Hon. Rohana Bandara

      AI summary Hon. Rohana Bandara raised concerns about alleged mismanagement of the Employees’ Provident Fund, including issues previously noted by the Auditor General in relation to investments. He asked what action had been taken on those findings and called for greater transparency for EPF members on investment locations, returns, and future plans, including through online disclosure. He also sought clarification on when the 2023 amendment Bill relating to the EPF would be brought into force.

      Public FinanceJustice & Human Rights Full speech →
    • The Hon. (Dr.) Anil Jayantha JJB

      AI summary Cabinet approval has been obtained to digitize and regularize EPF-related processes to improve transparency, with work being expedited. The Minister said fund management currently lies with the Central Bank while administrative oversight is nominally with the Ministry of Labour, and this structure is being regularized. He acknowledged that employees, as the real owners of the fund, should have access to information through a digital platform, while noting that no special forensic audit has currently been initiated.

      Public FinanceCorruption & Governance Reform Full speech →