The Hon. Ravi Karunanayake
Ravi Karunanayake sought clarification on Central Bank independence, arguing that practical interferences remain and requesting that responsibility be restored under the Finance Ministry. He also questioned the reported increase in total public debt from Rs. 28.8 trillion at end-September 2024 by Rs. 1.2 trillion over four months, asking how debt rose without development and noting that rupee depreciation had increased the rupee value of debt.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Mr. Speaker, with your leave, a clarification. Hon. Minister, while CBSL is independent, in practice there are still interferences. We raised this in 2016, but it was not rectified. I earnestly request that you restore and take responsibility under the Finance Ministry.
¶ 02 Secondly, your disclosure shows total debt at end-Sep 2024 was Rs. 28.8 trillion, but in four months it rose by Rs. 1.2 trillion. I do not ask this with malice, but how did debt rise without development? The rupee’s depreciation has increased the rupee value of debt by Rs. 1.2 trillion.
Provenance
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- Hansard, Saturday, 22 February 2025 ·No. 1741001658041256 ·English daily/uncorrected Hansard
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Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 22 February 2025. No. 1741001658041256. Politick, https://staging.politick.io/lk/speeches/24976