The Hon. (Dr.) Anil Jayantha

Jathika Jana balawegaya· Gampaha· 19 August 2025 ·Debate: Debate: Gambling Regulatory Authority Bill, Public Debt Management Act Regulations, and Foreign Exchange Act Regulations

Public Finance

AI summary generated by gpt-5.5

Monetary financing of fiscal deficits was distinguished from routine Central Bank monetary operations such as open market operations and reserve management, with the clarification that recent changes in reserve and broad money do not amount to Government money printing for expenditure. The statement affirmed adherence to financial discipline under the State Finance Management Act and the State Debt Management Act.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Member, the public conflates monetary financing with monetary operations. Monetary financing—fiscal deficit monetization—is the harmful practice of the past. Present changes in reserve and broad money are under Central Bank monetary operations (OMOs, reserve management), not Government printing for spending. We uphold financial discipline under the State Finance Management Act and the State Debt Management Act.

Provenance

Source: Hansard, Tuesday, 19 August 2025 ·No. 1755860432040633 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 19 August 2025. No. 1755860432040633. Politick, https://staging.politick.io/lk/speeches/6643