Hon. (Dr.) Anil Jayantha
Hon. (Dr.) Anil Jayantha clarified the distinction between Central Bank currency issuance and monetary financing of the Treasury through purchases of Treasury securities. He stated that the latter had not occurred and that the Treasury surplus reflected normal Treasury cash operations, including revenue, refinancing of existing debt, and maintaining a cash buffer, rather than “money printing.”
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Speaker, I wish to clarify about “money printing.” Central Bank note issuance is one thing; what people mean is monetary financing—CBSL buying Treasury securities to fund the Treasury. That has not been done. The Treasury surplus is from Treasury operations—cash balances from revenue and liability management, including borrowing to refinance old debt and building a cash buffer. That is not money printing.
Provenance
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- Hansard, Tuesday, 19 August 2025 ·No. 1755860432040633 ·English daily/uncorrected Hansard
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Cite as: Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 19 August 2025. No. 1755860432040633. Politick, https://staging.politick.io/lk/speeches/6664