The Hon. Arjuna Sujeewa Senasinghe, Attorney-at-Law

Samagi Jana Balawegaya· National List· 8 March 2025 ·Oral question: Question by Private Notice: Proposed Abolition of Simplified Value Added Tax

Public Finance

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Arjuna Sujeewa Senasinghe sought clarification on the extent of authority over the banking sector following the Central Bank Governor’s statement that the Bank can only guide, not direct, private or other banks. He asked whether the Minister can direct the Central Bank, whether the Central Bank acts independently in its decision-making, and whether it has powers to influence or control other banks.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Deputy Minister, the Central Bank Governor stated that they cannot give directives to the private or other banks and that they can only guide them. So, what is the actual status? We would like a clarification whether you have the authority to direct the Central Bank, whether the Central Bank has independent powers to make its decisions and whether they can manoeuvre the other banks.

Provenance

Source: Hansard, Saturday, 8 March 2025 ·No. 1743142289059261 ·English daily/uncorrected Hansard
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Cite as: The Hon. Arjuna Sujeewa Senasinghe, Attorney-at-Law. 10th Parliament, Parliament of Sri Lanka. Hansard, 8 March 2025. No. 1743142289059261. Politick, https://staging.politick.io/lk/speeches/8222