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

The Hon. (Dr.) Anil Jayantha

Jathika Jana balawegaya· Gampaha· 8 March 2025 ·Oral question: Question by Private Notice: Proposed Abolition of Simplified Value Added Tax

Public Finance
AI summary generated by gpt-5.5

Dr. Anil Jayantha said details should be sought from the Central Bank on the measures and instruments it can use to monitor and, where necessary, direct financial institutions, including on activities affecting interest rates. He acknowledged a gap between policy rates and prevailing market interest rates, and said Central Bank monitoring combined with broader economic revival measures should address the issue. He added that maintaining price levels, a normal yield curve, and long-term financial system stability are key objectives of the economic recovery effort.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Actually, we need to get details from the Central Bank as to what measures they could take and tools they could use. Basically, they are supposed to monitor. But, if it is needed, sometimes some directives may also be given to financial institutions, like not to engage in certain activities. Especially when it comes to interest rates, what the Central Bank does is, it closely monitors the specified policy rates. But, of course, we admit that there is a gap between the policy rates and the current interest rates. As I just highlighted, parallel actions—the Central Bank’s monitoring actions and the economic revival efforts—would resolve the problems. As of now, things are going very well. As I told you, the now normal yield curve is a very good indicator for investors to see how the economy is being driven. So, we need to maintain this particular price level and ensure stability of the financial system in the long run. So, that is one of our objectives in economic revival. Thank you.

Provenance

Source
Hansard, Saturday, 8 March 2025 ·No. 1743142289059261 ·English daily/uncorrected Hansard
Page · column
not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
Permalink
/lk/speeches/8223

Cite as: The Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 8 March 2025. No. 1743142289059261. Politick, https://staging.politick.io/lk/speeches/8223