Advocata backs proposal to allow Attorney General’s Department reps at COPE meetings

29 October 2019 09:46 am - 0     - {{hitsCtrl.values.hits}}

A A A

Colombo-based think tank Advocata, which promotes free market principles, yesterday urged the government to prioritise a suggestion to include the Attorney General’s Department representatives at the Committee on Public Enterprises (COPE) proceedings.


The third report of the COPE was presented to Parliament on October 23, 2019. 


While presenting the latest report, its Chairman MP Sunil Handunnetti requested the speaker to allow the Attorney General’s Department representatives to observe the proceedings of the COPE, in efforts to expedite the accountability of those responsible. 


“Advocata welcomes the recommendation to include representatives of the Attorney General’s Department at the Committee on Public Enterprises proceedings and urges the government to prioritise this suggestion,” Advocata said in a statement. 


According to the Finance Ministry annual report 2018, Sri Lanka’s debt amounts to 82.9 percent of GDP. Advocata pointed out that with domestic debt amounting to 41.6 percent of GDP, the Treasury cannot bail out the loss-making state-owned enterprises (SOEs) year after year.


Advocata said it strongly believes Sri Lanka needs to reduce the waste that happens by way of SOE losses, corruption and monumental investments with poor rate of return. 


The COPE is a key committee that oversees the SOEs in Sri Lanka and its duty is to examine the accounts of the public corporations and of any business undertaking 
vested in the government. 


The third report of the COPE highlighted that Ceylon Petroleum Corporation made substantial losses of Rs.105 billion in 2018. It also revealed that the losses made by the National Water Supply and Drainage Board amounted to Rs.505 million and the losses made by Elkaduwa Plantation Limited amounted to Rs.33 million. 


Since the opening of the COPE proceedings to the media in August 2019, there has been a significant increase in the scrutiny of the conduct and financials of the loss-making SOEs, in the mainstream discussions.


This has promoted the transparency of the hearings as well as the accountability of the respective SOEs and the COPE.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.