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Debt Office: JO to file action in Supreme Court

15 November 2016 01:28 pm - 8     - {{hitsCtrl.values.hits}}


The joint opposition said today it would file action in the Supreme Court with regard to the budget proposal to set up an Independent Debt Office at the General Treasury.

MP Bandula Gunawardane said it was the Central Bank and not the Treasury which has the authority to monitor the country’s debt control.

“The proposed debt office will be directly responsible for managing the country’s domestic and foreign debt and that of the debt stock. This move will only aggravate our fiscal plight,” he told a news conference.

The MP said the authority of the Central Bank to monitor bank transactions had been snatched through another proposal so as to hand it over to a ‘National Payment Platform (NPP).

“These are the moves to privatise the Central Bank. We will write to the President and the Prime Minister about this matter while filing a case in Supreme Court,” he said. (Lahiru Pothmulla)

Video by Sanjeewa

  Comments - 8

  • daily boru Tuesday, 15 November 2016 02:14 PM

    Whenever the JO goons go to Supreme court the verdict comes in return post but not when the government goes.

    kaboos Tuesday, 15 November 2016 02:17 PM

    Bandula will oppose every move that government starts.

    Arjuna Tuesday, 15 November 2016 09:42 PM

    Hon MP. good move. Protect peoples rights, we will support you.

    Ratnayake Tuesday, 15 November 2016 10:59 PM

    Personally don't like JO but this man has exposed a possible racket before it starts. Budgets are about how to manage income and expenditure and not about how to manipulate the system and rob the nation.

    Leo Tuesday, 15 November 2016 11:58 PM

    The great economist showing off how much nonsense he can produce. via DM Android App

    ala Tuesday, 15 November 2016 01:34 PM

    A good move.

    ANTON Tuesday, 15 November 2016 01:37 PM


    Selvyn Tuesday, 15 November 2016 01:46 PM

    This man exposed his ignorance when he was with Ali Baba. Now he has become a clown via DM Android App

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