Treasury Has Misled Parliament By Presenting Wrong Estimates: CB Governor Reveals Before Public Finance Committee

Central Bank Governor Dr. Nandalal Weerasinghe said the Treasury had misled Parliament by presenting wrong estimates.

The Governor said wrong estimates on state income had been presented to Parliament misleading the policy makers.

This, he said, led to a higher budget deficit and plunged Sri Lanka into a debt trap.

S.R. Attygalle, a close ally of former Secretary to the President, served as the Treasury Secretary during the period under question.

The Central Bank Governor made these remarks while making a statement before the Public Finance Committee in Parliament.

Committee Chairman Anura Priyadarshana Yapa told the CB Governor to present a comprehensive report to the legislature on stabilizing the economy.