Records for Rs. 1043 billion disappear from CB

June 24, 2017

It was revealed in Parliament yesterday (23rd) that transactions made with treasury bonds issued in January, 2015, transactions to the value of Rs. 1043 billion have not been recorded in the Treasury.

It was revealed every transaction made by the government through the Treasury is recorded and transactions made by other institutions are recorded in their balance sheets.

The latest report of the Public Accounts Committee (PAC), released yesterday in Parliament reveals that states and semi- government created local or foreign bonds exceeding their limits and according to information in 2015 the amount is Rs. 1043 billion.

Despite such transactions are not recorded by the Treasury, the Treasury will have to pay the monies on behalf of the government which would cause a contingent liability the Chief Accounting Officer of the Central Bank has told the PAC.

The report ws presented to parliament by the Chairman of PAC Lasantha alagiyawanna.