The ‘miracle’ is just around the corner!

SATURDAY, 01 JUNE 2013

The per-capita debt has exceeded the Rs.300,000 mark for the first time in history.

According to the report issued by the Central Bank of Ceylon the outstanding state debt has gone beyond Rs.6 trillion (6,000,000,000,000).

1/6th of these loans have been taken in 2012 and during the Chinese tour the President made arrangements to obtain Rs.281.6 billion more from China on very high interest.

According to Auditor General’s report for 2011 out of the loans taken, the government utilized less than 50% for development purposes.

Who are the heads of state institutions that incur colossal losses to country?

SATURDAY, 01 JUNE 2013

The country loses billions of rupees as a result of certain decisions taken by state institutions including Civil Aviation Authority of Sri Lanka that exceed cabinet decisions and government circulars states Auditor General’s Department.

It has been revealed in an audit inspection that Rs.3.5 million has been spent arbitrarily when paying annual bonus in Civil Aviation Authority.

The Auditor General’s Department states the country has lost billions due to erratic decisions taken by director boards of state institutions including that of Ceylon Petroleum Corporation, Ceylon Electricity Board, Water and Drainage Board and Sri Lanka Ports Authority. AG’s Department points out breaking down of most of these institutions is due to these arbitrary decisions.

When the government stated that institutions such as the CEB have been taken over by a mafia the President of National Trade Union Center (NTUC) K.D. Lal Kanthe challenged the government to reveal them. He further said the government vehemently denied when trade unions, specially the NTUC, stated that a mafia was active in state institutions.

Trade union leaders say if director boards of these institutions take decisions that exceed cabinet decisions and government circulars they would want to know who those powerful people in those director boards are.