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Opp. alleges Speaker disrupts CoPF ahead of vote on CBSL Bill
By Shamindra Ferdinando
The Opposition yesterday (08) lambasted Speaker Mahinda Yapa Abeywardena for what it called a move to disrupt the Committee on Public Finance (CoPF) ahead of the vote on a Bill titled ‘Central Bank of Sri Lanka.’
Top spokespersons for the Nidahas Janatha Sabhawa (NJS) Prof. G.L. Peiris, MP, and the main Opposition Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva frowned on the indefinite postponement of the appointment of the Chairman of the watchdog committee.
Addressing the media, at the NJS Office, at Nawala, Prof. Peiris flayed the government over the proposal to set up a so-called ‘Independent Budget Office’ for greater scrutiny on public finance, whereas the time-tested apparatus was disrupted. The former External Affairs Minister, and retired top law academic, alleged that the government was hell-bent on disrupting the CoPF. The Opposition raised the issue as knowledgeable people questioned the need for such a set manned by two persons expected to be given wide powers.
The rebel SLPP National List MP said that the denial of the Chairmanship of the CoPF to the Opposition was a serious violation of the Standing Orders of Parliament. The former Minister emphasized that the Wickremesinghe-Rajapaksa government wanted to cripple the vital all-party body.
Dr. de Silva declared that the SLPP Speaker postponed the scheduled selection committee meeting to appoint the Chairman of CoPF in spite of it being the only watchdog committee chaired by the Opposition. Responding to The Island queries, the economist said that though the second reading of the Bill, titled ‘Central Bank of Sri Lanka,’ was to take place, CoPF couldn’t peruse it yet, the one-time UNP State Minister said.
The SJB lawmaker warned that yet another pro-tem Chairman would be appointed today (09) to ensure approval for the relevant Bill, ahead of the second reading and vote on May 11.
Alleging that this was an extremely serious violation of Standing Orders, particularly against the backdrop of the sensitive nature of the Bill concerned and economic ruination, Dr. de Silva emphasized that CoPF was the only committee that looks into the future whereas the Committee on Public Accounts (CoPA) and Committee on Public Enterprises (COPE) examine past audits.
Both Prof. Peiris and Dr. de Silva alleged that the government disrupted the CoPF at the very beginning of the latest session. Dr. de Silva represented the SJB in the third session of the 9th Parliament though the election of new Chairman following the prorogation with effect from January 27, 2023.
Trouble erupted when the SLPP nominated SJB lawmaker Mayantha Dissanayake as Chairman of CoPF in the fourth week of February, 2023, in spite of the Opposition re-nominating Dr. de Silva. Two days later, National List MP Dissanayake resigned. However, the ruling party nominated the sole UNP National List MP in Parliament, Vajira Abeywardena, as the Acting Chairman, regardless of the Opposition demand that de Silva received the CoPF leadership.
Prof. Peiris said that since then the government prevented the finalization of the appointment though the administration assured the International Monetary Fund (IMF) tangible measures would be taken against waste, corruption, irregularities and mismanagement.
Dr. de Silva alleged that Speaker Abeywardena was pursuing a political agenda at the expense of his duty to ensure the responsibility on the part of Parliament regarding public finance.
Prof. Peiris said that the entire gamut of issues would be taken up with the IMF delegation, expected to visit Colombo in about two weeks. The ex-Minister insisted that the disruption of CoPF couldn’t be justified, under any circumstances.
At the onset of the briefing, Prof. Peiris said that the government was yet to address the issues at hand with an open mind. Instead, the government sought to muddy the waters by calling a vote on the IMF bailout package, the former minister said, declaring that there was no requirement for a vote.
Sri Lanka obtained IMF bailout packages on 16 previous occasions. Prof. Peiris stressed that in spite of Parliament approving the agreement with the IMF (120 voting for and 25 against), a future government would definitely seek to renegotiate it. The ex-minister repeated concerns over the restructuring of domestic debt and its impact on the EPF (Employees’ Provident Fund). According to him, the Opposition was contemplating the possibility of taking legal action to prevent the government from laying its hands on EPF funds.
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Landslide Early Warnings issued to the Districts of Badulla, Kandy, Matale, Monaragala and Nuwara Eliya
The Landslide Early Warning Center of the the National Building Research Organaisation [NBRO] has issued landslide early warnings to the districts of Badulla, Kandy, Matale, Monaragala and Nuwara Eliya for a period of 24 hours effective from 1200 noon today [07th January].
Accordingly,
LEVEL III RED landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Udadumbara in the Kandy district, and Nildandahinna and Walapane in the Nuwara Eliya district.
LEVEL II AMBER landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Kandaketiya in the Badulla district, Wilgamuwa in the Matale district, and Mathurata and Hanguranketha in the Nuwara Eliya district.
LEVEL I YELLOW landslide early warnings have been issued to the divisional secretaries divisions and surrounding areas of Meegahakiwula, Lunugala, Welimada, Passara, Badulla and Hali_Ela in the Badulla district, Doluwa in the Kandy district,Ambanganga Korale in the Matale district, and Bibile in the Monaragala district
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Prez seeks Harsha’s help to address CC’s concerns over appointment of AG
Chairman of the Committee on Public Finance (CoPF), MP Dr. Harsha de Silva, told Parliament yesterday that President Anura Kumara Dissanayake had personally telephoned him in response to a letter highlighting the prolonged delay in appointing an Auditor General, a vacancy that has remained unfilled since 07 December.
Addressing the House, Dr. de Silva said the President had contacted him following the letter he sent, in his capacity as CoPF Chairman, regarding the urgent need to appoint the constitutionally mandated head of the National Audit Office. During the conversation, the President had sought his intervention to inform the Constitutional Council (CC) about approving the names already forwarded by the President for consideration.
Dr. de Silva said the President had inquired whether he could convey the matter to the Constitutional Council after their discussion. He stressed that both the President and the CC must act in cooperation and in strict accordance with the Constitution, warning that institutional deadlock should not undermine constitutional governance.
He also raised concerns over the Speaker’s decision to prevent the letter he sent to the President from being shared with members of the Constitutional Council, stating that this had been done without any valid basis. Dr. de Silva subsequently tabled the letter in Parliament.
Last week, Dr. de Silva formally urged President Dissanayake to immediately fill the Auditor General’s post, warning that the continued vacancy was disrupting key constitutional functions. In his letter, dated 22 December, he pointed out that the absence of an Auditor General undermines Articles 148 and 154 of the Constitution, which vest Parliament with control over public finance.
He said that the vacancy has severely hampered the work of oversight bodies such as the Committee on Public Accounts (COPA) and the Committee on Public Enterprises (COPE), particularly at a time when the country is grappling with a major flood disaster.
As Chair of the Committee responsible for overseeing the National Audit Office, Dr. de Silva stressed that a swift appointment was essential to safeguard transparency, accountability and financial oversight.
In a separate public statement, he warned that Sri Lanka was operating without its constitutionally mandated Chief Auditor at a critical juncture. In a six-point appeal to the President, Dr. de Silva emphasised that an Auditor General must be appointed urgently in the context of ongoing disaster response and reconstruction efforts.
“Given the large number of transactions taking place now with Cyclone Ditwah reconstruction and the yet-to-be-legally-established Rebuilding Sri Lanka Fund, an Auditor General must be appointed urgently,” he said in a post on X.
By Saman Indrajith
News
Govt. exploring possibility of converting EPF benefits into private sector pensions
The NPP government was exploring the feasibility of introducing a regular pension, or annuity scheme, for Employees’ Provident Fund (EPF) contributors, Deputy Minister of Labour Mahinda Jayasinghe told Parliament yesterday.
Responding to a question raised by NPP Kalutara District MP Oshani Umanga in the House, Jayasinghe said the government was examining whether EPF benefits, which are currently paid as a lump sum at retirement, could instead be converted into a system that provides regular payments throughout a retiree’s lifetime.
“We are looking at whether it is possible to provide a pension,” Jayasinghe said, stressing that there was no immediate plan to abolish the existing lump-sum payment. “But we are paying greater attention to whether a regular payment can be provided throughout their retired life.”
Jayasinghe noted that the EPF was established as a social security mechanism for private sector employees after retirement and warned that receiving the entire fund in a single installment could place retirees at financial risk, particularly as life expectancy increases.
He also cautioned that interim withdrawals from the EPF undermined its long-term sustainability. “Even the interim payments that are given from time to time undermine the ability to give security at the time of retirement,” he said, distinguishing the EPF from the Employees’ Trust Fund, which provides more frequent interim benefits.
Addressing concerns over early withdrawals, the Deputy Minister explained that contributors have been allowed to withdraw up to 30 percent of their EPF balance since 2015, with a further 20 percent permitted after 10 years, subject to specific conditions and documentary proof.
Of 744 applications received for such withdrawals, 702 had been approved, he said.
The proposed shift towards an annuity-based system comes amid broader concerns over Sri Lanka’s ageing population and pressures on retirement financing. While state sector employees receive pensions funded by taxpayers, including EPF contributors, the EPF itself has been facing growing strain as it is also used to finance budget deficits.
Jayasinghe said the government’s focus was to formulate a mechanism that would ensure long-term income security for private sector employees, placing them on a footing closer to a pension scheme rather than a one-time retirement payout.
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