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A committee reported on the Ministry of Finance's irresponsibility, leading to the establishment of a Public Debt Management Office (PMOD) within the Ministry of Finance.

1 report, 1 independent Updated Jul 1
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What happened

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A committee reported on the Ministry of Finance's irresponsibility, leading to the establishment of a Public Debt Management Office (PMOD) within the Ministry of Finance.

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How it developed

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  1. A committee summoned the Office of the Auditor-General to review the budget, leading to the OAG being absorbed by the Ministry of Finance.Sub-event
  2. The finance ministry and the Public Debt Management Office began a review into failures in public debt management on August 1, 2026.Sub-event
  3. The CID reported findings to the Committee on Public Finance regarding financial irregularities, including money laundering risks involving the Central Bank of Sri Lanka and Sri Lanka Customs.Sub-event
  4. A committee found the Ministry of Finance irresponsible, leading to the creation of a PMOD to take over foreign debt duties from the CBSL.1 source

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