Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» lOFC definitely will hit 6/-
by stockback Today at 2:51 am

» CIND , 10% guaranteed return
by Teller Today at 2:46 am

» Look PAP Amazing company
by Teller Today at 2:44 am

» Bottom of market
by Teller Yesterday at 10:52 pm

» Triple Top Reversal pattern
by Teller Yesterday at 9:16 pm

» Keep eye on Politics
by Yahapalanaya Yesterday at 6:25 pm

» BFN - PRIVATE PLACEMENT ANNOUNCEMENT TO COME SOON
by mahasona2 Yesterday at 1:00 pm

» LOFC - LDEV -EXPO ....BULL RUN TIME FOR COLLECTION ..
by mahasona2 Yesterday at 12:54 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 12:38 pm

» PAN ASIA POWER
by Nuwan Samarawickrama Yesterday at 10:33 am

» Aluf will be better
by wisdom79 Yesterday at 8:50 am

» Stop promoting garbage. Don’t get deceived.
by wisdom79 Yesterday at 8:46 am

» RICH is not bad @ 9/-
by Teller Yesterday at 3:18 am

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by Teller Yesterday at 3:16 am

» Be careful with HVA and LITE
by Teller Yesterday at 3:11 am

» WATA future looks good
by Teller Wed Jun 19, 2019 10:00 pm

» If i am the EPF buyer,I will go for PLC
by Teller Wed Jun 19, 2019 9:59 pm

» LLUB Pattern reversed. Good buy @60, target +20%
by Teller Wed Jun 19, 2019 9:58 pm

» THE CURSE ON JKH
by Teller Wed Jun 19, 2019 9:04 am

» Why we should buy AEL.N0000…?
by Miss-Sangeetha Wed Jun 19, 2019 7:45 am

» The Curse Of AEL
by Yahapalanaya Tue Jun 18, 2019 11:06 pm

» Senthilverl Drives Sri Lanka Stock Market Turnover to hit Rs.2 billion
by Yahapalanaya Tue Jun 18, 2019 11:03 pm

» 8 Finance companaies to be closed very soon
by samaritan Tue Jun 18, 2019 8:52 pm

» Copreus (Pvt) Ltd - Need some Information
by Copreus Tue Jun 18, 2019 12:44 pm

» BALA can come down to 9/-
by Teller Tue Jun 18, 2019 12:27 am

» MARKET UP......BUT BFL....GRAN....TAFL......
by Trader321 Mon Jun 17, 2019 4:31 pm

» TAFL - GOLDEN EGG IN POULTRY SECTOR
by Trader321 Mon Jun 17, 2019 4:29 pm

» MGT.N0000 & TJL.N0000 keep eye.
by Trader321 Mon Jun 17, 2019 3:58 pm

» TAFL.N000 / GRAN.N0000
by Trader321 Mon Jun 17, 2019 3:57 pm

» Market will test 4700
by karuna2 Mon Jun 17, 2019 1:08 pm

» Loss-making stockbrokers may not last six months
by Miss-Sangeetha Mon Jun 17, 2019 12:51 pm

» Those who are having SUGA And HDEV (Hotel Developers)coming week you all can excpect Good News to come
by Capton KIng Cool Mon Jun 17, 2019 12:25 pm

» ECL wAS 2.8 Last week Today 4.7 .Whats Next? Acme?
by Capton KIng Cool Mon Jun 17, 2019 9:02 am

» IDL IDL IDL
by Teller Sat Jun 15, 2019 6:18 pm

» Look APLA its trending to 98LKR
by Teller Sat Jun 15, 2019 2:24 am

» SAMP Oversubscribed?
by Teller Sat Jun 15, 2019 2:13 am

» Apple Lost Sales in Europe to Chinese Firms Ahead of US Huawei Crackdown
by Teller Sat Jun 15, 2019 1:44 am

» Market is On The Rise.Market PER 8.5, EPF Has entered the market curently they are buying AEL (Access Enginering)There'r lot of counters. Rich,TkyoAsir,Amsl,Osea.CINV.EXPO,JINS and Tyre.good luck
by wisdom79 Fri Jun 14, 2019 7:55 pm

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by ddrperera Thu Jun 13, 2019 9:25 pm

» EPF Investment in Unquated copmanies .Who is responsible Previous Centeral Bank Governer and Former Regime.
by Capton KIng Cool Thu Jun 13, 2019 9:05 am

» PDL (Property Development)
by Capton KIng Cool Thu Jun 13, 2019 8:51 am

» EAST Steady at 18
by Cricketman Thu Jun 13, 2019 5:28 am

» Guys what happen these days
by Yahapalanaya Thu Jun 13, 2019 2:29 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » senior citizen Interest Subsidy arrears of 33 billion rupees

senior citizen Interest Subsidy arrears of 33 billion rupees

Go down  Message [Page 1 of 1]

Teller

Teller
Moderator
Moderator

Sri Lanka had racked up a subsidy arrears of 33 billion rupees by the end of 2018 to state and private banks over above market interest promised by the government to senior citizens, the Auditor General has said.

"The liability has not been revealed in the Financial Statements and it had not been revealed in the financial statements of the relevant institution too," the Auditor General said.

Any arrears do not get captured as spending in that year and the budget deficit may be understated. The interest arrears is about 0.22 percent of GDP.

Under budget proposals dating back to 2015, a 15 percent interest rate was to be paid for a one year deposits of senior citizens.

"The General Treasury should reimburse the amount related to the difference between this interest rates and the normal interest rates to the relevant banks," the AG said.

By 2018 the subsidy owed to 07 state banks and 22 private banks had become 33.198 billion rupees by end December 2018.

The finance ministry settled over 80 billion rxpees of arrears in the first quarter of 2019, which it said was delayed partly due to the so-called constitutional coup triggered by President Maithripala Sirisena in October.

Teller

Teller
Moderator
Moderator
What a hell? , whats wrong in sri Lanka?

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:What a hell? , whats wrong in sri Lanka?
Sri Lanka is placed in a 'hellhole' by the present govt.senior citizen Interest Subsidy arrears of 33 billion rupees Icon_evil

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum