Oct 14, Colombo: Sri Lanka's main opposition United National Party (UNP) says the government must inform parliament of the action taken on state institutions based on the findings of the Committee on Public Enterprises (COPE).
UNP MP and Chief Opposition Whip John Amaratunga has said parliament is the custodian of public finances and the COPE is exercising this custodianship.
He has explained that the COPE in its report has shown that millions of rupees have been squandered in loss-making ventures.
"This has been compounded by mismanagement and corruption at unprecedented levels," Amaratunga has said.
According to the Chief Opposition Whip, the COPE report would be just another report if the government fails to take any action on the state institutions that have been faulted by the COPE.
The COPE headed by Senior Minister D.E.W. Gunasekera has made 20 recommendations after examining 247 state institutions.
The report found that 98% of the loss of the public enterprises was borne by four state companies, namely, Ceylon Petroleum Corporation (CPC), Ceylon Electricity Board (CEB), national carrier SriLankan Airlines and the budget airline Mihin Air.
COPE can only inquire into the allegations raised against public institutions and officials, but cannot institute any action against them.