Tag: Government to save Rs15bn by moving its accounts to private banks: FM

Ravi K

Govt to save Rs15bn by moving its accounts to private banks: FM

Dec 20, 2015 (LBO) – Sri Lanka’s Finance Ministry is to transfer part of the government accounts maintained by the state banks to private banks in order to reduce state expenditure.Finance Minister Ravi Karunanayake told Parliament Saturday that there will be a cost saving of about 15 billion rupees through the new proposal.“State banks currently […]