Nandalal Takes a Step Back

Nandalal Takes a Step Back

The Governor of the Central Bank of Sri Lanka (CBSL)  who argued with the  Committee on Public Finance (COPF) has now informed chairman of the COPF, MP Dr. Harsha de Silva that all all recommendations from COPF report on salary revisions are been accepted.

A  Central Bank staff officer  who spoke to Lanka News Line said that the Governor “is now trying to play safe. The whole salary issue was ill planed adventurism’ said a senior officer who further said that what ever the rules are it is custom and practice to consult the Minister before making salary  revisions of this nature and its common-sense to understand that the public who don’t have three meals to eat would be angered with these hugh salary increases.

Dr. Harsha de Silva said that  President Ranil Wickremesinghe will appoint a committee to review salaries as soon as possible, until which salary increases will be deferred from next month.

Furthermore, he stated that they have agreed on a 4-week timeframe for the committee’s report to ensure a swift resolution.

Reasonable Adjustments

COPF says it expects this committee to arrive at reasonable adjustments in remuneration for all staff categories, keeping in mind the expertise of the specialised staff and comparability of the same as relevant to the Central Bank.

Proposing that the methodology for determining salaries of professional staff be decoupled from non-professional and minor staff, the COPF went on to recommend that this committee arrive at a transparent formula for future revisions to CBSL staff remuneration.



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