Sri Lanka’s public sector vehicle expense rises dramatically View(s):At a time when the public finances of the government is facing challenges on many fronts, Sri Lanka’s capital expenditure for the procurement of vehicles for public sector institutions has increased dramatically during the past two years, an official report revealed. According to available official data, while the outlay for public vehicle acquisition was about Rs.1.4 billion a year in 2015 and 2016, it has increased to over Rs.16 billion in 2017 and Rs.9 billion in 2018, an increase of 12 and 9 times, respectively. Therefore, improved informational standards and due diligence along with a necessary cut in public expenditure including expenses for public vehicle procurement have become the order of the day, he added. 2.58 billion for other public vehicles. In 2018 the Treasury has spent Rs.2.67 billion on navy vehicles, Rs.6.1 billion for locomotives/compartments, Rs.200 million for health sector vehicles, Rs.53 million for Police and STF vehicles and Rs.28 million for a Parliament bus.

Source: Sunday Times April 27, 2019 20:00 UTC