Activist group warns over $808mn Balance of Payments discrepancy
Sri Lanka, June 17 -- The activist group, Dinana Dakuna Collective, has expressed serious concern over recent clarifications provided by the Central Bank of Sri Lanka regarding a discrepancy of USD 808 million recorded under the "errors and omissions" category in the Balance of Payments statement.
Issuing a statement, the group warned that society, Parliament, and financial authorities must pay close attention to the matter.
They acknowledged the technical explanation that "errors and omissions" is a standard accounting adjustment method used globally to reconcile mismatches in data reporting. However, they stressed that it is entirely inappropriate to dismiss such a large figure as merely a "timing delay" or routine data error.
The co...
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