By: Isuru Parakrama
October 29, Colombo (LNW): Cabinet spokesman Minister Vijitha Herath, refuted recent reports suggesting that the current administration has been printing money or securing foreign loans, stating emphatically that no such actions have been taken.
Addressing the weekly Cabinet briefing, Herath clarified that the government has maintained fiscal restraint in its financial operations.
Herath emphasised that under the present system, any newly printed currency would require the signature of President Anura Kumara Dissanayake, who also serves as the Minister of Finance.
No currency bearing the President’s signature, therefore, has been released, Herath noted, adding that the government is committed to avoiding monetary expansion.
The Cabinet Minster also addressed the specific claim that Rs. 1 billion in new treasury bills had been printed, dismissing it as entirely false and unsupported.
He noted that misinformation on this matter could potentially disrupt public confidence and reiterated the government’s transparent approach in managing national finances.
This clarification aligns with the government’s recent fiscal stance, which prioritises stability and accountability without resorting to money printing or external borrowing.
