The Central Bank of Sri Lanka (CBSL) has informed that it has accepted the recommendations made by the Parliamentary Committee on Public Finance (COPF) related to the recent salary hike of its employees.
COPF Chairman MP Harsha de Silva announced the CBSL’s decision, stating that the CBSL’s accountability to the Parliament has been established.
He further said that the Central Bank Governor informed the COPF today that they accepted all recommendations from the COPF report on salary revisions.
MP de Silva went on to note that President Ranil Wickremesinghe is to appoint a committee immediately to review salaries, until which salary increases will be deferred from next month.
“We also agreed on a 4-week timeframe for the committee’s report to ensure a swift resolution. I am glad we were able to come to a consensus without an amendment to the CBSL Act. Thank you to all involved for working towards a positive outcome,” he added.
The matter was brought before the COPF after it was raised in Parliament proceedings, with several MPs questioning the revision of remuneration of CBSL employees that was approved by the bank’s Governing Board.
At the time, the CBSL Executive Officers’ Union issued a clarification, stating that the salary increment was provided under the triennial Collective Agreement entered into with the Trade Unions covering the period 2024- 2026.
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