Payments amounting to Rs.357 Bn owed to contractors - Treasury reports | Daily News

Payments amounting to Rs.357 Bn owed to contractors - Treasury reports

Treasury reports reveal that there are outstanding payments amounting to Rs. 357 billion to contractors for many development projects completed across the country, including roads, bridges, government buildings and small tank embankments.

Acting Minister of Finance Ranjith Siambalapitiya said that this amount is mentioned as outstanding payments as at August 31 this year.

Siyambalapitiya emphasized that the Treasury is not able to pay such a large outstanding amount to the contractors at once. He said the money owed will be released to them in installments.


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