41 SOEs yet to release public financial data up to 2022

Only 11 out of 52 state-owned enterprises (SOEs) have published financial data up to 2022, the public finance update by Verite Research showed.

As of June 30, 2023, 41 of the 52 SOEs identified by the Finance Ministry have not released any financial reports.

“This progress does not align with Sri Lanka’s commitment to the International Monetary Fund to ensure the publication of financial reports for all 52 key SOEs by the end of June 2023, as a part of its most recent programme,” said Verite Research in its update.

Publication of financial information plays a crucial role in enhancing the transparency and accountability of the SOEs.