More power for COPE and PAC
The Treasury has agreed to provide a sum of Rs. 100 million based on the Budget proposals of 2005 to strengthen the Committee on Public Enterprises (COPE) and the Public Accounts Committee (PAC).

COPE Chairman Rohitha Bogollagama stated this to Parliament last Tuesday.
COPE has met on 112 occasions and examined 48 institutions during the one year period between October 2004 and October 2005, the minister said.The Committee has so far submitted two reports in respect of 15 public enterprises including the Ceylon Petroleum Corporation, the Ceylon Electricity Board and the Ports Authority.

The Committee found there were serious financial irregularities in all these institutions and made several recommendations on how to improve their financial management.

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