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Department of Debt Conciliation Board

The Debt Conciliation Board is established under the Debt Conciliation Ordinance No. 39 of 1941 as amended.  It was proposed to repeal of the Debt Conciliation Ordinance and a Bill was presented to the Cabinet in 2003. The Bill was approved. However, the 2004 Budget did not allocate separate funds under its Head No. 761 and provisions were made under the Mediation Board Commission. Hence separate expenditure statements of the department could not be provided. The department was revived in 2004 and separate allocation is sought for the department under the 2005 Budget.

 The New Committee of Debt Conciliation was appointed on the 30th June 2004, comprising the following members: -

 Mr.K.T.P.Fernando                         Chairman

 Mr.Buddhadasa Vithanage               Member

 Mr.K.A.P.Rajakaruna                       Member

 Mr.V.Kumaran                               Member

 Mr.D.Karunadasa Vithanage             Member


Table 4: Performance of the Dept of Debt Conciliation. (2002-2006)

Year

B/f

Applications

Settled

Dismissed

2002

546

295

155

274

2003

476

325

99

91

2004

547

175

89

21

2005

580

287 155 199
2006 997 295 102 122

 

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