The Senate Standing Committee on finance has revealed that two trillion rupees belonging to state-owned enterprises are currently beyond direct government control and oversight.
One trillion rupees of those funds remain specifically outside the mandated Single Treasury Account framework, according to figures disclosed during the committee session.
Government institutions have been keeping billions in private bank accounts, independently generating profits rather than depositing their funds into the national treasury system.
Senator Anusha Rahman confirmed the figures to the committee, stating that the scale of these hidden funds raises serious concerns about fiscal transparency in the country.
Committee members expressed regret that the government struggles to secure small loans while public institutions conceal enormous sums inside private banking accounts.
Regulations require all state-owned enterprises to maintain their funds within the Single Treasury Account to ensure stronger fiscal management and consolidated national financial resources.
Institutions have been criticised for violating those rules by earning profits from government money while simultaneously covering their own administrative expenses using those same funds.
The committee has formally demanded a comprehensive report from the Ministry of Finance, seeking full disclosure of all funds held outside the treasury account system.
