A top official said the Finance Ministry would present this supplementary estimate in Parliament shortly, seeking its approval to allocate this money to these two state-owned enterprises (SOEs)

Of this, Rs. 129 billion would be allocated to the CEB and Rs. 109.9 billion to the national carrier, he added.

It has been revealed that the total outstanding liability of the CEB and the SLA to the Ceylon Petroleum Corporation (CPC) increased to Rs. 238.9 billion due to the weak financial position and liquidity constraints of the two SOEs.

On the other hand, the CPC has residual liabilities to the government for its on-lending of the Indian Line of Credit facility (US$ 697 million), liabilities to the National Iran Oil Company ($251 million), and the Bank of Ceylon (Rs. 26.2 billion) at the end of April 2023, a Finance Ministry fiscal report revealed.