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Wajira says new tax formula meant to consolidate economy

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MP Wajira Abeywardena addressing the media at Sirikotha on Tuesday (03) Pic by Nimal Dayaratne

UNP lawmaker Wajira Abeywardena yesterday (03) claimed that the proposed new tax structure would be beneficial to the ordinary people.

The National List MP warned that holding of Local Government polls as scheduled before March 20 would be detrimental to the ongoing efforts to stabilise the economy. The former minister said so addressing the media at ‘Sirikotha’ where he lambasted the Opposition for demanding Local Government polls.

MP Abeywardena said that further printing of currency notes to conduct proposed election would undermine ongoing efforts to stabilize troubled economy. The former Galle District MP succeeded Ranil Wickremesinghe after the latter was elected by a majority vote in parliament to complete the remainder of Gotabaya Rajapaksa’s five-year term as the President.

Lawmaker Abeywardena alleged that though President Ranil Wickremesinghe promised to adopt system change proposed by youth, the Opposition was continuing with the old strategies meant to destabilize. Underscoring the pivotal importance of implementing the new tax formula at least for some period, that would be crucial to reviving the national economy.

The MP expressed confidence that the runaway inflation could be controlled by implementing the new tax formula. Led by the Government Medical Officers’ Association (GMOA) , professionals are up in arms against the new tax structure which they alleged would influence many families to leave the country.

The UNPer questioned the need for Local Government polls at this juncture as it wouldn’t cause change of government and may result in further burden on hapless public.

The former minister said that those who had been trying to undermine the government conveniently forgot how President Wickremesinghe took tangible measures to restore supply of essential items within weeks after he assumed the presidency. President Wickremesinghe brought an end to untimely deaths at various fuel and gas queues across the country.

In spite of continuing economic problems, President Wickremesinghe’s government was working overtime to improve the situation and stabilize the country in 2023, the MP said, while explaining specific measures taken by the government after the UNP leader assumed presidency in July 2022 (SF)



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The government is implementing a comprehensive programme to restore the livelihoods of fishermen and businesses affected by Cyclone Ditwah – PM

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Prime Minister Dr. Harini Amarasuriya stated that the Government has implemented a comprehensive programme to assist the fishing community and micro, small, medium, and large-scale entrepreneurs affected by Cyclone Ditwah in rebuilding their livelihoods.

The Prime Minister made these remarks while responding to questions in Parliament on Tuesday (09) regarding the relief measures introduced for those affected by the disaster.

Prime Minister Dr. Harini Amarasuriya stated:

“The Ministry of Fisheries, Aquatic and Ocean Resources has initiated a special assistance programme for both marine and inland fishermen affected by Cyclone Ditwah. Under this programme, new fishing vessels will be provided to replace those that were completely destroyed, while partially damaged vessels will be repaired. The distribution of fishing nets to eligible fishermen has also commenced.

To support the recovery of businesses damaged by the cyclone, the Government has introduced a concessional loan scheme carrying an annual interest rate of 3 per cent. The programme, with a total allocation of Rs. 10,000 million, is being implemented through 15 banks. As at 28 April 2026, loans amounting to Rs. 3,812 million had been disbursed to 2,800 entrepreneurs. The scheme offers a repayment period of up to three years, including a six-month grace period, with the objective of enabling businesses to resume operations without delay. Applicants are required to obtain recommendations from the Grama Niladhari and the Divisional Secretary certifying that the business was operational before the cyclone and that it was affected by the disaster.

The Prime Minister further stated that, on the instructions of the Central Bank of Sri Lanka, licensed banks have granted a moratorium on loan repayments and waived penalty interest until 31 January 2026. The Prime Minister also emphasized that compensation payments to affected entrepreneurs are continuing in accordance with the relevant ministerial circulars and disaster relief guidelines.

[Prime Minister’s Media Division]

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Formulation of a Draft Economic Development Bill to expedite the process of Digital Transformation and Digital Economic Development

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It is essential to establish an institutional framework with legal powers to ensure the effective implementation of national digital policy and guidelines.

Quality human capital should be attracted to this institutional framework for the compilation of policies, implementation of policies, regulation, and empowerment of operations. The continuous participation of the private sector should also be considered in establishing a strong institutional framework.

It has been further identified that attention should also be
drawn to new fields of digital innovation, including support for artificial intelligence and related activities.

Taking into consideration the aforementioned matters, a concept paper has been formulated to prepare a Draft Economic Development Bill for the establishment of a new institutional framework.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the  President in his capacity as the Minister of Digital Economy to instruct legal draftsman to formulate a Draft Economic Development Bill based on the aforementioned concept paper.

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Cabinet approval for Sri Lanka Community and Health Survey – 2026/2027

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The Sri Lanka Community and Health Survey is the main data source for obtaining necessary information for reviewing progress toward achieving the national health development goals, as well as the expected sustainable development goals by 2030.

The last survey was conducted in the year 2016, and the Sri Lanka Community and Health Survey should be conducted to obtain updated data to enable the collection of related data and indicators concerning the health and well-being targets of the Global Sustainable Development Objectives.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to take necessary steps to conduct the aforementioned survey.

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