Opinion
Asia Progress Forum: Sri Lanka needs a Budget for sovereignty and modernisation
The manifesto of the National People’s Power (NPP) stated that it would build “a thriving nation, a beautiful life” by creating a productive economy and eliminating waste and corruption. Such an objective cannot be achieved in the first budget itself, but the budget can indicate whether the government is moving towards that objective.
Unfortunately, the NPP government’s current policy directions do not reflect even the beginning of a decisive break from the neoliberal pattern of underdevelopment that Sri Lanka has followed since 1977. The government is broadly proceeding within the framework of the 17th IMF programme which has not even been renegotiated.
The IMF does not consider development at the social level, and is not concerned with integrated development and structural transformation. Its narrow framework is designed to lock countries in a debt trap of underdevelopment and dependency. Its policy cocktail is antithetical to industrialisation and modernisation of the economy, which alone can uplift the livelihoods of Sri Lanka’s people.
The NPP’s current focus and budget proposals appear to be short-term, prioritising immediate survival over long-term planning, with no coherent strategy or vision for the future. In doing so, it is advancing the same economic agenda as preceding governments which offers no escape from the current crisis. Without a shift in direction, the country risks descending once again into chaos.
The Asia Progress Forum proposes the following measures be taken to provide immediate relief to the people, and to lay the groundwork for future sovereign development of the country:
Repeal laws that violate Sri Lanka’s economic sovereignty
The government is constrained by the harsh conditions of the 17th IMF programme, entered into by the previous government. The following laws imposed by the IMF have severely constrained our economic independence: The Central Bank Act No. 16 of 2023, The Public Financial Management Act No. 44 of 2024, The Economic Transformation Act No. 45 of 2024, and the Public Debt Management Act No. 33 of 2024. A Commission of Inquiry should be appointed to investigate the circumstances under which these laws were enacted and the possibility of undue foreign pressure. These laws have placed severe constraints on the government’s fiscal and monetary autonomy and should be repealed.
Establish a development bank for manufacturing industries – A key campaign proposals by the NPP was the establishment of a development bank. This proposal was also an unfulfilled promise of the Sri Lanka Podujana Peramuna (SLPP) government. Sri Lanka is one of the only countries in Asia without a state-owned development bank. History has shown that development is not possible without national provision of credit for domestic manufacturing industries. Therefore, the establishment of a state-owned development bank is an utmost priority.
Stabilise agriculture and food sovereignty
In view of the crisis in the rice market, the government should allocate funds to revive the Paddy Marketing Board (PMB) so that it can challenge the monopoly of private mill owners and middlemen. In the future, PMB should be used to buy paddy at a competitive price from farmers and distribute it to the people. PMD reserves should be released to the market to prevent hoarding by private monopolies.
Promote fisheries – As fish is a major source of local protein consumption and many families depend on the fisheries sector, the government should allocate funds to improve our cold storage and transport facilities. The government may consider installing Fish-aggregating devices (FADs) in identified locations in Sri Lanka’s EEZ based on spatial data. FADs increase fish catch and helps to bring down fuel costs for fishing vessels. Funding for the existing programme to provide all fishing vessels with electronic identification should be augmented to combine it with communications equipment to signal distress and to report to trawlers on locations of fish shoals.
Support workers in FTZs
Funds should be allocated to provide public facilities, including housing, sanitation, and healthcare services to the workers in the Free Trade Zones. As these workers are essential for the country’s capacity to generate foreign currency, better provision of public services will be beneficial to both the workers and the export sector by mitigating days lost due to physical and social ailments.
Debt relief for SMEs and victims of microfinance
The government should support restructuring or write-off of private debt, borrowed by micro/small/medium enterprises under transparent criteria. Small businesses which have been affected badly by the crisis should receive government funding (in the form of soft loans) and other support to ride out the crisis.
Fair taxation – The IMF-mandated tax reforms have disproportionately targeted the incomes of workers through regressive taxes such as VAT. The budget should introduce a reasonable taxation system in which the corporates and the super-rich are taxed proportionately. The PAYE tax threshold should be increased with the gap between tax slabs wider than what it is currently. Corruption and inefficiencies in tax administration should be immediately addressed. Caution must be exercised in plans to introduce a Digital Service Tax (DST) and a Global Minimum Tax (GMT). DST should not be structured in a way that transfers the tax burden to consumers. Extensive consultation should be done before agreeing to a GMT, which has been demonstrated as disadvantageous for developing countries.
Increasing wages – Wages in Sri Lanka have not risen in a level commensurate with inflation. Therefore, wages board minimum wages for public and private sector employees should be increased to match the real cost of living. A national insurance scheme should be established for own-account workers such as seamstresses and carpenters.
National audit of unutilised resources
The government should undertake a nationwide audit of underutilised national assets and resources including land, buildings, machinery and equipment. A plan should be formulated to put these resources to productive use, with the added benefit of providing employment.
These proposals point to the beginning of the change of direction needed to secure Sri Lanka’s long-term development potential. The crisis that Sri Lanka is in necessitates a return to rational planning of the economy and development of state capacity to implement proactive industrial policies. Blind faith in the market and the existing private sector is insufficient to drive structural transformation and uplift the lives of Sri Lanka’s citizens. Part of such a strategy will also require Sri Lanka to rekindle its ties with the Global South through organisations such as BRICS and the Belt and Road Initiative.
(Asia Progress Forum is a collective of like-minded intellectuals and activists dedicated to building dialogue that promotes Sri Lanka’s sovereignty, development, and increasing engagement in South-South cooperation. APF may be contacted at asiaprogressforum@gmail.com)
Opinion
Sovereignty without Governance is a hollow shield
Globalisation exposes weakness and failed governance; and invites intervention – A message to all inept governments everywhere
The government of Burkina Faso has shattered the illusion of party politics, dissolving every political party in the nation. Its justification is blunt: parties divide the people, fracture sovereignty, and allow corrupt elites to hijack the sacred powers that belong to the citizenry.
This is not an aberration. It is the recurring disease of fragile states. Haiti, Somalia, Sudan, Venezuela, Sri Lanka—their governments collapse under the weight of incompetence, leaving their people abandoned and their sovereignty hollow. These failed states do not merely fail themselves; they burden the world. Their chaos spills across borders, draining the strength of nations that still stand.
Globalisation does not forgive weakness. It exposes it. And as global opinion hardens, a new world order is taking shape—one that no longer tolerates decay. The moment of rupture came when US President Donald Trump seized Nicolás Maduro from his Venezuelan hideout and dragged him to face justice in America.
Predictably, the chorus of populists cried “oil!” They shouted about imperialism while ignoring the rot of Maduro’s failed government and his collapse in legitimacy. But the truth is unavoidable: if Venezuela had been competently governed, Trump would never have had the opening to topple its leadership. Weakness invited conquest. Failure opened the door.
Singapore offers the perfect counterexample. It is perhaps the best-governed nation on earth, and for that reason it is untouchable. Strong governance is the only true shield of sovereignty. Without it, sovereignty is a brittle shell, a flag waving over ruins.
Trump’s precedent will echo across continents. China, Russia, India—regional powers are watching, calculating, preparing. The message is unmistakable: Sovereignty is conditional. It is not guaranteed by history or by law. It is guaranteed only by strength, by competence, by the will to govern effectively.
This is the revolutionary truth: nations that fail to govern themselves will be governed by others. The age of excuses is over. The age of accountability has begun. Weak governments will fall. Strong governments will endure. And the people, sovereign and indivisible, will demand leaders who can protect their destiny—or see them replaced by those who can.
By Brigadier (Rtd) Ranjan de Silva
rpcdesilva@gmail.com
Opinion
CORRECTION
In the article, “Let My Country Awake…” published yesterday, it was erroneously said that Sri Lanka was celebrating 77 years of Independence. It should be corrected as 78 years of Independence. The error is regretted.
Opinion
“Let My Country Awake …”
Where the mind is without fear, and the head is held high;
Where knowledge is free;
Where the world has not been broken up into fragments by narrow domestic walls;
Where words come out from the depth of truth;
Where tireless striving stretches its arms towards perfection;
Where the clear stream of reason has not lost its way into the dreary desert sand of dead habit;
Where the mind is led forward by thee into ever-widening thought and action
Into that heaven of freedom, my Father, let my country awake.
– Rabindranath Tagore, Gitanjali, 35
As Sri Lanka marks seventy-seven years of independence, this moment demands more than flags, ceremonies, or familiar slogans. It demands memory, honesty, and moral courage. Once spoken of with affection and hope as Mother Lanka, the nation today increasingly resembles a wounded child—carried again and again across fragile hanging bridges, suspended between survival and collapse. This image is not new to our cultural consciousness. Long before today’s crises, Sri Lankans encountered it through literature and radio, most memorably in Henry Jayasena’s Hunuwataye Kathawa (1967), the Sinhala radio drama adaptation of Bertolt Brecht’s The Caucasian Chalk Circle, written during World War II (WWII), broadcast by Radio Ceylon and later staged across the island. Heard in village homes and city neighborhoods, the story quietly shaped a moral imagination we now seem to have forgotten.
In Hunuwataye Kathawa, a child is placed at the center of a chalk circle, claimed by two women. One is Natella, the biological mother who abandons the child during a moment of danger and later returns—not out of love, but driven by entitlement, inheritance, and power. The other is Grusha, a poor servant who risks everything to protect the child, feeding her, carrying her across perilous terrain, and choosing care over comfort. When ordered by the judge to pull the child out of the circle, Grusha refuses. She would rather let go than injure the child. Justice, the story teaches, belongs not to those who claim ownership most loudly, but to those who practice responsibility and restraint. For generations of Sri Lankans, this lesson entered the heart not through policy or economics, but through art.
Beneath Sri Lanka’s recurring failures lies a deeper wound: collective forgetfulness. It is indeed incredible how a nation colonised by foreign powers for over four centuries, battered by people’s insurrections and national struggles ever since, divided by a 30-year-long ethnic war, shaken by a Tsunami, inflamed by Easter Bombings 2019, hit by Covid-19 shutdown, and bankrupt by economic crisis, just to mention a few before the devastating Cyclone Ditwah that rocked the entire nation not many weeks ago, could be so forgetful of its tragedies. This insight was articulated with striking clarity by Dr. Arvind Subramanian, the former Chief Economic Advisor to the Government of India, speaking at an event organised by The Examiner in Colombo on Jan 21, 2026. Subramanian observed the nation’s troubling tendency to forget its own history—its tragedies, hard-earned lessons, and warnings—and to embrace uncritically whatever is new in a pattern-line manner. This historical amnesia traps Sri Lanka in vicious cycles of debt, dependency, and unscientific thinking. When memory fails, every crisis feels unprecedented; when learning fails, every mistake is repeated.
Consequently, after seventy-eight years of independence from the last colonial rule, Sri Lanka still stands inside that chalk circle. Mother Lanka, once admired for free education, public health, and social mobility, has over the decades been reduced to a wounded child carried across unstable political, economic, and environmental bridges. Different governments, armed with different ideologies and promises, have taken turns holding her. Some carried her carefully; others dropped her midway; still others claimed her loudly while burdening her with unsustainable debt, weakened institutions, superstitious demeanors, and short-term fixes that mortgaged the future. This mother-made-child nation was perpetually oscillating between collapse and recovery. Yet instead of healing her wounds, with every passing Independence Day, we repeatedly celebrated and argued over who owned her.
This long post-independence journey reveals two recurring patterns. There have been many Natella-like approaches—entitlement without responsibility, nationalism without sacrifice, populism without prudence. These abandon the child in moments of crisis, only to return when power, contracts, or prestige are at stake. Alongside them, however, there have also been Grusha-like moments—imperfect, painful, often unpopular, yet rooted in reform, discipline, and care. These moments prioritise institutions over personalities, education over spectacle, sustainability over extraction, science over superstitions, and responsibility over applause. They are the moments that keep the child alive. The thorough cleaning that the whole nation recently experienced with Cyclone Ditwah also reminds us, among many other lessons, about the power and the need of these Grusha-like moments. It reminds us that the real celebration of freedom requires not slogans but breaking free from Natella-like approaches and, after the immersion that she just experienced, that it is only possible in and through at least three kinds of voluntary and ongoing immersions (3P Immersions)—disciplines that reshape not only policy but also personal and national character—Immersion of Poverty, Immersion of Plurality, and Immersion of Prudence.
The immersion of poverty, both spiritual and material, is deeply rooted in Buddhist teaching of tanhaā and āśā—the restless craving for more than one truly needs or can sustain. It is that which enables us to be constantly mindful of ourselves, not only who we really were, who we actually are, and what we continue to become, but also what we are really in need of. Nationally speaking, it involves acknowledging the country’s geopolitical placement, the strengths of its proud history and civilisation, and the limitations of its repeated struggles and political dismay. While material realism, when faced honestly, disciplines excess and teaches gratitude for what we already have, the immersion in poverty should remind us about how greed can lead to corruption and about the illusion that fulfillment lies in accumulation. A nation that does not discern its desires with its own resources and real capacity—human, historical, cultural, and environmental—will always mortgage its future to satisfy temporary cravings. We must ask ourselves honestly: how different are we today from the colonial era, when our decisions were shaped by external powers, if we remain bound by foreign debts, external models, and a forgetting of our own identity?
The immersion of plurality should not be understood as a slogan, but as a lived ethic. Sri Lanka’s diversity of language, religion, culture, geography, and memory is not the problem; it is the unfinished promise. Sinhala and Tamil, Muslim and Burgher, Buddhist, Hindu, Christian, and Muslim, village and city, coast and hill—all belong to the child in the chalk circle. While Natella-like politics weaponise difference and division, pulling the child apart to claim possession, Grusha-like care holds plurality together, recognising that it is the unity in diversity that sustains, protects, and frees the child, carrying it safely home. Freedom figures like Siddi Lebbe, Veera Puran Appu, Sir Ponnambalam Ramanathan, Sir Ponnambalam Arunachalam, C. W. W. Kannangara, T. B. Jayah, Anagarika Dharmapala, and D. S. Senanayake emerged from different faiths, languages, and regions, yet shared a common ethic: the country mattered more than self, party, or community. They were not perfect, but they were Grusha-like—unwilling to pull the child apart to prove ownership, willing instead to carry her patiently across danger.
Grusha-like care, therefore, holds plurality together, recognizing that no single group can carry the country alone. Rather, it is plurality which is the ground of freedom from coercion, selective justice, and hostage-taking—whether by professions, ideologies, or institutions that prioritize self-interest over the common good. It also demands freedom from resistance to positive change, especially when that resistance is motivated by private gain rather than the common welfare. A plural society asks: Does this serve the nation, or merely my group, my party, my advantage?
The immersion in prudence is perhaps the rarest and most neglected virtue. Prudence calls us to move from myth to science, from avidyā to vidyā, from superstition to evidence. Recent floods and landslides were not merely natural disasters; they were moral warnings. Thy painfully revealed what happens when desire overrides restraint, when planning ignores science, when land is abused, when short-term gain overrides long-term responsibility, and when development forgets sustainability. Freedom from disaster is inseparable from freedom from ignorance. Prudence teaches us to listen actively, speak intentionally, plan with evidence, build with environmental awareness, and govern with foresight. Prudence is not only about grand reforms; it is also very much about our everyday civic behaviour, such as how we treat Mother Earth and shared spaces.
For example, freedom from spitting on the ground, freedom from littering public places, and freedom from leaving behind what we refuse to clean or return. These are not small matters; they are indicators of whether people see the nation as a common home or as a place to be used and discarded. These are only a handful of many instances where we need to hear what JFK (John F. Kennedy) asked the Americans in 1961: “Ask not what your country can do for you – ask what you can do for your country”. The WWII-devastated Japan’s development is not built merely on technology, but on discipline, as systems like 5S cultivate order, responsibility, and respect for shared space. Clean Sri Lanka and the proposed Education Reforms 2026 can become transformative moments—but only if truth replaces pretense, cooperation replaces cynicism, and ownership replaces vengeful rhetoric. Prudence allows a nation to appreciate its ownness—its history, institutions, cultural resources, and the agendas for the common good—without rejecting learning from the world. Without prudence, novelty becomes addiction, and reform becomes fashion.
Before the history repeats itself for another 77 years, either as a series of tragedy or comedy, it is important, therefore, to recognise that freedom from debt, disaster, and dependency (national or personal) is impossible without all three types of immersions working together—poverty of desire, plurality of belonging, and prudence of action. Initiatives such as education reform and Clean Sri Lanka offer genuine opportunities, but only if we cooperate, think long-term, and resist turning reform into another slogan. This raises an uncomfortable question: Do we truly want to be free? Or are we content to remain in the same rut, so long as ignorance is preserved, education is left unreformed, and distractions are supplied by a handful of greedy politicians—their vengeful rhetoric, their allies, lopsided media, and mushrooming content creators—while the powerful continue to benefit from it all? Freedom is demanding. It asks for memory, restraint, cooperation, and courage. Dependency, by contrast, is easy.
Therefore, the question before us is not who shouts the loudest, who claims patriotism most aggressively, or who promises instant miracles. It is who remembers, who renounces, who embraces plurality, and who acts with prudence as her stewards and not owners. When are we going to immerse ourselves in these three immersions and be free? After Rabindranath Tagore’s poem, W. D. Amaradeva once sang, “Patu adahasnam paurinen lokaya kabaliwalata nobedi, jnanaya iwahal we… Ehew nidahase swarga rajyataṭ, mage dæśaya avadi karanu mena, Piyanani…“— Where knowledge keeps the world from being divided by the walls of narrow thoughts… Into that heaven of freedom, Father, let my country awake. How many poems, how many Amaradevas, how many freedom speeches, how many religious sermons, how many inundations, and how many struggles must come and go before we awaken to that truth and let Mother Lanka be out of that vicious pattern or circle of collapse and recovery—whole, healed, and free?
By Dr. Rashmi M. Fernando, S.J.
Loyola Marymount University, Los Angeles, CA, USA
Rashmi.Fernando@lmu.edu | https://orcid.org/0009-0006-3310-721X
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