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Ex-banker Eran reveals nakedness of the budget
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SJB MP Eran Wickramaratne told Parliament that although the 2023 Budget presented to Parliament by President Ranil Wickremeisnghe is full of nice words, lofty ideals and concepts there is no single practical plan outlined in those proposals on how to realize them.
Participating in the second reading debate on the 2023 budget, MP Wickramaratne said that when listening to the budget speech people may have wonderful dreams as if they are flying over the stars but at the end of that speech only they realize that the country has further been pushed into an abyss.
Wickramaratne said that the country was bankrupt. This is a country with no debt sustainability. The economy is contracting at a large negative rate. Budget deficit is more than 10 per cent. Inflation is more than 60 per cent. Food inflation is 100 per cent and the rupee has depreciated by more than 80 per cent.
Inflation is promised to be brought under a single digit. It is promised to increase the government revenue to 15 per cent of the GDP from its present position of 8 per cent. How it would be done is anybody’s guess. It is also envisaged to bring the primary balance from a negative value to a positive value. In the past 74 years, the primary balance of this country has had a positive value only five times. That we witnessed in 2017 and 2018. When the income increased more than the expenditure, it’s called positive in primary balance and through the primary balance, we can pay the loan interest with our revenue money. If not, we have to take out a loan even to pay the loan interest. The most hilarious aspect of these proposals is the promise to achieve all these goals by 2025. A budget presents plans usually for the work to be done in the next year. But this government is giving the target of 2025. This is nothing but a dream budget, Wickramaratne said.
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President Disanayake, Japanese Ambassador discuss bilateral cooperation
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President Anura Kumara Disanayake met with Ambassador of Japan to Sri Lanka, H. E.. Akio ISOMATA, this morning (27) at the Presidential Secretariat.
During the meeting, the Ambassador officially invited President Disanayake to visit Japan and expressed appreciation for the new government’s policy framework.
The Japanese Ambassador stated that efforts have been made to include Sri Lanka in the recently launched security cooperation assistance program by the Government of Japan.
Extensive discussions were held regarding the ongoing and future initiatives of the joint Japan-Switzerland-South Africa program aimed at fostering national reconciliation among the northern communities affected by the 30-year conflict. Additionally, they reviewed the current status of Japanese investments in Sri Lanka.
Furthermore, the current status and progress of digital economic and airport investments were discussed. The Ambassador also reaffirmed Japan’s commitment to supporting Sri Lanka’s Digital Transformation Program, emphasizing the Government of Japan’s intention to invest in port and aviation-related projects, as well as digitalization initiatives in Sri Lanka.
The discussion was attended by Advisor to the President on Economic and Financial Affairs Dr. Duminda Hulangamuwa, Senior Additional Secretary to the President Roshan Gamage, First Secretary & Head of Economics and Development Cooperation Section OHASHI Kenji, and First Secretary & Head of Political Section MURATA Shinichi.
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President meets Senior Naval Officers
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A discussion on Sri Lanka’s current security situation was held on Wednesday (26) at the Presidential Secretariat, under the leadership of President Anura Kumara Disanayake.
During the meeting with senior naval officers, attention was drawn to future security measures concerning the country’s security situation.
Extensive discussions were held on maritime operations conducted to ensure national security, including efforts to curb arms and drug trafficking via sea routes and surveillance missions in deep-sea waters.
Deputy Minister of Defence Aruna Jayasekara, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha, Commander of the Navy Vice Admiral Kanchana Banagoda, and several senior naval officers participated in the meeting.
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Govt. to initiate talks on setting up Truth Commission: FM Herath
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UNHRC Session in Geneva:
The JVP/NPP government has expressed its willingness, at the UNHRC in Geneva to initiate talks on setting up a Truth and Reconciliation Commission to investigate acts of violence caused by racism and religious extremism,
Addressing the High-Level Segment of the 58th Regular Session of the United Nations Human Rights Council (UNHRC) in Geneva, Foreign Minister Vijitha Herath said: “The contours of a truth and reconciliation framework, will be further discussed with the broadest possible cross section of stakeholders, before operationalisation to ensure a process that has the trust of all Sri Lankans. Our aim is to make the domestic mechanisms credible and sound within the constitutional framework. This will include strengthening the work towards a truth and reconciliation commission empowered to investigate acts of violence caused by racism and religious extremism that give rise to tensions within Sri Lankan society.”
“The Government has pledged to take tangible steps in the interest of further advancing national unity and reconciliation. The President has proposed to declare a Sri Lanka Day, in line with our vision for a reconciled Sri Lanka and commitment to bridging gaps between communities. We will ensure that the domestic mechanisms and processes, established to address challenges emanating from the conflict, will continue their work in an independent and credible manner, within the Constitutional framework. Domestic institutions, such as the Office on Missing Persons (OMP), Office for Reparations, and Office for National Unity and Reconciliation (ONUR), will be strengthened,” he said.
Minister Herath reaffirmed Sri Lanka’s commitment to human rights, reconciliation, and sustainable development, highlighting the country’s progress and government’s strategies for continued engagement with the international community.
The government is firmly and sincerely committed to working towards a unified Sri Lanka that respects and celebrates the diversity of its people with no division or discrimination based on race, religion, class and caste. We will not leave room for a resurgence of divisive racism or religious extremism in our country. The fundamental and long standing principles of democracy and freedom enshrined in our Constitution will be fully respected and safeguarded while protecting the human rights of all citizens. Every citizen should feel free to practice their religion, speak their language, and live according to their cultural values without fear or discrimination. No one should feel that their beliefs, culture, or political affiliations will make them targets of undue pressure or prejudice. Administrative, political and electoral processes will be activated towards this end.
A number of confidence building measures have also been taken in the last few months towards reconciliation. In November 2024, a number of roads in the Northern Province, including the Palali-Achchuveli main road, were opened for public use, after several decades. The President, during his visit to the North in January this year, made an open invitation to Tamil-speaking youth to be part of Sri Lanka’s police service. The 2025 Budget includes significant allocations to upgrade the libraries throughout the country, including the historical Jaffna library which is a symbol of education and enlightenment for the Tamil community, he said.
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