News
SJB: Prorogation of Parliament aimed at handing over Trinco oil tank farm to India
Disclosure of New Fortress agreements has frigthened govt. – JVP
By Saman Indrajith
The sudden prorogation of Parliament is part of a secret plan to hand over the Trincomalee oil tank farm to India, says Chief Opposition Whip and SJB MP Lakshman Kiriella.
MP Kiriella told The Island yesterday that Parliament had to be kept open at present, given the enormity of the crisis the country was faced with. “The British Parliament continued to have sessions even while bombs were going off during World War II. The government is running away, unable to answer our questions on national issues, such as its clandestine deal with the US-based New Fortress Energy company. It is obvious that the government has a lot to hide from the legislators and the public,” Kiriella said, noting that the government would have to face reality after five weeks.
The Chief Opposition Whip said Parliament could not be kept closed indefinitely and the government had to face the problems instead of running away.
Meanwhile, former Kalutara District JVP MP Dr Nalinda Jayatissa said the stunning revelation his party leader Anura Kumara Dissanayake made in the House on Thursday had prompted the government to prorogue Parliament.
“The government was scared that there would be debate on the Yugadanavi agreement Comrade Anura Kumara Dissanayake tabled in Parliament,” he said.
Meanwhile, sources close to the government rebel factions said one of the reasons for the prorogation of parliament was to dissolve the parliamentary watchdog committee, COPE (Committee on Public Enterprises), which was probing the controversial divestiture of the Sri Lanka Institute of Information Technology.
Once Parliament is prorogued parliamentary committees including COPE and COPA stand dissolved and new chairpersons have to be appointed to them when parliament reopens.
Deputy Secretary General of Parliament and Chief of Staff Kushani Rohandheera told The Island that a gazette notification the prorogation of Parliament had been issued by the Secretary to the President Dr. P.B Jayasundera.
The gazette notice states that by virtue of the powers vested in him by Article 70 of the Constitution, President Gotabaya Rajapaksa, has prorogued Parliament with effect from midnight of Dec 12.
The President has declared that the next session of Parliament will be at 10 am on 18 Jan.
A prorogation is a temporary recess of Parliament which should not extend to a period of more than two months.
During the prorogation the Speaker continues to function and the Members retain their membership even though they do not attend meetings of Parliament.
The effect of a prorogation is to suspend all current Business before the House and all proceedings pending at the time are quashed except impeachments.
A Bill, motion or question of the same substance cannot be introduced for a second time during the same Session. However, it could be carried forward at a subsequent Session after a prorogation.
In terms of Standing Orders of Parliament No. 114, the Committee of Selection has to be appointed and therefore, all the Committees for Special Purposes cease to function during the recess or the prorogation of Parliament and all of them have to be reconstituted at the commencement of each Session of Parliament except the Committee on High Posts, Sectoral Oversight Committees and Select Committees of Parliament as per provisions of Standing Order of Parliament.
News
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
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