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US support trains Public Sector Accounting and Auditing Professionals on Accounting Standards and IT
The first group of Sri Lankan public sector accounting and auditing professionals participated in Sri Lanka Public Sector Accounting Standards 11-20, through a training by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, the Association of Public Finance Accountants of Sri Lanka (APFASL).
The U.S. Government, through its development arm – the U.S. Agency for International Development (USAID) – supported the training, under its Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity.
The first 50, of a total 600 public sector accountants and auditors, learned about the standards, which provide a framework for preparing and presenting financial statements, under the accrual accounting system, in line with international best practices. The partnership of USAID, CA Sri Lanka, and the APFASL will also train 1,200 public sector workers on the effective application of IT systems, for data management, analysis, and strategic decision-making.
“As one of the country’s longstanding development partners, we are committed to help strengthen and streamline Sri Lanka’s public financial management practices and, thereby, its path to recovery,” USAID Sri Lanka and Maldives Mission Director, Gabriel Grau, said at the inaugural training. “Further strengthening skills and competencies of key accounting and auditing professionals can help contribute to this long-term goal, through improved financial analysis, planning, and management”.
In his opening remarks, V. Kanagasabapathy, President of APFASL, said: “Strong public financial management is imperative to achieve the long-term goals of any country, therefore, in our standing as the public sector wing of CA Sri Lanka, APFASL has taken immense pride in being a catalyst in helping strengthen the public financial management practices in Sri Lanka. We are delighted that the U.S. Government has recognized our important work and is supporting our efforts to help public sector accounting and auditing professionals perform better.”
Heshana Kuruppu, CA Sri Lanka Vice President, said, “The public sector, in Sri Lanka, is considered to be large in comparison to the size of our economy, employing approximately 1.5 million people. This sector also holds the key to helping change the lives of 22 million people. Excellent public financial management will play a critical role in achieving this important objective and improve productivity of the sector. As the national body of accountants, CA Sri Lanka, together with APFASL, are committed to helping the public sector contribute effectively to the economy. The launch of this landmark programme, with USAID, is part of our continuing efforts to achieve this crucial goal.”
USAID’s PARTNER helps facilitate trade and strengthen government efficiency to fuel broad-based economic growth in support of the Government of Sri Lanka’s vision for economic development and improved international trade. This project is one component of the longstanding partnership between the American and Sri Lankan people to promote a healthy, educated, and employed population.
News
Comprehensive reforms to be introduced in the higher education sector in line with primary and secondary education reforms – PM
Prime Minister Dr. Harini Amarasuriya stated in Parliament on Wednesday [06th of May] that the Government has planned to introduce relevant changes in the higher education sector aligning with the new reforms being implemented in the primary and secondary education sectors.
The Prime Minister made these remarks while responding to questions raised by Member of Parliament Manjula Sugath Rathnayaka.
The Prime Minister further stated:
“A special expert committee appointed for this purpose has been in operation over the past six months, and based on the report of this panel, existing issues in the higher education sector will be identified and the necessary reforms will be implemented.
A total number of 281,810 students sat for the 2025 G.C.E. Advanced Level Examination, of whom 176,538 qualified for university admission. Following the subject streams, the number of students who qualified is as follows: 32,935 in Biological Sciences, 23,012 in Physical Sciences, 39,608 in Commerce, 58,269 in Arts, 4,199 in the General Stream, 12,472 in Engineering Technology, and 6,043 in Bio-Systems Technology from which 42,937 students are expected to be admitted to universities.
While ensuring the quality of education, the Government gives priority to improving facilities for university students. It has also been decided to maintain the intake for first-degree admissions at the same level as in previous years.
A new course in Geographic Information Systems has been introduced at the University of Ruhuna, and a course in Electronic and Intelligent Systems Engineering has been introduced at the University of Peradeniya from the academic year 2025/2026. Fifty students will be enrolled for each of these new programmes. Steps have already been completed to release the cut-off marks and forward the registration lists to the respective universities”.
Responding to a question raised by the Member of Parliament K. Kader Mastan regarding preschool education, the Prime Minister stated:
“As most preschools in the country are managed by the private sector, the Ministry currently has no provision to offer permanent appointments or salaries to their staff. However, steps are already being taken to provide a certain allowance to volunteer teachers in selected preschools under Provincial Councils.
By 2027, the entire preschool education system is expected to undergo comprehensive reform, with necessary measures being jointly undertaken by the Ministry of Education and the Ministry of Women and Child Affairs.
In addition, based on the recommendations of the National Education Commission, a national policy to regulate preschool education is scheduled to be established in 2026. Under this policy, teacher guidelines and model activity manuals are being prepared, along with plans to conduct teacher training programmes at the provincial level”.
Commenting on volunteer teachers, the Prime Minister emphasized that, in accordance with the Cabinet decision dated 04.01.2007, the policy of not recruiting any volunteer teachers beyond the approved 4,700 teacher aides will continue to be implemented.
[Prime Minister’s Media Division]
News
Joint programme between President’s Fund and Janashakthi Foundation to expand healthcare facilities for children
A special collaboration between the Presidents’s Fund and the Janashakthi Foundation, aimed at expanding healthcare facilities available to children under the age of 18, was launched on Wednesday (06) morning.
Implemented under the theme “Building a Healthier Today for a Winning Tomorrow”, this national initiative has been introduced through the joint efforts of the President’s Fund and the Janashakthi Foundation with the objective of reducing the financial barriers associated with children’s healthcare.
Under the President’s Fund, only a portion of the medical expenses incurred by a patient is generally covered. However, under this new collaboration, the Janashakthi Foundation will provide either an equivalent amount or the remaining balance of the treatment cost, whichever is lower.
Speaking on the occasion, Secretary to the President’s Fund and Senior Additional Secretary to the President, Roshan Gamage, stated that the present Government had taken steps to decentralise and digitalise the operations of the President’s Fund, thereby transforming it into a truly people-centric fund. He noted that this had reinforced public confidence in the Fund’s transparency, accountability and effectiveness and added that the collaboration with the Janashakthi Foundation had further strengthened this process.
Gamage further stated that close and meaningful coordination with the private sector would help enhance healthcare assistance provided to children and minimise the gap between the financial aid available and the actual cost of essential medical treatment.
Also addressing the gathering, Managing Director and Group Chief Executive Officer of the Janashakthi Group, Ramesh Schaffter, stated that difficulties in accessing medical treatment constitute a major obstacle preventing children from progressing towards a better future.
He further stated that the collaboration seeks to reduce that obstacle by extending support to children who are in urgent need of assistance, thereby laying the foundation for future generations to face tomorrow with greater confidence.
Under this programme, applicants seeking additional financial assistance are required, when applying to the President’s Fund, to duly complete and submit a consent form authorising the secure sharing of their information with the Janashakthi Foundation.
The identification of children requiring financial assistance, verification of their information and approval of funds will continue to be carried out by the President’s Fund.
Under this initiative, payments will generally be made to the guardians of children following the completion of treatment. However, in cases involving emergency treatment and treatment conducted overseas, payments will be made in advance.
Applicants submitting medical assistance applications to the President’s Fund from 15 May 2026 onwards will be eligible to apply for additional funding from the Janashakthi Foundation.
The event, held at the Hilton Colombo, was attended by J.M. Wijebandara, Director General of Legal Affairs at the Presidential Secretariat and Advisor to the President (Legal Affairs); C.T.A. Schaffter, Founder and Chairman Emeritus of the Janashakthi Group; Gamika De Silva, Group Chief Marketing Officer; Dilshan Wirasekara, Deputy Chief Executive Officer of the Janashakthi Group; as well as officials of the President’s Fund and the Janashakthi Foundation.
President’s Media Division (PMD)
News
Maldivian President concludes state visit to Sri Lanka
The President of the Republic of Maldives, Dr. Mohamed Muizzu, departed Sri Lanka on Wednesday morning (06) from the Bandaranaike International Airport, Katunayake, concluding a successful state visit to the country.
The visit by the Maldivian President and his delegation further strengthened the longstanding friendship and cooperation between the Maldives and Sri Lanka, while delivering a range of mutual benefits to the peoples of both nations.
This marked President Muizzu’s first state visit to Sri Lanka, during which several mutually beneficial areas of cooperation were agreed upon, underscoring the success of the visit.
Minister of Science and Technology, Krishantha Abeysena, Minister of Youth Affairs and Sports , Sunil Kumara Gamage, Member of Parliament Oshani Umanga, along with senior officials of the Ministry of Foreign Affairs, were present at the airport to bid farewell to the Maldivian President, the First Lady and the accompanying delegation.
(President’s Media Division)
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