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Editorial

Budget, cannabis and reality

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Wednesday 16th November, 2022

President Ranil Wickremesinghe has, in his budget speech, sought to kindle hopes of economic recovery. Claiming that the ongoing talks with the IMF, India, China, etc., would lead to positive outcomes, he has offered to build a ‘social market economy’ or an ‘open economic system of social protection’ whatever that means. However, there is no harm in the Head of State trying to infuse the public with some optimism amidst a national feeling of doom and gloom.

President Wickremesinghe has said a social market economy will help achieve a high economic growth of 7 to 8 percent, increase international trade (as a percentage of GDP) by more than 100 percent, ensure an annual growth of US$ 3 billion from new exports between 2023 and 2032, secure foreign direct investment of more than US$ 3 billion in the next 10 years, and create an internationally competitive workforce within the next decade.

Youth unrest and the resultant protests seem to have prompted the government to undertake to adopt what it calls a youth-oriented approach to economic development. President Wickremesinghe, in his budget speech, chose to call the youth ‘the real national wealth’. He is of the view that attention has not been paid to the country’s youth, and their hopes are fading; they are calling for systemic changes.

It is heartening that the President has realised the need to serve the interests of the youth, but it is not clear how his government intends to set about the task. One can only hope that it is not paying lip service to young citizens’ cause.

Among the measures the government has proposed to boost the foreign currency inflow is to create a business-friendly environment. One of the biggest obstacles to foreign investment is corruption. No foreigner can invest here unless he or she is willing to grease countless palms. How does the President propose to tackle this problem? The culprits are in his government!

Budget 2023 has proposed labour law reforms but stopped short of specifying them. The President has only said the country’s labour laws are outdated and fragmented and there is a pressing need for what he calls a new, unified labour law. Will the proposed labour laws deprive workers of their rights in the name of investment promotion?

The government has also proposed land reforms in all but name. The President has said that a programme will be launched to enable investors to utilise land productively to increase both production and exports. This is an area where the government ought to tread cautiously, for the disposal of state land always leads to rackets.

The proposed macro-fiscal framework is aimed at increasing government revenue from 8.3% to 16% of GDP by 2025, achieving a primary surplus of more than 2% of GDP in 2025, reducing public sector debt from about 110% of GDP to less than 100% in the medium term, bringing inflation to a single-digit level in the medium term, ensuring that interest rates will reach a moderate level, restoring macroeconomic confidence and replenishing exchange reserves with foreign finances to ease pressure on the exchange rate, and enabling the medium-term economic growth to return to about 5% by enhancing structural reforms. This is a tall order, and how the government will fare in pursuing these goals remains to be seen.

Budget 2023 is very clear on the government’s plan to restructure some profit-earning state-owned ventures such as Sri Lanka Telecom and Sri Lanka Insurance, and utilise the proceeds therefrom to strengthen foreign exchange reserves and the rupee. So, a fire-sale of state assets will commence soon.

The government’s desperation for forex is evident from its proposal to set up an expert committee to explore the possibility of producing Triloka Wijayapathra (cannabis or ganja) for export. This is bound to cause quite a stir. President Wickremesinghe is no stranger to controversy. If the government cares to solve farmers’ problems such as the existing fertiliser shortage and high cost of production thereby developing the agricultural sector, and goes all out to recover the country’s stolen funds, there will be no need to grow cannabis.

President Wickremesinghe, on Monday, sought to justify the unconscionable tax increases ratified by Parliament weeks earlier. He proposed to set up a Presidential Commission on Taxation ‘to study and make recommendations on the functioning, coordination and changes to be made in the tax structure, the institutions, procedures, etc.’ It is one’s fervent hope that the government is not contemplating any more tax increases!

The Opposition has dismissed Budget 2023 as something worthless, and flayed the government for not providing relief to the public. The budget is not devoid of flaws, but the question is whether the President could have done better, given the country’s economic situation.

Meanwhile, the government says it is confident that it has enough numbers in Parliament to secure the passage of Budget 2023. But efforts are being made in some quarters to shoot it down. The SLPP-UNP combine is taking precautions and all out to engineer some crossovers from the Opposition. A political war over the national budget has to be avoided for the sake of the ailing economy, which cannot take any more shocks. It is imperative that the warring parties get themselves around the table, with compromises being made in the form of committee-stage changes to the budget, so that there will be no showdown at the expense of the ongoing efforts to stabilise the economy.



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Editorial

A tale of two AGs and dirty politics

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Friday 23rd January, 2026

The JVP-led NPP government has delayed the appointment of one AG—Auditor General—and is in overdrive to oust the other AG—Attorney General. Determined to parachute a ruling party crony into the post of Auditor General, allegedly in a bid to cover up corrupt deals on its watch, the government is believed to be biding its time until the reconstitution of the Constitutional Council to achieve its goal. The JVP/NPP is unashamedly using its propaganda brigade to carry out malicious social media attacks on Attorney General Parinda Ranasinghe Jr., PC, and having public protests held against him in a bid to hound him out of office.

It is said that a bad workman blames his tools. Similarly, an incompetent government quarrels with vital state institutions and public officials when it finds itself in trouble or fails to deliver. Inefficient, arrogant politicians also launch witch-hunts against key state officials who have the courage to stand up to political pressure, fiercely defend their independence and carry out their duties and functions without fear or favour. This, we have witnessed during successive governments. It is no surprise that the JVP-led forces are all out to oust AG Ranasinghe.

Not that the Attorney General’s Department has been truly independent and blameless; it has its fair share of servile officials who pander to the whims and fancies of ruling party politicians. This newspaper has been critical of the manner in which the AG’s Department handled some cases and helped open escape routes for politicians in power and their cronies. There is a huge backlog of cases due to inordinate delays on the part of the AG’s Department. These institutional deficiencies have been there for decades, and the incumbent AG alone cannot be blamed for them. There is a pressing need to straighten up the AG’s Department, which is in need of restructuring. Devolution is among the proposed solutions.

Government supporters have been holding protests, making unsubstantiated allegations against AG Ranasinghe and calling for his ouster. The tendency to hold kangaroo trials is in the JVP’s DNA. The JVP acted as the prosecutor, judge, jury and executioner in the late 1980s; it gunned down quite a few professionals including University Vice Chancellors and the heads of some other state institutions during its reign of terror. Now, it has apparently shifted from assassinations to character assassination, which can be a fate worse than death for most people. It used death-dealing sparrow units to eliminate its targets in the past. Today, it deploys its propaganda brigade to destroy its opponents politically.

If anyone believes that the AG is at fault, he or she can invoke the jurisdiction of either the Appeal Court or the Supreme Court to seek redress. If the government has irrefutable evidence to prove its supporters’ allegations against AG Ranasinghe, then Parliament can remove him after a probe. Dirty social media attacks and protests are certainly not the way.

In 2012-13, the JVP rightly defended the then Chief Justice Dr. Shirani Bandaranayake, when the Mahinda Rajapaksa government targeted her for political reasons and launched a vilification campaign against her before wrongfully impeaching her. Now, the JVP-led NPP government stands accused of trying to get rid of the state prosecutor.

The ongoing propaganda campaign against the AG could also be part of a strategy to paint a black picture of the AG’s Department, turn public opinion against it and prepare the ground for setting up the proposed Independent Prosecutor’s Office.

When the present-day government leaders promised ‘a system change’ during their election campaigns in 2024, it was thought that they were planning to change the systems for the better, but now one wonders whether they are bent on changing the existing systems for the worse by politicising them more.

The Bar Association of Sri Lanka deserves praise for having taken up the cudgels for beleaguered AG Ranasinghe. Let all right-thinking Sri Lankans, particularly the state sector professionals, be urged to follow suit.

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Editorial

Conspiracy to subvert constitutional order

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Thursday 22nd January, 2026

Former South Korean Prime Minister Han Duck-soo was yesterday sentenced to 23 years in prison for aiding and abetting the insurrection of the impeached former President Yoon Suk-yeol in 2024. The court confirmed that Yoon’s declaration of emergency martial law on 03 Dec., 2024 constituted an insurrection aimed at subverting the constitutional order. It pointed out that Han had helped provide a procedural facade of legitimacy for the illegal martial law by holding an unlawful Cabinet meeting.

That is how South Korea has dealt with those responsible for ‘an insurrection aimed at subverting the constitutional order”. But in Sri Lanka, no investigation has been launched into an illegal bid to appoint an interim President in violation of the Constitution and plunge the country into anarchy in 2022.

Irrefutable evidence has emerged that at the height of Aragalaya, on 13 July 2022, a foreign diplomat and a group of Sri Lankans consisting of religious leaders made a blatantly illegal bid to pressure the then Speaker Mahinda Yapa Abeywardena to take over the executive presidency in violation of the Constitution. Abeywardena himself said so in Parliament in early 2024. Following the defeat of a motion of no confidence against him, Abeywardena disclosed that after President Gotabaya Rajapaksa’s resignation in July 2022, he had come under immense external and internal pressure to take over as president. When he refused to comply, they had resorted to intimidatory tactics, he said, claiming that their intention was to create in Sri Lanka a situation similar to that in Libya. In other words, they sought to commit a serious crime against the State of Sri Lanka.

Professor Sunanda Maddumabandara, who was Senior Advisor (Media) to President Ranil Wickremesinghe, has disclosed in his book, ‘Aragalaye Balaya’ (‘Power of Aragalaya’), that on 13 July 2022, the then Indian High Commissioner to Sri Lanka Gopal Baglay visited Abeywardena and asked him to take over as president, but the latter said in no uncertain terms that he would never violate the Constitution. Abeywardena has revealed that soon after Baglay’s departure, a group of Sri Lankans led by Ven. Omalpe Sobitha, arrived at the Speaker’s official residence and asked him to take over the presidency. When he repeated what he had told the Indian envoy, Sobitha Thera sought to intimidate him into doing their bidding. The group consisted of another Buddhist monk, some Catholic priests, and a trade unionist, according to Abeywardena.

Prof. Maddumabandara has said Baglay told Abeywardena that if he took over the presidency, protests could be brought under control within 45 minutes. In a brief interview with our Associate Editor Shamindra Ferdinando, who reviewed Aragalaye Balaya, Prof. Maddumabandara has said only a person who had control over the protesters could give such an assurance. One may recall that it was the JVP that led the protesters who surrounded Parliament and tried to march on it in July 2022. Minister K. D. Lal Kantha himself has admitted that the JVP tried to lead the Aragalaya protesters to capture Parliament, but without success.

Interestingly, in early 2024, the Indian government, in what was described as a significant diplomatic outreach, invited JVP leader Anura Kumara Dissanayake to India, enabling the JVP to gain much-needed international legitimacy, which gave a fillip to Dissanayake’s presidential election campaign. By that time, the JVP had abandoned its rapid anti-Indian posturing, which underpinned its reign of terror in the late 1980s. Today, India has the JVP/NPP eating out of its hand, and the JVP-led government refuses to disclose the contents of several pacts, including one on defence, it has signed with India!

Prof. Maddumabandara has revealed that a contingent of the STF was deployed on the compound of the Speaker’s official residence unbeknownst to Abeywardena amidst attempts by violent mobs to capture Parliament. Who ordered the STF deployment?

The use of force, threat, conspiracy, or organised action to achieve unconstitutional change is a crime. But the 13 July 2022 conspiracy has gone uninvestigated. The JVP-NPP government will not have it probed for obvious reasons; it does not want to open a can of worms and antagonise India. But the need for a high-level investigation into the 13 July 2022 conspiracy to overthrow constitutional order cannot be overstated. Will the Opposition politicians who wrap themselves in the flag take up this issue?

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Editorial

Rice and Rolls-Royce

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Wednesday 21st January, 2026

A rice tycoon has become a clout chaser, posting ostentatiously on social media about his extravagance ad nauseam. He has been TikToking his newly acquired Rolls-Royce to boost his ego and online visibility. What he does with his own money should not be anyone else’s concern, one can argue. This argument is not without some merit. But the large-scale rice millers are making a vulgar display of their wealth in this manner while paddy cultivators, stuck neck-deep in debt, are mortgaging their household goods, jewellery and agricultural equipment to make ends meet, and the public is complaining of unconscionably high prices of rice. This shows that there is something terribly wrong with the mechanisms in place to safeguard the interests of rice growers and consumers; it has also given the lie to the big-time millers’ oft-repeated claim that they are just keeping their heads above water, and they are justified in increasing the prices of rice from time to time.

Powerful rice millers with huge slush funds are known to have politicians and political parties in their pocket. Successive governments have benefited from their largesse and protected their interests at the expense of the public. Those who elected Gotabaya Rajapaksa, a former military officer, as President, expected him to get tough with the unscrupulous millers notorious for their exploitative practices, but he lacked the courage to take them on. Instead of looking after the interests of the public, he ordered the Consumer Affairs Authority to stop searching for hoarded paddy in some wealthy millers’ sprawling warehouses, thus giving the rice tycoon fraternity carte blanche to manipulate paddy and rice markets. The predecessors of the failed Gotabaya regime did likewise. A wag says that when money talks even dyed-in-the-wool Marxists listen.

In 2024, the disillusioned electors overwhelmingly voted for the NPP led by the JVP, which claims to espouse Marxism, expecting the traders’ cartels, including that of millers to be tamed as a national priority. But the ‘Marxists’ signal left and turn right just like the tuk-tuks on Sri Lankan roads, and powerful millers continue to do as they please.

A few months into office, during a meeting with a group of powerful millers on rice shortages and high prices, President Anura Kumara Dissanayake created a bit of drama, banging as he did a clenched fist on his desk. Everybody thought he had put his foot down at last and was about to read the rice millers the riot act, asking them to comply with the legally set price ceiling for rice. But his theatrics ended in anticlimax; he increased the prices of rice by Rs. 10 a kilo much to the glee of the millers, who laughed all the way to the bank for the umpteenth time.

The politically connected millers are free to create shortages of rice and jack up prices, making the government import rice and saturate the market close to the commencement of paddy harvesting so that they can buy paddy at very low prices; thereafter they hoard paddy and increase the prices of rice. Huge stocks of imported rice, which does not suit the Sri Lankan palate, rot in government warehouses and are eventually sold as animal feed. Consumers and farmers are without anyone to turn to. The large-scale millers determine the prices of paddy and rice by keeping markets uncompetitive.

The self-proclaimed messiahs in the Opposition shed copious tears for paddy cultivators and rice consumers, vowing to safeguard their interests in case of being voted into power, but they also have a history of pandering to the whims and fancies of the wealthy millers, who generously bankroll election campaigns. The laws in place to regulate campaign finance lack strong teeth and politicians and their financiers drive a coach and horses through them.

One of the campaign promises of the incumbent government was to make Japanese hatchbacks freely available at Rs. 2 million each for the benefit of the public, but vehicle prices have gone into the stratosphere and even motorcycles and trishaws are beyond their reach. The ordinary people who are struggling to dull the pangs of hunger due to the high prices of rice have had to settle for watching the viral videos of the miller’s Rolls-Royce.

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