News
Crisis did not come about due to COVID-19 pandemic, but because of ill-advised policies of Govt. says Champika
By Saman Indrajith
The SJB, on Thursday, raised questions over the government‘s use of funds for the period between April and August this year without the authorisation of Parliament.
Participating in the debate on Vote on Account, SJB Colombo District MP Champika Ranawaka said: “The Treasury Secretary issued a circular dated March 10, 2020, that the President had authorised the utilisation of funds under Article 150 (3) of the Constitution, only Parliament has the power to approve a Vote on Account.” But the SJB’s stance was that Article 150 (3) only gave powers to the President to draw funds from the Consolidated Fund for public expenses for three months from that date to the inauguration of a new Parliament.
“It does not grant him powers to draw funds or approve a VoA from the date of dissolving Parliament. The Prime Minister must clarify this in his capacity as the Finance Minister. We hope he will provide Parliament with a detailed account on State revenue during the past eight months of this year, how revenue from various taxes came to the government and the government’s recurrent expenditure before the end of the debate.”
Ranawaka said 2020 would go down as a significant year in the country’s history as there was no budget.
“A similar situation arose in 2015. This was just after a presidential election and with a general election also coming. However, the then government discussed with all parties concerned and still managed to present a Budget. This government, however, though it came to power in November last year could not present a budget this year. It relied on a Vote on Account passed by the previous government which approved funds up to April 30 this year. We now have another Vote on Account for funds from September 1 to December 31,” he said.
Opening the debate on the Vote on Account for the Opposition, the SJB MP said that the country’s present fiscal crisis had not come about due to the COVID-19 pandemic but because of the ill-advised economic and tax policies of the government.
He said the government’s tax policies implemented from December 1, 2019 had had a disastrous impact on the state revenue. Due to those policies, annual state revenue, which had been near Rs 2,000 billion during the previous government, had plummeted to about Rs 1,000 billion since last December, he said.
“The state revenue this year will be about Rs 1,100 billion, whereas the interest on loans alone is about Rs 1 trillion (Rs 1000 billion). As such, this is the first time that the country’s revenue is only enough to pay off the interest on the country’s loans,” he said.
Ranawaka pointed out that before the pandemic forced the country into lockdown, the economic growth rate during the first three months of 2020, had been –1.6%. “That was the government’s report card before COVID-19. According to the Asian Development Bank’s forecast, the economy is due to contract by 0.6% this year. The government can’t hide behind COVID-19 and claim all problems are due to it. The fact remains that the economy was in severe distress long before the pandemic came around.”
MP Ranawaka also alleged that the USD 7.2 billion foreign reserves which the previous government’s Central Bank Governor managed to build up were now being used to pay off foreign loans. He also lambasted the protectionist economic policy of the government and said that issuing a blanket ban on imports was only going to further worsen an already difficult situation. “You can’t develop local industries in this manner,” he said.
News
Delay in govt. response to UK sanctions on ex-military chiefs, and others causes concern
Admiral of the Fleet Wasantha Karannagoda said that he is still waiting for the government’s response to the UK sanctions imposed on three ex-military officers, including him, and a former member of the LTTE.
The former Navy Chief said so in response to The Island query whether he was aware of the position taken by a three-member ministerial committee, consisting of Foreign Minister Vijitha Herath, Justice and National Integration Minister Harshana Nanayakkara and Deputy Defence Minister Maj. Gen (retd) Aruna Jayasekera.
The government named the committee in the wake of the UK declaration of travel bans and asset freezes in respect of Karannagoda, General Shavendra Silva, General Jagath Jayasuriya and Vinayagamoorthy Muralitharan, also known as Karuna. Maj. Gen. Jayasekera said that they inquired into the issue at hand.
Karannnagoda said that he would like to know the government’s recommendations if the ministerial committee briefed the Cabinet as per a decision taken by the Cabinet of Ministers. Karannagoda said that the issue should have been taken at the highest level as various interested parties continue to humiliate the war-winning military by targeting selected individuals.
Other sources, familiar with the issues at hand, told The Island that the government was yet to announce its stand.
Sources pointed out that the Opposition has been silent on what they called a matter of utmost national importance.
Cabinet spokesman Dr. Nalinda Jayathissa is on record as having described the UK move as a unilateral move and that committee was formed to examine the developments and recommend appropriate measures to the Cabinet.
Foreign Minister Herath told The Island the government was not successful in getting the British to withdraw sanctions. Describing the UK decision as unilateral, the Miniser said that the government conveyed its concerns but the UK didn’t change its stand.
The Island raised the issue with Minister Herath and Admiral Karannagoda in the wake of British MP of Sri Lankan origin, Uma Kumaran requesting the UK Foreign Secretary Yvette Cooper to expand on the government’s sanctions imposed on the four above-mentioned persons.
During a Foreign Affairs Committee meeting on 16 December, the MP for Stratford and Bow highlighted the lack of accountability and political will from the current Sri Lankan government to address war crimes and mass atrocities committed in Sri Lanka.
Sources said that David Lammy, who served as Secretary of State for Foreign, Commonwealth and Development Affairs at the time of the declaration of sanctions, had no qualms in declaring that the action taken against four Sri Lankans was in line with a commitment he made during the election campaign to ensure those responsible wouldn’t be allowed impunity. The UK government statement quoted Lammy as having said that this decision ensured that those responsible for past human rights violations and abuses were held accountable.
By Shamindra Ferdinando
News
Sri Lanka outlines seven key vectors of international cooperation at Moscow forum
Sri Lankan Ambassador to the Russian Federation, Shobini Gunasekera recently presented a conceptual framework of seven key vectors that defined contemporary international relations and facilitated dialogue among States. She made the presentation at XI Moscow International Financial and Economic Forum held under the theme “Building Bridges: Partnership without Borders”.
In her address, the Ambassador emphasised that these vectors represent the channels through which ideas circulate, trade expands, and peace is strengthened, serving as guiding principles for cooperation amid global uncertainties. The seven key vectors highlighted were economic ties as a foundation for long-term stability; political choice and diplomacy through dialogue and multilateral engagement; security cooperation to address cross-border threats; cultural linkages through education, tourism, and professional exchanges; technological advancement, particularly in digital systems and artificial intelligence; environmental stewardship through collective action on renewable energy and climate change; and humanitarian obligations, including disaster relief and development cooperation.
Drawing on Sri Lanka’s experience, the Ambassador illustrated the practical application of these principles by highlighting the country’s strategic location in the Indian Ocean, its role as a trade and logistics hub, and its active engagement in regional groupings such as BIMSTEC and the Indian Ocean Rim Association, where the Russian Federation serves as a Dialogue Partner.
The potential for enhanced Sri Lanka–Russia bilateral cooperation was underscored, particularly through complementarities between Russia’s technological and energy expertise and Sri Lanka’s logistical capabilities and maritime infrastructure. She noted that such synergies could support joint initiatives in trade, innovation, tourism, and logistics, while cultural and scientific exchanges would further strengthen mutual understanding between the two countries.
Concluding her remarks, the Ambassador stated that sustained progress requires dialogue, mutual respect, and forward-looking partnerships capable of shaping a shared and stable future.
News
Sri Lanka third most preferred destination for Indians
Thailand takes top place
Travel website Make My Trip has named Sri Lanka as the third most booked international destination by Indian travellers for the festive period, following Thailand and the United Arab Emirates (UAE).
According to a report released by MakeMyTrip, an analysis of booking trends between 20 December and January 2026 compared to the same period last year, highlighted a growing interest in Sri Lanka as a preferred destination.
Thailand ranked first, while the UAE secured second place. Vietnam recorded a notable rise, moving from seventh position last year to fourth this year, followed by Malaysia, Indonesia, Singapore, the UK, the US, and Hong Kong.
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