News
Dissident SLPP MP asks Prez to give up Finance portfolio
‘Success of Parliamentary Budget Office depends on non-interference’
By Shamindra Ferdinando
Dissident SLPP MP Gevindu Cumaratunga yesterday (21) said that President Ranil Wickremesinghe should give up the Finance portfolio to ensure that the Parliamentary Budget Office (PBO) could achieve the objectives it was established for.
He said that political interference in PBO couldn’t be prevented as long as the appointing authority, in this case the President, also served as the Finance Minister.
Cumaratunga, who is also the leader of civil society group Yuthukama, said that having declared that the executive shouldn’t hold any ministerial portfolio, other than Defence, President Wickremesinghe has held the Finance portfolio since July last year.
When The Island pointed out that the Opposition had been quite clearly divided over the PBO and seems to be unable to reach consensus on such a vital issue, lawmaker Cumaratunga said he raised the issues at hand during the debate on the Second Reading of the PBO Bill on Tuesday (20). The Bill was passed without a vote.
MP Cumaratunga said that none of the concerns raised by him were addressed as the Parliament enacted the Bill to pave the way for PBO mandated to forecast budgets and also estimate the costs of election manifestos upon request.
According to the Bill:
“The Parliamentary Budget Office shall be an independent body and accountable to Parliament.
(4) The independence of the Parliamentary Budget Office shall be respected at all times.
(5) No person shall cause undue influence, or interfere with the operation and administration of the Parliamentary Budget Office.
“The objectives of the Parliamentary Budget Office shall be to assist –
(a) Parliament in the performance of its public finance responsibilities under the Constitution; and
(b) Any recognized political party or any independent group, through the provision of independent, non-partisan analysis related to the budget, the medium-term economic and fiscal outlook, and the cost implications from a financial, revenue and expenditure perspective of policy proposals as provided for in this Act.
Subject to the provisions of this Act, the Parliamentary Budget Office shall provide analytical assistance to –
(a) any Committee or Member of Parliament on matters related to public finance, including budget proposals, economic and fiscal forecasts and projections, and costing of proposed policies and Bills; and
(b) a recognized political party or an independent group to cost any proposal in its manifesto in the period immediately before an election; and
(c) Parliament, generally, by providing analyses and briefings on matters necessary for or conducive to the objectives of the Parliamentary Budget Office.
Addressing the Parliament on Tuesday, the MP questioned why President Wickremesinghe couldn’t choose one of those MPs who voted in the House last July to elect him as the President to complete the remainder of Gotabaya Rajapaksa’s five-year term, as the Finance Minister.
The very purpose of the PBO would be undermined if the President constitutionally empowered to approve the recommendations of the Constitutional Council regarding the two key appointments to the proposed outfit, also served as the Finance Minister, MP Cumaratunga said.
Referring to the significant role the Public Finance Committee played in the overall PBO operation, MP Cumaratunga questioned how President Wickremesinghe intervened to appoint Dr. Harsha de Silva as Chairman of that Committee. The Yuthukama chief alleged that the President shouldn’t have under any circumstances summoned only members of the Public Finance Commission and advised them especially against the backdrop of the relationship between the watchdog committee and PBO.
MP Cumaratunga also expressed serious concern over the PBO receiving direct funding from external and domestic sources at the expense of its independence. Referring to the USAID funding Parliament and the Bar Association, the MP underscored the pivotal importance in the government ensuring sufficient funds for the PBO.
MP Cumaratunga pointed out the contradictory government stand regarding outside funding. The President advised the Archaeology Department against receiving external funds but in the case of PBO it could do so, MP Cumaratunga said.
News
Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
News
ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
News
Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
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