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Economic crisis: Govt. MPs slam Cabinet, Finance Ministry

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‘How come SLPA paid to Treasury just a faction of massive revenue earned in six years?’

By Shamindra Ferdinando

T wo SLPP MPs, Dr. Nalaka Godahewa and Madura Vithanage have, at different forums, lashed out at the government for the rapidly deteriorating status of the public sector finance. Godahewa has warned that economic recovery will not be possible unless the government restructured nearly 400 loss making public sector enterprises or at least take tangible measures to cut down on recurring losses.The former Media Minister, who represents the Gampaha District, said so addressing a group of Gampaha-based professionals and entrepreneurs recently.

Alleging that the failure, on the part of the government to establish an all-party government, contributed to the further deterioration of the situation, Dr. Godahewa emphasized the urgent need to curb, what he called, unbridled corruption as part of the efforts to revive the economy.The Gampaha District MP asked whether the current dispensation has addressed the issues at hand with a sense of responsibility.The MP questioned the composition of the Cabinet-of-Ministers, especially the appointment of UNP leader Ranil Wickremesinghe as the Premier, in spite of his party having just one seat in Parliament, against the backdrop of even the government parliamentary group not being properly represented.

Dr. Godahewa warned that SriLankan Airlines, the Ceylon Electricity Board, and the Ceylon Petroleum Corporation (CPC) would deny the country an opportunity to recover as they remained a massive burden on taxpayers. The One-time top level private sector executive said that the Cabinet-of-Ministers lacked the strength to take crucial decisions. But, the situation would have been different if the Cabinet-of-Ministers included representatives of the main Opposition Samagi Jana Balavegaya (SJB) and other political parties. Dr. Godahewa declared that the government couldn’t take decisions on sensitive matters as long as it didn’t command political power.

Meanwhile, Colombo District MP Vithanage has questioned the responsibility, on the part of the Finance Ministry, in the overall deterioration of public sector finance with the focus on the handling of the Sri Lanka Ports Authority (SLPA) at a recent meeting of the Committee on Public Enterprises (COPE). The lawmaker alleged that the Finance Ministry had conveniently failed to make required intervention on behalf of the government, thereby deprived the opportunity to utilize SLPA profits.

Prof. Charitha Herath chaired the meeting. Auditor General W.P.C. Wickramaratne attended the meeting whereas Ports and Shipping Secretary K.D.S. Ruwanchandra led the SLPA team.Both MP Vithanage and Prof. Herath asserted that the Finance Ministry should have intervened on behalf of the people. The COPE examined how the SLPA continuously refrained from paying the Treasury at least the minimum amounts in spite of receiving massive profits over the years.  The Director General Public Enterprises, who has received that position recently, struggled to explain their failure to take up the non-transfer of SLPA profits to the Treasury. The COPE was told of Rs 69,686 mn revenue earned from 2016 to 2021, only 600 mn had been transferred to the Treasury.

Lawmaker Vithanage yesterday told The Island that the recent examinations of various enterprises and the Central Bank, by the COPE, as well as other watchdog committees, disclosed how the Finance Ministry, Central Bank and the Monetary Board contributed to the developing crisis. MP Vithanage pointed out even after the Covid-19 eruption devastated the economy, the SLPA had been able to withhold funds required by the Treasury for want of Finance Ministry intervention.Responding to queries, MP Vithanage said that the Parliament should act without further delay to ensure the Finance Ministry and the Monetary Board acted responsibly.



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Navy takes hold of over 140kg of Kerala cannabis in northern waters

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The Navy retrieved about 140kg and 40g (wet weight) of Kerala cannabis adrift in the sea, during a search operation conducted off the Kalmunai Point, Jaffna in the wee hours of today (17 Feb 25).

To combat illegal activities, including drug trafficking via sea routes, the Navy conducts continuous patrols and surveillance operations along the coastal and maritime boundaries of the island.

As an extension of these efforts, SLNS Welusumana belonging to the Northern Naval Command conducted this search operation off the Kalmunai Point, Jaffna. The operation resulted in the recovery of about 140kg and 40g (wet weight) of Kerala cannabis in 04 suspicious sacks, adrift in waters.

It is believed that the smugglers, unable to bring the consignment of Kerala cannabis to shore due to the presence of the Navy, may have abandoned it at sea.

The estimated street value of this stock of Kerala cannabis  is believed to exceed Rs. 56 million.

Meanwhile, the stock of Kerala cannabis was handed over to the Divisional Crime Detective Bureau, Jaffna for onward legal proceedings.

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Speaker of Parliament endorses the certificate on the Local Authorities Elections (Special Provisions) Bill

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The  Speaker, (Dr.) Jagath Wickramaratne endorsed the certificate on the Local Authorities Elections (Special Provisions) Bill on 17.02.2025 in Parliament, in accordance with Article 79 of the Constitution.
The Second Reading debate related to the Bill was held today (17) from 2.00 p.m. to 7.00 p.m. and was passed in Parliament with a special majority, without amendments.
The Local Authorities Elections (Special Provisions) Bill was presented to the Parliament on the 09th of January 2025 for its First Reading.
Accordingly, this Bill shall come into effect as the Local Authorities Elections (Special Provisions) Act No. 01 of 2025.
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Rs 200 million allocated to establish treatment centre for children with Neurodevelopmental Disabilities, including Autism

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The government will allocate Rs. 200 million to establish a treatment center for children with neurodevelopmental disabilities with international standards at the Lady Ridgeway Children’s Hospital (LRH).

Further, efforts will be made to establish similar kind of treatment centers in every district with the necessary human resources within the next five years.

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