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Exports collapse, unemployment rises: Eran Wickremaratne
Pledges to reverse fertilizer policy
SJB parliamentarian Eran Wickramaratne says that his party has decided to allow the use of chemical fertilizer in order to promote export- oriented value -added commercial agriculture.
Addressing a media briefing held at the Opposition Leader’s Office in Colombo, Wickramaratne said that the crisis that started with the food shortages under this government which has no economic policy or plan has now spread to all sectors of the economy, leading to a collapse in exports and a large number of unemployment due to import restrictions on intermediary goods used for exports without dollars.
He said that future SJB government would give priority to exports and the government will mediate directly to seek foreign market opportunities for small and medium scale entrepreneurs. Actions would also be taken to provide the required technology to SME sectors on a priority basis.
Further, in order to give equal opportunity for women in obtaining employment in the private sector, a scheme will be introduced to provide financial relief for maternity leave to private sector employees.
“This government came in to office by spreading falsehoods, inciting racism and with distorted public opinion as it had no policies for governance. The Thera of Kelaniya Rajamaha Viharaya performed a drama of a cobra emerging from Kelani River with a sacred relic, then had a play on arrest of ‘Ranaviruvan’, later staged a play on ‘MCC’ agreement and made another play about the Singapore Free Trade Accord. Now the entire country has realized that this government knows nothing about governance and economic and financial management,” he said.
“Now they are making a soundtrack and using it to get the Attorney General to withdraw cases against politicians of the ruling family and their cronies. Now the latest drama is about chemical fertilizers, power cuts and gas explosions.”
At a time when everything has turned upside down under this government, some ministers have started preaching to deceive the people saying that they should think positively. The government is now creating a dream of the future by misleading the people forgetting the reality, Wickramaratne said.
He said that the Governor of the Central Bank has told a foreign channel on January 24 that Sri Lanka has all the food stocks that it needs.
“But when you go to a shop, you are given only one packet of milk powder per customer. A notice to that effect has also been displayed. Don’t MPs and ministers see this reality? The government advises people to be positive in the face of such market crisis. In order to do so, there must be clarity about the government’s policies and programs.
“Under the existing economy in this country is where not even a bag of cement is freely available. A delegation from the packaging industry told us that there was no corrugated paper in the market. Shortage of intermediary goods to manufacture cartons for export of goods, not only disrupts exports but also leads to the collapse of local industries and unemployment. The food crises in the country has spread one by one and affected the entire sectors but the government has no practical solution.”
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58,454 International aircraft movements in Sri Lanka in first 11months of 2025 – Ministry of Ports and Civil Aviation
According to figures released by the Ministry of Ports and Civil Aviation there have been 58,454 international aircraft movements in the first 11 months of 2025 in Sri Lanka. [An aircraft movement refers to the count of take offs and landings at an airport]
The figures also confirm that tourist arrivals via air stands at 2.1 million.
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Highest revenue in 93-year history of Inland Revenue Department collected in 2025
The Inland Revenue Department has succeeded in collecting Rs. 2,203 billion in revenue in 2025, the highest amount recorded in its 93-year history. This represents a surplus of Rs. 33 billion over the revenue target for the year and a 15 per cent increase compared with the revenue collected in the previous year, stated Commissioner-General of Inland Revenue Ms Rukdevi Fernando.
She made these remarks at a discussion held on Tuesday (30) morning at the Department’s auditorium under the patronage of President Anura Kumara Dissanayake.
Marking the first occasion in the 93-year history of the Inland Revenue Department that a President has visited the Department, the President attended a meeting with the staff to review the progress achieved in 2025 and the new plans for 2026.
The President expressed his appreciation to all officers and staff of the Inland Revenue Department for surpassing the revenue expected by the Government and urged everyone to continue working towards a common objective in order to realise the economic transformation required for the country.
Emphasising that no individual is entitled to the privilege of evading taxes, the President stated that the era in which a tax culture prevailed based on personal or political affiliations has come to an end. He further stressed that the law will be enforced without hesitation, irrespective of status, against those who attempt to evade taxes.
The President also pointed out that tax collection is neither repression nor coercion but a legitimate right of the State, adding that necessary changes will be made to laws, regulations, designations and staffing in order to secure this contribution.
He further emphasised that the Government’s objective is to ensure that the benefits of these economic achievements flow to the people of the country. The Government is focusing on improving essential public services to enhance the quality of life, undertaking a new transformation of the transport system and providing adequate allocations for the development of the education and health sectors.
The President also highlighted the need for a targeted programme to properly collect the taxes due to the Government by addressing issues such as improving tax literacy, simplifying the tax system and filling staff shortages.
Ms Rukdevi Fernando stated that the professional competence and dedication of the Department’s officers were the key factors behind this success.
She further noted that a revenue target of Rs. 2,401 billion has been set for 2026 and that the Department expects to achieve this through programmes aimed at enhancing tax compliance and broadening the tax base.
In addition, she said that the Department plans to expand third-party data sharing, strengthen investigations into domestic and overseas assets, take over the RAMIS system, reinforce risk-based auditing, introduce e-invoicing, adopt modern technology for tax administration and enhance tax ethics in 2026.
Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando, Deputy Minister of Economic Development Nishantha Jayaweera, Secretary to the President Dr Nandika Sanath Kumanayake, Commissioner-General of Inland Revenue Ms Rukdevi Fernando and senior officials and staff of the Department were present at the occasion.
Business
Sri Lanka Customs exceeds revenue targets to enters 2026 with a surplus of Rs. 300 billion – Director General
The year 2025 has been recorded as the highest revenue-earning year in the history of Sri Lanka Customs, stated Director General of Sri Lanka Customs, Mr. S.P. Arukgoda, noting that the Department had surpassed its expected revenue target of Rs. 2,115 billion, enabling it to enter 2026 with an additional surplus of approximately Rs. 300 billion.
The Director General made these remarks at a discussion held on Tuesday (30) morning at the Sri Lanka Customs Auditorium, chaired by President Anura Kumara Dissanayake.
The President visited the Sri Lanka Customs Department this to review the performance achieved in 2025 and to scrutinize the new plans proposed for 2026. During the visit, the President engaged in extensive discussions with the Director General, Directors and senior officials of the Department.
Commending the vital role played by Sri Lanka Customs in generating much-needed state revenue and contributing to economic and social stability, the President expressed his appreciation to the entire Customs employees for their commitment and service.
Emphasizing that Sri Lanka Customs is one of the country’s key revenue-generating institutions, the President highlighted the importance of maintaining operations in an efficient, transparent and accountable manner. The President also called upon all officers to work collectively, with renewed plans and strategies, to lead the country towards economic success in 2026.
The President further stressed that the economic collapse in 2022 was largely due to the government’s inability at the time to generate sufficient rupee revenue and secure adequate foreign exchange. He pointed out that the government has successfully restored economic stability by achieving revenue targets, a capability that has also been vital in addressing recent disaster situations.
A comprehensive discussion was also held on the overall performance and progress of Sri Lanka Customs in 2025, as well as the new strategic plans for 2026, with several new ideas and proposals being presented.
Sri Lanka Customs currently operates under four main pillars, revenue collection, trade facilitation, social protection and institutional development. The President inquired into the progress achieved under each of these areas.
It was revealed that the Internal Affairs Unit, established to prevent corruption and promote an ethical institutional culture, is functioning effectively.
The President also sought updates on measures taken to address long-standing allegations related to congestion, delays and corruption in Customs operations, as well as on plans to modernize cargo inspection systems.
The discussion further covered Sri Lanka Customs’ digitalization programme planned for 2026, along with issues related to recruitment, promotions, training and salaries and allowances of the staff.
Highlighting the strategic importance of airports in preventing attempts to create instability within the country, the President underscored the necessity for Sri Lanka Customs to operate with a comprehensive awareness of its duty to uphold the stability of the State, while also being ready to face upcoming challenges.
The discussion was attended by Minister of Labour and Deputy Minister of Finance and Planning, Dr. Anil Jayanta Fernando, Deputy Minister of Economic Development, Nishantha Jayaweera, Secretary to the President, Dr. Nandika Sanath Kumanayake, Deputy Secretary to the Treasury, A.N.Hapugala, Director General of Sri Lanka Customs, S.P.Arukgoda, members of the Board of Directors and senior officials of the Department.
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