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Godahewa says President by his erratic behavior has become misfit to run country
Member of Parliament Dr. Nalaka Godahewa says that even in this budget, the President’s plan to break a part of the opposition has failed. He said so at a recent press conference held at the Nawala office of the Freedom Janata Sabha on the budget and the current political situation.
“We are in temporary relief like a debtor who hides until the police catch him for not paying back the debt to the creditors. To tell the truth, we are on top of a volcano. Even if the future is not planned properly, even if it happens in early 2022, this crisis is going to explode in a more terrifying way.
Therefore, basically, what we expected from the budget was:
* How can the government reactivate the economy and push for growth?
* How can the government bail us out of the debt trap?
Here are the answers to these problems.
But instead of a budget that will reduce the debt burden of the country and reactivate our economy, the President presented a budget that will increase the country’s expenses further. Instead of reducing the debt burden of the country, which consists of some kind of election gundu (handout) to please the people, it will greatly increase the debt burden. In short, this was presented not as a budget but as a series of loans.
The estimated expenditure of next year is 6978 billion rupees. Let’s say roughly Rs 7000 billion.
It was during the last year before we faced the crisis that is 2021. The actual annual expenditure was 3851 billion rupees. Let’s say approximately 4000 billion rupees.
So, the government is waiting to spend 3000 billion more than before the crisis. The cost increases by 75%.
But the country’s economy has not developed during this time. It has continuously contracted in these three years. We said that we increased taxes and increased government revenue, but we got that tax revenue by robbing the people and businesses of the country.
According to the government’s estimates, the income that can be earned this year is only 4000 billion. In that case, another 3000 billion will be added to our debt burden.
So in such a situation, can the government’s economic differentiation be justified?
That is why we voted against the budget.
During the presentation of the budget and afterwards, the President said several times that 2024 is an election year. He hinted that not only the presidential election but also the general election is likely to be held. I believe that when Chanda Gundu prepared the budget, he might have been waiting to do so. But the final result of the budget was not what the President was waiting for.
He waited and waited to see if a certain group of the opposition would be able to join the government during the budget poll. He also hoped that a large number of the opposition would be abstain from the vote. We have heard that some members of the opposition had discussed this with his agents. But in the end, the government received fewer votes than it received during the previous domestic debt restructuring. Many MPs from the opposition who did not participate at earlier votes came that day and voted against the budget.
This is a kind of personal defeat for the President. He hoped that this time SJB would split. In order to go to the polls without the Rajapakses in the future, it is essential for him to gather a certain group of MPs from opposition. But this final vote proved that it is still just a dream.
Now he cannot bear this. He can see that the SJB team is very strongly with the opposition leader today. He thinks that is because of the influence of the independent groups in the opposition. He thinks that the main opposition, which abstained from voting against the IMF agreement when it was first brought to parliament, is now continuously voting against his economic program because of our influence. That is why yesterday he insulted me and Mr. G.L. Peiris by name in the Parliament. As the opposition leader said, we understand the President’s mental discomfort. He is in a difficult situation. But we have nothing to do with it. We continue to advocate for the economic philosophy we believe in. Fortunately, it seems that the leader of the opposition also stands for the social democratic economy that we believe in. That is why his group has taken a strong stand against the budget without falling into the trap set by the President.
Recently, the President came and spoke twice in Parliament. The first time he got into an argument with the leader of the opposition and left the debate midway. He came to Parliament again yesterday and got into a long argument with the leader of the opposition. In my opinion, the President suffered a defeat on both occasions. So I wonder why this President comes to the parliament in this way and gets involved in debates demeaning his position.
Perhaps as the person who has continuously represented the Parliament for the longest time, he is bored without coming to the House. But I think that he misses a lot of work that needs his attention. As the President is also the Finance Minister and Defense Minister of the country, he has a lot of work to do on a daily basis. But what he is doing is enjoying himself like the retired presidents of America by giving lectures on all necessary and unnecessary topics inside and outside the parliament, traveling all over the world. If this is what he wants to do, then he must appoint a full-time finance minister.
The problem of this government is its inability to implement the policies, more than the fault of the policies.
On the one hand, the government is talking about the need to develop industries, while on the other hand, by increasing the electricity bills, it is making it difficult for industries to function.
On the one hand, the government is talking about the development of small and medium enterprises, while importing even eggs from abroad.
The people are not able to bear the cost of health, and at some time they are preparing to introduce the 18% VAT which will affect the health sector as well.
The left hand does not know what the right hand is doing. Look at the cricket board dispute. The minister says one thing, the president says another.
Now, this country needs an honest agenda.
What we need now is an integrated economic development plan. This country cannot be rebuilt with unrelated proposals like throwing stones at the mango tree, thinking that a mango will fall by some luck.
This country needs proper leadership. It is not a government that depends on a single person, but a unity of a group of skilled leaders is needed. We need an honest, skilled, and experienced group dedicated to rebuilding the country.
We need a team with an understanding of economics. We need a team that understands the ground reality. We need a team that understands the strengths and weaknesses of the government as well as the private sector.
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Oil price falls back to pre-Iran war levels
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.
Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $73.23.
Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments.
The cost of crude has been moving sharply lower since the US and Iran signed a Memorandum of Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran’s nuclear programme and other measures to end the war.
Representatives from the two sides met in Switzerland last weekend for talks to end the war, which resulted in the US partially lifting sanctions on Iranian oil exports.
The number of vessels crossing the Strait of Hormuz has risen significantly since the MOU was signed, according to maritime intelligence firm Kpler.
Its latest data suggests 284 vessels have made the transit from 18 June, the day after the deal was signed, although that is is still well below the pre-conflict average of some 138 crossings each day.
The ships passing through the waterway in recent days include those carrying crude oil, liquefied natural gas (LNG), fertiliser and other goods, Kpler told the BBC.
The US and Iran had also formed a “communication line” to prevent misunderstandings “with the aim of safe passage for commercial vessels through the Strait of Hormuz”, mediators Qatar and Pakistan said in a joint statement on Monday.
There has been a “tremendous shift” with far more ships using the strait in recent days, said Dimitris Maniatis, the chief executive of Marisks, a maritime risk advisory firm working with ships stuck in the region.
A limited number of ships can cross a northern passageway with the permission of Iranian authorities, he said.
The US navy has also provided guidance for vessels to travel through a southern route that is safe from mines and other obstacles that has been laid out since the war, Maniatis said.
But the number of ships crossing the strait is still below levels seen before the war, when it was used by more than 100 ships a day.
Hundreds of ships still appear to be waiting in the Gulf.

Fuel prices at the pump rose sharply when the Iran war began, and now the focus is on how quickly they will fall.
“On the back of the lowest oil price since before the Iran war started, drivers should see the average price of petrol fall below 150p [a litre] in the next week or so,” said Simon Williams, head of policy at UK motoring group the RAC. He added the price of diesel “ought to go back under 160p.
Petrol peaked at 159.53p a litre on 28 May, according to the RAC, while diesel has fallen from a high of 191.54p on 15 April.
The average price of regular gasoline in the US has dropped to around $3.93 a gallon after reaching $4 a gallon in April, its highest since 2022, but is still well above pre-war levels.
US President Donald Trump on Wednesday ordered an investigation into major energy companies, accusing Shell, ExxonMobil and other firms of “gouging” drivers by not reducing fuel prices even as oil costs fell.
“Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” Trump told reporters in the Oval Office.
The American Petroleum Institute, which represents the oil and gas industry in the US, said fuel prices “don’t move in lockstep with crude oil”.
British energy firms have faced similar accusations of unfairly hiking petrol prices since the Iran war.
The UK competition watchdog said last month that there was no widespread evidence of this, adding that average profit margins were “broadly unchanged” between February and March
(BBC)
News
Representatives from the Ceylon Chamber of Commerce meet PM
Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.
During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.
Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.
The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.
[Prime Minister’s Media Division]
News
Progress of Housing Project for Malayagam Community families funded by India reviewed
A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.
Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.
Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.
For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.
During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.
The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.
Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.
(PMD)
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