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Need for Rs 231.5 bn to cover payments to CPC shows how mispricing burdens taxpayers – Harsha

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MP Harsha de Silva responds to questions at the LKI forum

Reiterating the urgent need for tax reforms, Chairman of the Committee on Public Finance (COPF) Dr. Harsha de Silva, MP, recently pointed out that regardless of various claims tax revenue stood at only 8% of GDP, a stark contrast to the 20% it once represented during President Ranasinghe Premadasa’s time.

The former UNP State Minister and current top SJB spokesperson on economic matters addressed the issues at hand at an event held under the theme, “Insights with Harsha: Smart Policies & Economic Revival” at the Lakshman Kadirgamar Institute (LKI).

Dr. de Silva commented on critical issues, starting with the pressing need for tax reform. He said tax revenue currently accounted for only 8% of GDP as opposed to 20% during Ranasinghe Premadasa’s presidency. The MP emphasised the importance of revenue rationalisation while ensuring fairness in the tax system.

Another vital issue raised during the event was the adoption of cost-based tariffs or cost-reflective pricing. The MP noted that the approach helped reduce government expenditure and the funds so saved could be used to support loss-making enterprises. Referring to the need to allocate Rs 231.5 billion for the CPC he said mispricing could be a burden on the taxpaying public.



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Prime Minister of Sri Lanka holds a bilateral meeting with Minister for Education and Skills Development of Bhutan

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On the sidelines of the inaugural Global Conscious Food Systems Summit 2026, being held in Bhutan from 31 August to 4 September 2026, Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, in her capacity as Minister of Education, Higher Education and Vocational Education, held a productive bilateral meeting with Yeezang De Thapa, Minister for Education and Skills Development of Bhutan, on 03 September 2026.

The discussions focused on further strengthening and expanding Sri Lanka-Bhutan cooperation in the education sector, with particular emphasis on developing mutually beneficial initiatives through enhanced Government-to-Government engagement.

Both sides underscored the importance of deepening institutional cooperation and exploring new avenues for collaboration in education, higher education and vocational training, with a view to creating greater opportunities for students, educators and academic institutions of both countries.

During the meeting, both sides agreed to initiate discussions towards the finalization and signing of a Memorandum of Understanding (MoU) on cooperation in the fields of education and vocational training. It was also agreed that the implementation of the MoU could be facilitated through the establishment of a Joint Working Group, headed at the Secretary level, with meetings to be convened annually to review progress, identify new areas of cooperation, and facilitate the effective implementation of agreed activities.

The major areas of cooperation discussed included enhancing collaboration among universities and academic institutions, promoting academic and faculty exchanges, joint research and university programmes, strengthening training and capacity-building opportunities for educators and teachers, and sharing expertise and best practices in the education and vocational training sectors.

The two sides also discussed strengthening child protection and safeguarding mechanisms, promoting ethical values among students, and addressing violence against children while ensuring their safety, protection, well-being and access to quality education.

Opportunities for Bhutanese students to pursue undergraduate studies at universities in Sri Lanka were also discussed, with particular emphasis on Dentistry, Medicine (MBBS), and allied health disciplines such as Physiotherapy. The discussions further covered opportunities for postgraduate studies in medical and health sciences at Sri Lankan universities, as well as enhanced collaboration among universities and other academic institutions of the two countries.

The meeting provided a valuable opportunity for Sri Lanka and Bhutan to advance cooperation in education and vocational training and explore new avenues for long-term collaboration for the mutual benefit of students, educators and academic institutions of both countries.

(Prime Minister’s Media Division)

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Prime Minister Meets His Majesty the King of Bhutan

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Prime Minister Dr. Harini Amarasuriya had an audience with His Majesty King Jigme Khesar Namgyel Wangchuck at the Tashichhodzong in Thimphu on September 02, during her official visit to the Kingdom of Bhutan.

The cordial discussion focused on Bhutan’s future development priorities and opportunities for cooperation between the two countries.

His Majesty expressed Bhutan’s interest in drawing on Sri Lanka’s experiences and expertise in areas relevant to its development plans. The discussion also focused on promoting investment between the two countries, including the possibility of establishing an investment zone in Bhutan.

The two sides also exchanged views on demographic challenges facing Bhutan, including the increasing migration of young people and its impact on the country’s population and future workforce.

The meeting highlighted the importance of strengthening bilateral cooperation and sharing experiences and best practices in support of the sustainable development of both countries.

(Prime Minister’s Media Division)

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SLPP MP Namal Rajapaksa arrested by CIABOC

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(File pic)

Sri Lanka Podujana Peramuna (SLPP)  Member of Parliament Namal Rajapaksa has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

Namal Rajapaksa had been  summoned by CIABOC  to provide a statement in connection with investigations into the controversial Airbus deal. He was subsequently arrested by CIABOC after recording his statement for over 5 hours.

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