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NPP govt. plans to expand economic ties with ASEAN countries

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President Anura Kumara Dissanayake delivers the Budget speech while Premier Dr. Harini Amarasuriya looks on (pic courtesy Parliament)

President Anura Kumara Dissanayake yesterday told Parliament that the network of Free Trade Agreements (FTAs) with strategic partners, particularly with a view to forging stronger economic ties with ASEAN nations, would be expanded through the Regional Comprehensive Economic Partnership (RCEP) and other agreements.

The following are some of the key 2025 Budget proposals

Expanding Exports of Goods and Services

Government will formulate the national export development plan (2025-2029) with a view to increasing Sri Lanka’s export of goods and services on an ambitious scale by enhancing Sri Lanka’s ability to export into global markets.

With the view of removing limitations in access to high quality, affordable raw materials, new Tariff rates will be based on a National Tariff policy to create a simple, transparent and predictable tariff framework.

Sri Lanka’s network of Free Trade Agreements (FTAs) with strategic partners, particularly with a view to greater economic ties with ASEAN nations, will be expanded through the Regional Comprehensive Economic Partnership (RCEP) and other agreements.

Key border agencies and exporter registration will be automated and integrated through implementation of the Trade National Single Window (TNSW).

The new Customs Law will be introduced to enhance trade facilitation and revenue collection.

Double Taxation Avoidance Agreements (DTAs) will be expanded beyond the existing 44 DTAs with priority given to countries with high trade and investment potential.

Investment Promotion and Facilitation

Government will support expansion of export-oriented investment, sector-specific zones, establishing eco-industrial parks which focus on sustainable practices, resource management, and green technology through Public Private Partnership (PPPs) and privately run zones.

The Government will revisit the Economic Transformation Act with appropriate revisions to suit the emerging developments.

Government will lease out under-utilised state-owned land for productive economic activities.

An Investment Protection Bill will be enacted to facilitate and protect investments.

Improvements in the country’s ease of doing business will be prioritised in key areas such as registering property, ease of paying taxes, trade facilitation, enforcement of contracts, and obtaining credit to attract foreign direct investments (FDI). Measures for digitisation of public services will play an important role in enabling this objective.

Government will introduce laws to ensure effective implementation of the one-stop-shop concept which consolidates all necessary approvals.

Barriers for local firms to invest overseas will be reviewed and gradually rationalised by establishing appropriate safeguards to track repatriation of earnings and dividends.

A Public Private Partnership (PPP) Bill will be introduced.

Bimsaviya programme will be expedited to develop good quality land titles for small scale land owners, which will increase the commercial usability of land.

A new Insolvency Law, already in the draft stages, will be expedited.

Government will call for foreign direct investments to optimize the utilization of Sri Lanka’s untapped potential in investment, industrial development, and value added exports of Sri Lanka’s mineral resources and marine economy.

Government will provide required technical and financial assistance for exporters and importers to obtain quality testing and certifications.

The testing and calibration labs, referral centres, the Referral Centre for health research on cancerous inputs, Universities and other conformity assessment bodies inclusive of Industrial Technology Institute will also be developed with an effective coordination mechanism to have efficient service delivery for clients. In order to fulfill the desired outcome of the NQI system in the country, we propose to allocate Rs.750 million for 2025.

Digital Economy Advancement

Accelerating the development of Sri Lanka’s Digital Economy is one of the most important pillars of our Economic Development strategy. Digital Transformation will uplift economic growth through enhancing productivity across industrial and service sectors, advancing economic opportunity, improving public service delivery and improving transparency in governance and public finance.

Introduction of Sri Lanka Unique Digital Identification (SL-UDI) for all citizens is a key priority. SL-UDI is a foundational Digital Public Infrastructure (DPI) essential for the development of a digital economy. Steps have already begun towards this process and it is expected that this process will be expedited.

Public and Institutional Trust in the Safety and Integrity of Digital Services and Systems is critical for the success and sustainability of Digital Transformation. Sri Lanka’s Digital Economy will be governed and protected through the creation of new legislation and the strengthening of existing legislation. We will also focus on strengthening the related institutional framework. We will enact new Legislation to further accelerate the Digital Economy and to empower an Apex Digital Economy Authority as well as other subject specific agencies in the Digital Eco-System. We will also strengthen legislation and institutions related to Cyber Security, Data Privacy and Data Protection.

Digital Payment Infrastructure is another foundational component of Sri Lanka’s Digital Economy Framework. The accelerated adoption of digital payments flowing between Government, Business and Citizens will be key accelerator of the Digital Economy. The recently launched GovPay system is an example of one such Digital Payment channel. It is necessary to gradually shift away from a cash-based economy. It would be implemented in a carefully phased process with clear communication.

The Government will facilitate a conducive investment environment to attract Private Capital and Partnerships across all segments of the Digital Economy. This will also support to attracting investments towards innovations in artificial intelligence, robotics, FinTech, and other emerging technologies.

Our aim is to grow Sri Lanka’s Digital Economy to a level in excess of USD 15 Bn or 12 percent of the National Economy over the next five years. In achieving this ambition, the Government aims to facilitate an increase in the ICT industry’s annual export revenue to USD 5 billion.

Accordingly, we propose to allocate Rs. 3,000 million to bolster the acceleration of Digital Economy Development through the initiatives described.

Tourism Sector

It is necessary to ensure that we focus on the value generated from tourism instead of simply focusing on the number of arrivals.

Towards this end, steps will be taken to develop local destinations so as to optimize value generation from each destination with local branding of destinations to reflect the unique cultural value proposition of that destination with required infrastructure facilities. After identification, the required critical infrastructure development activities will be carried out on a priority basis during the two-year period, 2025-2026. This infrastructure development will be supported by an integrated city branding and promotion campaign for these developed destinations. For this purpose, we propose to allocate Rs. 500 million for year 2025.

The Government will facilitate training youth in communication and other skills, in the tourism sector.

Developing and promoting new tourist destinations to expand the moving capacity of tourists will be a priority agenda of the Government.

In parallel, a digital ticketing system will be introduced to address issues of over-crowding and improve capacity of the sector.

Bandaranaike International Airport Terminal 2 will be expanded with the support of Japanese investments.

The Government will improve tourist safety and facilities through a combination of technology-based solutions linking the tourist police, Government agencies and civic organizations to provide information on tourist attractions, receive security alerts, feedback on tourist experience and monitor complaints to law enforcement authorities.

Expenditure Management

The Government will continue efforts to streamline state expenditure. The entire ecosystem of allowances and benefits provided to public representatives is being reviewed. Through such interventions, it would be possible to free up valuable resources that are tied up in depreciating assets and deploy them in far more productive uses.

To set an example on the side of the political leadership on expenditure management, the number of Ministers is limited 21. Ministers’ and Deputy Ministers’ expenditure has been rationalized reducing the public expenditure for the Government.

Public resources, such as mansions allocated for the President, Prime Minister and Ministers, have been redirected to effective public use. A Committee is appointed to recommend the best use of such properties in economically viable projects and the public interest.

All luxury vehicles that require heavy running and maintenance expenses will be auctioned.

Minimizing state expenditure on vehicles

Vehicles assigned as official vehicles to Government officials have high fuel consumption and are of significant value. These vehicles incur high maintenance costs. Hence, the Government has decided to minimize heavy expenditure on vehicles by encouraging selected officers through an additional financial benefit.

Student Scholarships

We propose to increase the monthly scholarship amount from Rs. 750 to Rs. 1,500 to students who qualified Grade 5 scholarship examination in low-income families. Accordingly, we propose to allocate Rs. 1,000 million for this purpose.

Nutritious Food Allowance has been supported for students in sports schools to obtain a nutritious diet. Hence, we propose to double the monthly Nutritious Food Allowance from Rs. 5,000 to Rs. 10,000 per student. Budgetary provision has been already made in the 2025 Budget estimate for this purpose.

We propose to increase this stipend from Rs. 4,000 to Rs. 5,000 per month for students in vocational Education. Budgetary provision has already been made in the 2025 Budget estimate for this purpose, in addition to which we propose to allocate a further Rs. 200 million for the same.

We propose to increase the monthly Mahapola scholarship from Rs. 5,000 to Rs. 7,500 and the monthly Bursary payments from Rs. 4,000 to Rs 6,500. A provision of Rs. 4,600 million has already been made in the 2025 Budget estimates.

All of these payments will be made from April, 2025.

Scholarship for Pursuing Undergraduate Courses at High-ranking Universities

We propose to create a programme to offer scholarships for students who show outstanding performance in the G.C.E. A/L examination to study undergraduate degree programmes at high-ranking universities and return to Sri Lanka to apply their acquired knowledge and skills to the country. For this purpose, we propose to allocate Rs. 200 million to initiate this programme in 2025.

Energy Sector

The energy sector is vital for the country’s economic development. We will focus on diversifying energy sources with more weight on renewable energy and modernizing infrastructure. Government will continue to invest in the energy sector while welcoming local and foreign investors who could provide the best tariff advantage to Sri Lanka. Necessary reforms to the regulatory framework will be prioritized to facilitate internal restructuring with the new Act to be passed soon.

We awarded a tender to a 50MW wind power project at USD 4.65 cents for a unit of electricity. In that context, awarding projects at an excessive tariff around USD 8.26 cents cannot be justified. To provide energy at a competitive cost to industries, exporters, and consumers, we will welcome energy investments based on the lowest tariffs and we will not provide preferential treatment purely on the company or the country of origin.

When we exclude the oil tanks given to the CPC and IOC, there are 61 more oil tanks in the Trincomalee oil tank complex which has 99 tanks of 10,000 Metric Ton capacity. Considering the strategic location of these tanks, there is high potential to access international markets. We expect to develop these tanks collaborating with internationally recognized companies.

Other Export Crops – Spices

Measures will be taken to expand value addition in traditional exports, such as Cinnamon. Marketing and promotion of these products will be enhanced through Sri Lanka’s embassies. The Government will provide technical assistance to farmers in order to improve supply quality and facilitate linkage with value added exporters, including through international joint ventures.

In order to link to the global value chain, we propose to allocate Rs. 250 million to implement an integrated product development and trade promotion programme on Ceylon cinnamon and other export crops.

Fisheries and Aquaculture

Limited availability of freshwater prawn seeds is identified as a major constraint to further develop the freshwater prawn farming industry in Sri Lanka. In order to promote the stocking of freshwater prawn in tanks and non-traditional aquaculture, and enhance the future production towards export economy, we propose to empower farming community/fisheries societies and local communities and establishment of freshwater prawn hatcheries under Public Private Partnership (PPP) arrangements, farmer cooperatives and marketing networks and facilitate farmer societies to link with such marketing networks as well. For this purpose, we propose to allocate Rs. 200 million.

Increase of the Kidney Patients /Disability/ Elderly Allowance

We propose to increase the monthly allowances for kidney patients and people with disabilities from Rs. 7,500 to Rs. 10,000 and monthly allowances for elderly persons from Rs. 3,000 to Rs. 5,000 with effect from April 2025.

Special Interest Scheme for Senior Citizens

We propose to implement a Special Interest Scheme for Senior Citizens. Under this scheme, individuals, above 60 years of age, will be eligible for one-year fixed deposits of up to Rs. 1 million with an annual additional interest rate of three percent, above the prevailing interest rates in the market for ensuring their financial stability. To implement the scheme, we propose to allocate Rs. 15,000 million to subsidize the three percent additional interest to be paid for the senior citizens.

This scheme will be implemented from July 2025.



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“Expeditious measures must be taken to address the challenges, barriers, and discriminatory practices against women” – Prime Minister

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Prime Minister Dr. Harini Amarasuriya emphasized the urgent need for prompt and decisive measures to address the challenges, barriers, and discriminatory practices encountered by women both domestically and globally.

The Prime Minister made these remarks on Saturday (22) while addressing the International Women’s Day celebration organized by the United Nations Association in Sri Lanka, held at the Sri Lanka Foundation Institute in Colombo.

During the event, awards were presented in appreciation of women who have achieved significant accomplishments and earned societal recognition in different fields.

Delivering the key note speech, the Prime Minister further stated:

“Equality of all women including young female must be protected irrespective of their socio-economic status, educational background, religion, ethnicity, disability, or any other personal identity. Their fundamental rights must be safeguarded. Sri Lanka has a proud history of strong women who have contributed significantly to the development of the nation and I am well aware that many such remarkable individuals are present in this esteemed audience today.

Women are driving transformational change by assuming leadership roles in politics, business, and social initiatives. The government has implemented different policies and programme to empower women. The 2024 Women’s Empowerment Act has laid the foundation for new legal protections and the establishment of an Independent National Women’s Commission leading a significant step toward institutionalizing gender equality.

The government has prioritized increasing the participation of women in workforce by introducing entrepreneurship and digital financial literacy programme for rural women, along with establishing nine ministries for uplifting the economic level of women and the entire nation. Several initiatives were also incorporated into the recently approved budget. Nevertheless, female representation in leadership, decision-making, and economic participation remains disproportionately low. While efforts have been made to create opportunities in education, economic development, and healthcare for women and young female, it is imperative to acknowledge that there are much more remains to be done.

Although the women’s representation in Parliament has been doubled, it remains at approximately 10%. A greater representation of women is essential in political spheres, decision-making, and leadership roles. Currently, women’s participation in the formal workforce with pay is at 32%, which is significantly lower compared to the male counterparts.

Some individuals assert that achieving work-life balance is an unattainable goal for women, while simultaneously expecting them to manage all responsibilities. However, it is important to acknowledge that it is not possible to do everything. What is truly required is the opportunity for women to pursue what they aspire to do, within families and a society that values and respect women. It is imperative to foster an environment that offers greater support for women. In this regard, recognizing and appreciating the care giving responsibilities undertaken by unpaid women is essential.

Gender-based violence and discrimination remain prevalent in society. Addressing these issues requires urgent legal and social reforms. The journey toward gender equality cannot be undertaken in isolation. As a nation committed to the United Nations Sustainable Development Goals, particularly Goal 5 on Gender Equality, it is essential to maintain strong global partnerships and take sincere steps toward the empowerment of women. In a rapidly evolving world, empowering women must go hand in hand with ensuring their active contribution to national development and the United Nations in Sri Lanka continues to serve as a valuable advisor and advocate for women’s rights.”

Prime Minister Dr. Harini Amarasuriya reiterated the importance of implementing effective measures to identify and address the challenges, barriers, and discriminatory practices faced by women both locally and internationally.

The event was attended by the Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath; Secretary-General to United Nations Association of Sri Lanka Mr. M.M. Rushaudeen; Assistant Secretary-General to United Nations Association of Sri Lanka Ms. Panchali Ratnayake; and several other distinguished guests.

[Prime Minister’s Media Division]

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National People’s Power (NPP) government has stabilized the economy over the past four months – President

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President Anura Kumara Disanayake stated that the National People’s Power (NPP) government has stabilized the economy over the past four months that has instilled confidence in the country’s ability to move toward a prosperous future.

He further noted that the government has achieved numerous economic victories, increased state revenue, and resumed several stalled development projects initiated with foreign assistance, thereby signaling economic stability to the nation.

President Disanayake made these remarks on Friday (21) during the parliamentary debate on the third reading of the budget.

He asserted that those who attempt to disrupt this national progress for political gain will ultimately be rendered irrelevant in politics. He emphasized that the only path available to all politicians in the country today is to align with and support the government’s development agenda.

Additionally, the President stated that the era of media-driven politics has come to an end, arguing that if such an approach were still effective, the current government would not have come to power. He described the present administration as a political movement that remains engaged in continuous dialogue with the people.

Reflecting on past opportunities to rebuild the nation that was squandered, President Disanayake stressed that neither he nor his government would let the current opportunity slip away. He reiterated that their mission will only conclude once the country has been fully rescued from its current challenges.

President Anura Kumara Disanayake stated that neither he nor any minister in the government harbours personal ambitions; instead, their only aspiration is the well-being of the country and its people. He firmly assured that this vision will be realized and invited all members of the opposition to be active participants in the nation’s journey toward success, rather than being remembered in history as obstacles to progress.

Further elaborating on his views, the President remarked:

“This is one of the longest budget debates held in Parliament in recent times. Previously, adequate time was not allocated for such discussions, but we ensured a full-length debate. During this discussion, various points were raised; some out of pain, others out of anger. Some of these concerns were valid. We are not surprised by expressions of pain or anger. When lands in Hanthana are lost, pain is inevitable. It is saddening. The documents related to this matter are available at the Presidential Secretariat. We understand the frustration and outrage. However, we must also be prepared to embrace what is beneficial and reject what is not.

We are a political movement that firmly believes the country’s economic system must undergo a decisive transformation and we are actively working toward that goal. Moreover, we clearly understand how to implement this transformation. If the economy were in a strong and crisis-free state, this shift could happen swiftly. However, given the dire economic situation, the transformation must be carefully planned and executed over time.

Therefore, we fully understand the concerns being raised. For a long time, this country has followed economic policies that have failed to serve its people. Now, we are taking decisive steps to establish an economy that benefits both the country and its citizens. To achieve this transformation, our first priority is to stabilize the economy. An economy burdened by multiple crises cannot withstand sudden, large-scale changes. A vehicle with broken wheels cannot make sharp turns; first, the wheels must be fixed. That is why we are systematically working to steer the economy forward with careful planning.

We inherited a state that was officially declared bankrupt, not just officially, but in reality as well. There was a massive gap between the country’s revenue and expenditure. While the expected total revenue was LKR 4,999 billion, debt interest payments alone required LKR 2,950 billion. Additionally, LKR 1,352 billion was needed for public sector salaries and LKR 442 billion for pension payments. This meant that from the total revenue of LKR 4,990 billion, LKR 4,744 billion was immediately spent on interest, salaries and pensions, leaving only LKR 246 billion. An economy in such a dire state cannot be turned around overnight.

Furthermore, the country is burdened with a significant amount of debt and a collection of state institutions that incur massive annual losses. Last year, the Sri Lanka Rupavahini Corporation recorded a loss of LKR 256 million, with outstanding debt amounting to LKR 1,834 million. The Sri Lanka Broadcasting Corporation reported a loss of LKR 152 million, while its debt stood at LKR 1,603 million. The Independent Television Network (ITN) had a debt of LKR 1,476 million. Lanka Sugar Company carried a debt of LKR 11,165 million, the State Plantation Corporation owed LKR 3,216 million, Milco (Pvt) Ltd had a debt of LKR 15,090 million and SriLankan Airlines was burdened with nearly LKR 340 billion in debt.

With such conditions, the revenue generated by the state was barely sufficient to cover the fundamental expenditures I previously outlined. The country we inherited was one with highly concentrated and insufficient revenue. Additionally, the segment of society contributing to the national economy was extremely small. For instance, 90% of Sri Lanka’s export income is generated by just 10% of exporters. Similarly, approximately 69% of the revenue collected by the Department of Inland Revenue comes from around 600 tax files.

Moreover, we had become a bankrupt state in the eyes of the world; a country unable to secure loans and one where trust in the banking system had collapsed. Therefore, our first and foremost responsibility was to stabilize the economy. Without economic stability, we were not prepared to undertake any major transformations. History has shown that every economic shift attempted without first achieving stability has resulted in negative consequences.

When we took over the government, Sri Lanka was already engaged in a four-year Extended Fund Facility (EFF) program with the International Monetary Fund (IMF). We were faced with two choices: either to continue with this program or to abandon it. While many expected us to walk away from the IMF agreement, we did not fall into that trap. We knew that given the fragile state of the economy, even a small misstep on our part could lead to severe economic repercussions. As a government, our primary responsibility in restoring a collapsed economy was to ensure that we did not make even minor mistakes.

Accordingly, our first priority was to establish economic stability in the country. Today, no one can claim that Sri Lanka lacks economic stability. I must emphasize that we worked tirelessly to achieve this stability. As a key milestone in this effort, on December 21 of last year, our country was officially declared free from bankruptcy. Until that point, we were a state that had defaulted on its debt. However, we have now transitioned to a country that, while not currently repaying its debt, has reached an agreement on its repayment. We have secured an extension until 2028 to begin settling our outstanding debts.

As a bankrupt nation, our country suffered immense damage. Consequently, many development projects that were dependent on foreign aid came to a halt. However, after Sri Lanka was freed from bankruptcy, the respective countries have decided to resume these projects. This is a clear indication of the country’s growing stability.

Additionally, with the visit of Indian Prime Minister Narendra Modi to Sri Lanka on April 5, work on the Sampur power plant is set to commence. Similarly, within the next two months, a new solar power plant in Siyambalanduwa and a 50-megawatt wind power plant in Mannar will begin operations.

We have successfully steered the country from economic instability to stability. We have restored confidence among businesses, investors and international financial institutions regarding Sri Lanka’s financial standing. Today, the exchange rate has remained stable at approximately LKR 300 per USD for the past three years; an achievement that had not been seen in recent history.

Furthermore, Sri Lanka has transitioned from being a high-risk debtor nation to one with reduced debt risk. Trust in the banking system has been reinstated and interest rates have been brought down to single digits. By mid-year, we anticipate achieving positive inflation growth. In the past two months, the highest recorded remittance inflow from migrant workers in recent history was received, signifying growing confidence in the country’s economic stability.

Additionally, Sri Lanka has seen a significant influx of tourists. As of March 17, over 610,000 tourists had arrived in the country. We can confidently predict that this year will see the highest number of tourist arrivals in Sri Lanka’s history.

In Parliament, we have often observed discrepancies between estimated and actual revenue figures. However, in 2024, the Department of Customs met the estimated revenue target. We initially projected an income of LKR 356 billion from the Inland Revenue Department, but by March 17, the actual revenue had reached LKR 438 billion. Similarly, in January, the Customs Department’s revenue surpassed its estimated target.

Furthermore, we are striving to generate revenue that exceeds our projected income for this year. Achieving economic stability is crucial for the country, as substantial transformations in the economy cannot be realized without first securing such stability. In the past, private entrepreneurs lacked confidence in the nation’s economic landscape. Progress cannot be made without fostering trust among key economic stakeholders. The economy cannot be managed based on mere intuition; rather, we rely on data, analytical assessments, and conclusions drawn from those analyses to steer the country’s economic direction.

The decision to permit motor vehicle imports is a highly sensitive one, and we are continuously reviewing it to ensure we achieve our intended objectives.

You are free to engage in political discourse as much as you wish, but we earnestly request that false information, which could destabilize the economy, not be disseminated. Individuals identified as economic experts must ensure their statements are responsible, as reckless claims can create significant instability in the financial markets. Stabilizing the economy is not solely the government’s responsibility; it is a collective duty that we must all fulfill as citizens and public representatives.

We may engage in political debates, but I must once again appeal that false and damaging economic information not be spread. In a well-functioning economy, such statements may not have severe consequences. However, at a time when we are carefully navigating an economic recovery, it is critical not to create unnecessary doubt. If you have concerns, let us discuss them. Do not irresponsibly propagate unverified claims. This is a moment when we must all act responsibly to stabilize the economy.

At the same time, we cannot allow the lives of our citizens to stagnate until economic stability is fully achieved. We are systematically implementing measures to boost local production while also providing necessary relief to safeguard the livelihoods of the general public. Accordingly, we have increased the fertilizer subsidy from Rs. 15,000 to Rs. 25,000 and, in a recent Cabinet decision, allocated an additional Rs. 15,000 for excess crops cultivated in paddy fields. Furthermore, we have enhanced compensation for harvest losses. We will never abandon our duty to support the people.

We have allocated a Rs. 6,000 allowance for 1.6 million schoolchildren to purchase books and supplies. These programs are being implemented despite the economic challenges we face. Additionally, we have increased the allowance for kidney patients from Rs. 7,500 to Rs. 10,000 and raised the elderly allowance from Rs. 3,000 to Rs. 5,000. Moreover, we have increased the pensions of retirees by Rs. 3,000. We remain committed to the welfare of our citizens.

We have taken steps to increase the Mahapola scholarship from Rs. 5,000 to Rs. 7,500 and the student allowance from Rs. 4,000 to Rs. 6,500. Additionally, we have decided to provide an allowance of Rs. 5,000 for orphaned children and deposit Rs. 3,000 into their fixed savings accounts. Furthermore, when an orphan, particularly a young girl, residing in a state institution reaches the age of marriage, we have allocated Rs. 1 million for the construction of a house. We take full responsibility for the welfare of these children. We have also increased the daily meal allowance for preschool children from Rs. 60 to Rs. 100.

Regarding salary increases for public sector employees, we focused on two key issues. There was a prevailing trend of skilled government officials leaving the country, and simultaneously, we struggled to attract individuals with specialized expertise and competence to the public sector. Despite financial challenges, we recognized the necessity of implementing a meaningful salary increase for public sector employees.

This was an unanticipated increase in basic salaries. We implemented this increase based on a scientific approach, alongside enhancements to other allowances. We also made adjustments to previously unaddressed salary scales to ensure tangible improvements. However, if future adjustments to this framework are deemed necessary while safeguarding core principles and integrity, we are prepared to take action. Our ultimate goal is to establish an efficient and well-functioning public sector.

What, then, is the opposition doing today? Even if I were to assume the presidency today, I would still be entitled to a parliamentary pension—a fact I was previously unaware of. However, upon learning of it, I immediately submitted a request to Parliament to forgo this pension. A Member of Parliament who becomes President receives both the parliamentary pension and the presidential salary. In the past, such benefits were distributed at will. Similarly, when an MP is appointed as a Minister, they receive both a ministerial salary and a parliamentary salary. However, we have decided that our ministers and deputy ministers will only receive the MP salary.

If we are to transform this country, the political system must change. Accordingly, we are expediting the introduction of a bill to abolish parliamentary pensions. We are also swiftly amending the Presidents Entitlements Act and presenting it to Parliament. In the near future, we will introduce several key bills that all members of Parliament should unite to support. Furthermore, MPs will no longer receive duty-free vehicle permits, and we uphold the policy that a Member of Parliament should receive an official vehicle only during their tenure.

We have also reduced the number of Cabinet Ministers to 21, with Deputy Ministers appointed accordingly. Ministers are no longer provided with official residences. Establishing political stability in the country is essential, and when ministers and politicians lead by example through sacrifices, public servants must also be prepared to follow suit. Instead of engaging in superficial debates over dignity and pride, we must focus on substantive progress.

We have paid special attention to the issue of unemployed graduates and are ensuring that job placements follow a proper policy framework. We have identified 15,300 vacancies in the public sector, and the relevant committee has approved the filling of these positions. As a result, we plan to recruit 30,000 individuals into government positions, ensuring that the process is carried out transparently and systematically. However, we must avoid unnecessary over-recruitment, and I urge all members of Parliament to exercise restraint in this regard. We recognize the importance of public service, but the financial burden of maintaining the public sector is extremely high. Therefore, we are proceeding with a carefully planned approach.

If our government were merely to continue the existing system, governance would be far easier. However, the people elected us to bring about meaningful reforms for the nation’s progress.

In this endeavor, the business community plays a critical role. Everyone must pay taxes fairly, and we are committed to enforcing the law against tax evasion. At the same time, we assure that every rupee collected in taxes will be safeguarded and utilized responsibly. We also plan to introduce special incentives for taxpayers.

We must rebuild public trust in the nation’s tax system. We are fostering a new political culture to achieve this. When people are confident that their tax contributions are managed transparently and efficiently, they will willingly comply. In the past, taxpayers hesitated because they saw their contributions being misused. We are committed to changing this perception and restoring trust in the system.

Moreover, professionals must contribute to national development. The government must ensure that essential services are provided without imposing additional costs on the people. Corruption weakens the public sector and hinders economic growth. Corruption is an economic crime, and we will take strict measures to address it. The state must be reformed. We must eliminate the deeply rooted culture of corruption within the government apparatus.

We are also committed to creating a more investment-friendly environment within the country, introducing an Investment Protection Act. Additionally, we are in the process of amending the Strategic Development Projects Act to ensure that tax concessions are granted based on national requirements rather than personal affiliations. This legislation will be presented to Parliament promptly.

Furthermore, we anticipate significant reforms in the education sector and have initiated a project to streamline the school system. By expanding vocational training and educational pathways, we aim to transform the education system in a way that secures a brighter future for the country’s children.

We are implementing necessary relief measures to support small and medium-scale entrepreneurs while also planning a substantial transformation in the agricultural sector. A major initiative is underway to develop a port-centric maritime economy, and with the assistance of the Asian Development Bank, we are expediting the construction of the Kerawalapitiya Container Terminal.

Through these measures, we strive to stabilize the national economy and guide the country towards its future goals. It is essential that we all come together and strengthen this journey as we move forward.

[PMD]

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GR’s Jaffna case to be next heard on July 30

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Lalith Weeraraj and Kugun Muruganandan

The Appeal Court last week (18) set a date for July 30 to review of a petition seeking the annulment of an order previously issued by the court that prevented the summoning of former President Gotabaya Rajapaksa as a witness in the case regarding the disappearance of social activists Lalith Weeraraj and Kugun Muruganandan.

The case is currently being heard at the Jaffna Court.

The petition, filed by the association of relatives of missing persons during the war, seeks a fresh order compelling Rajapaksa to appear as a witness. Lalith Weeraraj and Kugun Muruganandan went missing on December 9, 2011, and the case is being heard in connection with their abduction. Rajapaksa, who was then Defence Secretary, was previously summoned to testify in the Jaffna Court in relation to the case.

Rajapaksa challenged the summons, citing security concerns, and an appeal filed in the Appeal Court resulted in dismissing the order, preventing him from appearing in court. The new petition aims to overturn this decision, as Rajapaksa is no longer serving as president.

The case involves the abduction of Lalith and Kugun, two activists who disappeared in Jaffna in 2011. The relatives of the missing persons are pushing for the court to compel Rajapaksa to testify, arguing that he is no longer protected by the previous ruling, which had prevented him from being summoned while in office.

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