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Only 36 out of 1,200 public sector accountants professionally qualified

Published

1 year ago

2025/02/27

Sahan Weerasooriya

Panel discussion of the CA Sri Lanka’s Annual Budget Seminar 2025 in session

CA offers way to bridge critical skills gap

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has urged the government to integrate CA Sri Lanka’s Chartered Public Finance Accountant (CPFA) qualification into public service recruitment to bridge the critical skills gap in professionalising the country’s public sector finance management.

CA Sri Lanka President, Heshana Kuruppu said that there was an urgent need to professionalise Sri Lanka’s public sector finance management, drawing comparisons to Cyprus’ economic recovery, which saw a significant shift towards qualified professionals in financial roles.

Addressing CA Sri Lanka’s Annual Budget Seminar 2025, Kuruppu said although there are 1,200 public sector accountants in Sri Lanka, only 36 are professionally qualified as per recent most available statistics.

The Annual Budget Seminar 2025 held at the CA Sri Lanka auditorium brought together leading experts in finance, taxation, and policy, to analyze the country’s fiscal trajectory and provided a platform for in-depth discussions on the government’s budget proposals and their economic implications, with the keynote delivered by Dr. Harshana Suriyapperuma, Deputy Minister of Finance and Planning.

CA Sri Lanka also utilized the platform to reaffirm its commitment to supporting policymakers, businesses, and professionals in driving sustainable economic progress, while also underscoring its readiness to assist the government in key areas, including strengthening institutional governance of state-owned enterprises (SOEs).

Kuruppu, who emphasized the critical role of financial governance, public sector efficiency, and regulatory improvements in shaping Sri Lanka’s economic future. Highlighting the Budget’s key proposals, he called for greater institutional reforms, particularly in State-Owned Enterprises (SOEs).

“As you know, CA Sri Lanka played a pioneering role in introducing the corporate governance framework to corporates in the country and supported its voluntary adoption by many corporates well before it became law. We are ready to share our experience and expertise with SOEs to improve their governance structure, including the role of directors, the role of audit committees, improving transparency through timely reporting, and risk management. This support could be provided through organizing workshops or other knowledge-sharing initiatives to support the government’s plans,” Kuruppu said.

During the seminar, Sarah Afker, Chairperson, Faculty of Taxation, CA Sri Lanka, delivered the key highlights of the National Budget, which was followed by a high-profile panel discussion, featuring Thanuja Perera, Tax Policy Advisor, Ministry of Finance; Dr. Nishan de Mel, Executive Director, Verité Research; Dr. Roshan Perera, Economist; Nisreen Rehmanjee, Head of Corporate Finance & Group Tax, John Keells Group PLC; Ayesha Ashenthi, Commissioner, Department of Inland Revenue; and Afker, with the session being moderated by Saman Sri Lal, Council Member and Alternate Chair, Faculty of Taxation.

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Maldivian President plants a sapling to mark 60 years of Sri Lanka–Maldives Diplomatic Relations

Published

18 mins ago

2026/05/4

Priyan

President of the Maldives, Dr Mohamed Muizzu, who is on a State Visit to Sri Lanka at the invitation of President Anura Kumara Dissanayake, planted a sapling this afternoon (04) at Viharamahadevi Park in Colombo to commemorate 60 years of diplomatic relations between Sri Lanka and the Maldives.

Upon arrival at the Viharamahadevi Park in Colombo, President Dr Mohamed Muizzu was warmly received by President Anura Kumara Dissanayake. Children lined both sides of the pathway holding the national flags of the two countries and paid tribute to the visiting Maldivian President.

Among those present at the occasion were Deputy Speaker Rizvi Salih, Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath and the Mayor of Colombo, Vraie Cally Balthazaar, along with several other dignitaries.

[President’s Media Division (PMD)]

News

Sri Lanka and Maldives strengthen ties with productive bilateral talks

Published

22 mins ago

2026/05/4

Priyan

Following the bilateral meeting between President Anura Kumara Dissanayake and President Dr. Mohamed Muizzu of the Maldives, who is currently on a State visit to Sri Lanka, official-level bilateral discussions between the delegations of the two countries were held this morning (04) at the Presidential Secretariat.

The discussions commenced after the formal welcome ceremony accorded to President Dr. Mohamed Muizzu earlier this morning within the Presidential Secretariat premises.

Extending a warm welcome to the Maldivian President, President Anura Kumara Dissanayake expressed his appreciation for accepting the invitation to visit Sri Lanka.

President Dissanayake noted that President Muizzu’s visit, taking place as the two nations mark 61 years of diplomatic relations, reflects the strong partnership, mutual trust and longstanding friendship between Sri Lanka and the Maldives. The President further expressed confidence that the visit would mark a new phase in bilateral relations.

The two leaders engaged in extensive discussions on ways to further expand and diversify multifaceted cooperation, including economic, cultural and social ties, in a manner that delivers mutual benefits to the people of both countries.

Key areas of focus included tourism promotion, educational cooperation, youth and sports development, challenges faced by both nations in the fisheries sector within the Indian Ocean region, education and vocational training, as well as defence training and broader security cooperation.

Representing the Government of Sri Lanka were Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, Minister of Labour and Deputy Minister of Finance and Planning, Anil Jayantha Fernando, Minister of Science and Technology, Krishantha Abeysena; Deputy Speaker Rizvie Salih, Secretary to the President, Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Defence, Air Vice Marshal Sampath Thuyacontha (Retired), Additional Secretary to the Ministry of Foreign Affairs (covering Europe, North America, East Asia and Oceania, Southeast Asia and Central Asia, South Asia, the Middle East and Legal Affairs) M. R. K. Lenagala, Sri Lanka’s High Commissioner to the Maldives, Mohamed Rizvi Hassan and Director (South Asia and SAARC) of the Ministry of Foreign Affairs, Foreign Employment and Tourism, Mahesha Jayawardena.

The Maldivian delegation included Minister of Foreign Affairs Iruthisham Adam, Minister of Economic Development and Trade, Mohamed Saeed, Minister of Fisheries, Agriculture and Marine Resources, Ahmed Shiyam, Minister of Homeland Security and Technology, Ali Ihusaan, Chief of Staff to the President, Abdulla Fayaz, Principal Secretary to the President on Foreign Relations, Mohamed Naseer; Chief Government Spokesperson, Mohamed Hussain Shareef, High Commissioner of the Maldives to Sri Lanka,Masood Imad; Minister of State for Foreign Affairs and Chief of Protocol , Mohamed Shahudy, Deputy Minister at the President’s Office, Mr Mohamed Hassaan and Minister Counsellor at the Maldives High Commission in Sri Lanka, Mr. Ismail Mamdhooh.

[President’s Media Division (PMD)]

News

Maldives and Sri Lanka exchange seven MOUs

Published

29 mins ago

2026/05/4

Priyan

Seven Memoranda of Understanding (MoUs), signed across several sectors between the Maldives and Sri Lanka, were formally exchanged this morning (04) at the Presidential Secretariat in the presence of President Anura Kumara Dissanayake and President Dr. Mohamed Muizzu of the Maldives.

Marking a new chapter in Maldives–Sri Lanka relations, the MoUs cover cooperation in the fields of health, sports, tourism, education and defence.

Accordingly:

1. MoU on Tourism Cooperation between the Democratic Socialist Republic of Sri Lanka and the Republic of Maldives was exchanged by Maldives Minister of Foreign Affairs, Ms Iruthisham Adam and Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath.

2. MoU on Archiving Cooperation between the Department of National Archives of Sri Lanka and the National Archives of the Maldives was exchanged by Maldives Minister of Foreign Affairs, Ms Iruthisham Adam and Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath.

3. MoU on Training and Professional Development of Teachers and School Leaders between the Ministry of Education, Higher Education and Skills Development of the Maldives and the Ministry of Education, Higher Education and Vocational Education of Sri Lanka was exchanged by Maldives Minister of Foreign Affairs, Ms Iruthisham Adam and Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath.

4. MoU on Sports and Youth Development Cooperation between the Republic of Maldives and the Democratic Socialist Republic of Sri Lanka was exchanged by Maldives Minister of Foreign Affairs, Ms Iruthisham Adam and Sri Lanka’s Minister of Youth Affairs and Sports, Sunil Kumara Gamage.

5. MoU on Defence Cooperation between the National Counter Terrorism Centre of the Maldives and the Ministry of Defence of Sri Lanka was exchanged by the Maldives High Commissioner to Sri Lanka, Masood Imad, and the Secretary to the Ministry of Defence, Air Vice Marshal Sampath Thuyacontha (Retired).

6. MoU between the Ministry of Defence and National Service of the Maldives and General Sir John Kotelawala Defence University of Sri Lanka was exchanged by the Maldives High Commissioner to Sri Lanka, Masood Imad and the Vice Chancellor of General Sir John Kotelawala Defence University, Rear Admiral Dammika Kumara.

7. MoU on Academic Cooperation between the University of Colombo of Sri Lanka and the Ministry of Health, Family and Welfare of the Maldives was exchanged by Maldives High Commissioner to Sri Lanka, Masood Imad and the Vice Chancellor of the University of Colombo, Professor Indika Mahesh Karunathilake.

The state visit of President Dr Mohamed Muizzu, undertaken at the invitation of President Anura Kumara Dissanayake, aims to further strengthen economic, cultural and social ties between the two countries, while enhancing their multifaceted partnership.

Cabinet Ministers, government officials and members of the Maldivian delegation, representing both Sri Lanka and the Maldives, were present at the occasion.

[President’s Media Division]