2025.04.05 in Anuradhapura
2025.04.05 in Anuradhapura
(-‘Victory is certain – the village is ours’ Monaragala District rally – Buttala Town – 2025.03.29-) – President says addressing the public rally in Buttala President Anura Kumara Disanayake stated that victory in reclaiming the nation would be brought to villages through local government bodies. He emphasized the need for a robust local governance mechanism […]
(-‘Victory is certain – the village is ours’ Monaragala District rally – Buttala Town – 2025.03.29-)
– President says addressing the public rally in Buttala
President Anura Kumara Disanayake stated that victory in reclaiming the nation would be brought to villages through local government bodies. He emphasized the need for a robust local governance mechanism that can allocate funds without fear or hesitation.
The President highlighted that local government bodies should be established before June 2nd and their proposals must be submitted to the central government by July-August. Accordingly, he assured that the necessary funds for villages would be allocated by November.
President Anura Kumara Disanayake made these remarks while addressing a public rally in Buttala on May 31 as part of the “Jaya Niyathai – Gama Apitai” (Victory is Certain, the Village is Ours) public rally series.
President Disanayake further stated;
“The National People’s Power (NPP) has successfully won both the Presidential and General Elections. There is no doubt that all 10 local government bodies will be secured in the upcoming Provincial Council Elections on May 6. The people of Sri Lanka now have no alternative political force to turn to because the NPP stands as the only movement capable of securing the country’s future.
Previous governments held on to power through misinformation, intimidation, and violence. They deceived the people with false narratives and relied on criminal gangs to maintain their authority. The result was economic ruin and destruction. The damage done to this country is immeasurable.
Investigations are underway into corruption and the illicit acquisition of houses, petrol stations and bar licences by former political leaders. More revelations will soon expose cases where individuals exploited national crises for personal financial gain. The people of Thanamalwila stood strong against criminal influence and played a crucial role in ensuring the NPP’s victory. This administration was formed through the collective efforts of such determined communities.
No force can destabilize or topple this government. The commitment to rebuilding the nation remains unwavering. Despite being in power for a short period, significant progress has already been made for the country and its citizens. Economic stabilization has been achieved within the past six months and a long-term plan is in place to maintain sustainable interest rates. Due to these improvements, 76 previously halted foreign-funded projects have been revived.
Restoring confidence in Sri Lanka’s banking sector is critical. As a result of economic stabilization, investors are once again showing interest. In Colombo alone, 15 prime land plots have been identified for major investment projects, reflecting renewed investor trust in government policies. A corruption-free investment environment has been ensured, allowing businesses to operate without the burden of bribery or commissions. Unlike previous administrations that purchased electricity at inflated prices, power procurement will be done at competitive rates, ensuring affordability for the people.
The latest budget marks the highest allocation in history for infrastructure development, including roads, tunnels, and buildings. However, despite having financial resources, there is a shortage of adequate public officials to efficiently execute these projects. While the upper echelons of the public sector remain strong, a decision has been made to recruit 30,000 new employees to enhance government efficiency. The era of securing government jobs through political influence has ended. A strong and effective public service is essential for rebuilding this nation.
Alongside the increase in maximum salaries for public servants, pension benefits for Members of Parliament have been eliminated. The previously provided pension insurance of LKR 1 million has been reduced to LKR 250,000. Vehicle permits have been discontinued, and fuel quotas for MPs have been cut by 50%. These measures set a precedent for responsible leadership, prioritizing national development over personal privileges. Unlike previous administrations where politicians benefited from both salaries and pensions, the current leadership is focused on reducing unnecessary expenditure.
Financial assistance for low-income families has been expanded. In June, an additional 400,000 families will receive unemployment benefits. Salaries for public sector employees have been increased, pension payments have been raised, and welfare allowances have been expanded. However, approximately 800,000 people in Sri Lanka currently receive no government assistance. To address this gap, an essential food package worth LKR 5,000 will be provided at a subsidized rate of LKR 2,500 within this year. Furthermore, recognizing the need for menstrual hygiene products for schoolgirls, the government has decided to distribute sanitary pads starting this April. A government exists to serve its people. Have previous administrations ever done this?
The fertilizer subsidy for farmers has been increased to LKR 25,000. Moving forward, starting this Yala season, farmers growing intercropping crops will receive a LKR 15,000 fertilizer subsidy. A fair market price for paddy has been ensured, guaranteeing that farmers receive a just return for their labor. In the Monaragala District, steps have been taken to cultivate every available paddy field this Yala season.
For Sri Lanka to progress, the younger generation must have access to new economic opportunities. Economic growth is impossible without foreign exchange earnings. The country generates dollars through tourism, exports, and remittances from Sri Lankan migrant workers. To secure the required amount of foreign currency, structured plans must be put in place to boost these revenue streams. Strengthening these sectors is the key to achieving long-term economic stability and growth.
To prevent outflow of dollars, we need to focus on producing all items that can be made locally. We encourage our people to utilize all available land for paddy cultivation. Plans have been put in place to support the development of coconut cultivation through fertilizer subsidy programme. A sum of Rs. 0.5 billion has been allocated for coconut farming in the northern regions. We allocate a substantial amount of money towards sugar imports. The Pelwatte Lanka Sugar Company alone has a debt of Rs. 39.4 billion, including VAT. Today, the Pelwatte Sugar Company is not operational, leading to an increase in production costs for sugar. Under these circumstances, a kilo of sugar can be imported for 190. When we consider the consumer needs, importing sugar is more profitable than domestic production. Can we continue this industry sustainably? Please allow us time to rebuild these collapsed institutions.
Our goal is to make the Pelwatte Sugar Company profitable again while addressing the concerns of workers in a just manner. Should we incur more debt for these companies? These businesses possess few assets and substantial debt. By enhancing their productivity, they have the potential to generate employment for youth in the area. Corruption, theft, and fraud have contributed to these issues.
The country’s tourism industry is generating a substantial amount of dollars. 2025 will be the year with the highest number of tourist arrivals. By March 30, more than 600,000 tourists have already arrived, and more than 03 million tourists are expected to visit by the end of this year. We hope to develop Pelwatte as a tourism hub. We are taking steps to improve the tourism infrastructure. The optimization of operations at Katunayake Airport is a top priority.
The year 2025 will also see the highest export revenue from goods and services. By 2030, we aim for an export income of US$ 36 billion. Additionally, 2025 will be the year that remittances from foreign workers reach their highest levels. Aren’t these good? We must ensure the country does not return to the economic conditions of 2021, 2022, or 2023.
The plans of the central government need to be communicated to the villages. In order to disseminate the country’s achievements across the villages, local councils are essential. Shouldn’t the local councils, which are aligned with each other, be entrusted to the government that represents the National People’s Power? We will present the next budget in November. In preparation for this, we will begin receiving proposals starting in June. During this time, the local political authorities in the villages should submit their proposals to the central government. The opposition has approached the Supreme Court to delay the election until the budget is completed, but the election date has been rescheduled to May 6. We cannot hold elections like this. Local councils should be established before June 2. They must submit their proposals to the central government by July-August. The required funds will be allocated by November.
When I visited the Northern Province, during a discussion with the District Development Committees, a proposal was made requesting funds for the construction of dilapidated roads in the Northern Province. We allocated Rs. 05 billion from this year’s budget for the construction of these roads. The challenge they now face is that by December, they need to spend this Rs. 05 billion to build the roads. For this, support from the local councils and municipal councils is required. When I visited Anuradhapura, it was pointed out that funds are needed for the renovation of the irrigation systems, such as the Rajanganaya, Nachchaduwa, and Huruluwewa reservoirs. We allocated Rs. 03 billion from the budget for the restoration of these systems. However, after further discussions, they reported that Rs. 03 billion was too much and only Rs. 02 billion would be sufficient. I called all the District Secretaries and informed them about the amount of money allocated for each district. I also notified them that all activities in the districts must be completed before the end of December. Furthermore, I informed the Secretaries of the Ministries that all work should be completed by December 31.
Now, we have the funds, and it’s time to complete the work. To do this, we need a strong local mechanism. Previously, a road that cost Rs. 01 million was done with Rs. 02 million. Now, if we allocate Rs. 01 million, we will get results. No need to allocate double. The increase in funds this time will enable us to carry out the work more efficiently. We can now allocate funds without fear, but we need a reliable local system to manage it. If someone else takes control of the local council’s authority and submits proposals, we will have to review them one by one. In that case, we will not be able to allocate the funds. We need to form a trustworthy team to manage and allocate the funds. We lack confidence in other teams that might behave similarly to past administrations.
After 76 years, a government has been formed that does not misuse public funds. In the past, political leaders would always take a portion of the funds, even when giving jobs or constructing roads, some money would go to the Minister’s house. We are receiving information that government officials are also involved in corruption and fraud. If that happens, the hard-earned job will be lost in a very short period. Isn’t that how we should build our country? Several officials from the Police Department and the Customs Department have already been sent home due to corruption. Political leaders cannot advocate against theft while participating in it themselves. We have structured this system correctly, and we will never allow the corrupt to form a government again. Corruption within the central government has been eradicated. Previously, even local councils were heavily corrupted; we need to clean up and restore them as well.
There are still questions about why we do not prosecute corrupt individuals. The power to punish corrupt officials does not lie with the government. Investigations and prosecutions must be carried out by the judiciary. We have granted full independence to the relevant institutions for this purpose. Multiple cases against corrupt individuals have been filed; future legal actions will also be initiated against the Sevanagala and Kataragama properties owned by former rulers. The investigations into the Easter Sunday attacks and Krrish deal are also on-going. Three former Ministers are currently in remand custody, one is concealing himself. Let’s see how long he can hide. The former Inspector General of Police has also been remanded. The country has now been established as a place where the law operates impartially, even against those who have abused power and wealth.
(-Colombo, March 31, 2025-) Eid-ul-Fitr, celebrated by Muslims worldwide after a month of fasting and upon sighting the new moon, holds great significance in the Islamic religious calendar. Fasting during Ramadan, one of the five pillars of Islam, embodies the values of sacrifice, self-discipline and simplicity by distancing oneself from worldly desires. This period serves […]
(-Colombo, March 31, 2025-)
Eid-ul-Fitr, celebrated by Muslims worldwide after a month of fasting and upon sighting the new moon, holds great significance in the Islamic religious calendar.
Fasting during Ramadan, one of the five pillars of Islam, embodies the values of sacrifice, self-discipline and simplicity by distancing oneself from worldly desires. This period serves as a reminder of the importance of generosity towards those suffering from hunger and as an opportunity for self-restraint and spiritual growth, which devout Muslims deeply cherish.
As Sri Lanka undergoes various social, economic and political transformations, the teachings of Islam provide an excellent example for building a society rooted in freedom, equality, solidarity and human dignity. I strongly believe that these values serve as guiding principles in our collective journey toward a just and harmonious nation.
Furthermore, as we strive to foster a responsible and ethical political culture, one that values accountability over corruption and the misuse of public resources, the principles of self-restraint and sacrifice emphasized during Ramadan offer an inspiring model. They remind us of the need to cultivate a governance system that is sensitive to the aspirations and well-being of its people.
Eid-ul-Fitr is a celebration that transcends religious boundaries, promoting unity, compassion and selflessness. On this auspicious occasion, I extend my heartfelt wishes to all Sri Lankan and global Muslim communities.
May this Eid-ul-Fitr bring peace, reconciliation and the fulfillment of our shared hopes for a new era of renewal and prosperity.
Eid Mubarak!
Anura Kumara Dissanayake
President
Democratic Socialist Republic of Sri Lanka
31st March, 2025
‘Victory is certain – the village is ours’ Tissamaharama rally – 2025.03.29 – President says addressing the public gathering in Tissamaharama President Anura Kumara Disanayake stated that the present government ensures every rupee of taxpayers’ money is spent prudently for the benefit of the people. The President made these remarks while attending a public gathering […]
‘Victory is certain – the village is ours’ Tissamaharama rally – 2025.03.29
– President says addressing the public gathering in Tissamaharama
President Anura Kumara Disanayake stated that the present government ensures every rupee of taxpayers’ money is spent prudently for the benefit of the people.
The President made these remarks while attending a public gathering held yesterday (29) in the Tissamaharama area of the Hambantota District, as part of the victorious people’s rally series, “Jaya Niyathai Gama Apitai” (“Victory is Certain – The Village is Ours.”)
Addressing the gathering, President Disanayake further stated;
“Tissamaharama has always brought us great victories. We have no doubt about Tissa. Now, we have initiated a significant transformation in Sri Lankan politics. Power has shifted from the old faction, which governed the country for a long time, to a new group representing the common people. This is not an ordinary occurrence. The first step in this shift was taken during the last presidential election. In the general election, we secured the highest number of parliamentary seats in Sri Lanka’s history. We are confident that we will receive an even greater mandate in the local government elections. We believe that the people will not allow this transformation to be reversed. Moving forward with this change is the only path for the people of our country.
When we assumed power, our country was not economically stable. Just two and a half years ago, Sri Lanka was in a state of severe bankruptcy. Due to the weaknesses of the previous rulers who governed the country for a long time, we faced the worst crisis a nation could endure. The most devastating economic downfall for a country is bankruptcy. We became a nation isolated from the world, unable to repay our debts. Even a hundred years from now, when books are written about Sri Lanka’s economy, the economic crisis of 2021-2023 will be recorded in history. It will be remembered as a time when the state was unable to repay its debts, unable to secure dollars to import fuel, unable to find funds to import medicines and faced a shortage of funds to import gas. It was a period when the people took to the streets and ousted the rulers and the head of state had to flee for safety.
When a country goes bankrupt, it typically takes around ten years to recover. Many nations that have faced such crises have taken a similar duration to regain stability. However, we have managed to stabilise the economy within a short period.
Investors need confidence to come to Sri Lanka. Over the past five years, investors have stayed away from the country. At present, investors are engaging in discussions with the government. We are currently in talks regarding the Hambantota oil refinery project, the largest investment in Sri Lanka, which is now in its final stages. On the 5th, with the participation of the Indian Prime Minister, the foundation stone will be laid for a power plant in Sampur. Investments have already begun to flow in. A 100-megawatt solar power plant is planned in Siyambalanduwa. Investments have also been made for a wind power plant in Mannar. A new storage terminal is planned for construction in Kerawalapitiya. Land suitable for investment in Colombo is being identified and will soon be publicly announced for investors. Step by step, investors have started focusing on Sri Lanka again.
During the economic crisis, investors who were constructing the Katunayake airport expansion abandoned the project. Now, within the next two months, we will complete that project. The investors who were developing the Kadawatha-Mirigama expressway also withdrew, but we have now resumed construction. The government has successfully restarted abandoned projects and investments. The current administration has managed to stabilise the exchange rate at LKR 300 per US dollar. Previously, the exchange rate fluctuated overnight. Interest rates have been stabilised, and the stock market has seen significant growth, indicating economic stability. Following debt restructuring, we have already repaid over USD 500 million without affecting the exchange rate.
For over five years, vehicle imports were banned. The vehicle market has now been gradually reopened. All these developments signal positive economic prospects. Over the past six months, the government has been able to stabilise the economy. Moving forward, we cannot afford to foster mistrust in the government.
The financial stability we have regained is now being redirected to benefit the people. For nearly four to five years, no new employees were recruited into the public sector. We have now decided to recruit 30,000 new employees into the public service. Funds have been allocated in this year’s budget for this purpose. At present, 15,700 vacancies have been identified and a committee has been appointed to identify the remaining vacancies. There is a shortage of Technical Officers (TOs) in local councils, causing difficulties in road construction due to technical issues. The economic stability we have achieved is now being translated into benefits for the people. Therefore, after five years of no recruitment, we are resuming hiring for the public service this year.
The basic salaries of public sector employees have been significantly increased, with LKR 110 billion allocated to cover the increased wages. It is essential to safeguard our professionals. Pensioners have also been granted salary increments. Fertiliser subsidies provided to paddy farmers have now been extended to farmers cultivating other crops, with cabinet approval. For the first time in Sri Lanka’s history, financial assistance has been provided to schoolchildren for purchasing school supplies. This government ensures that funds are safeguarded and utilised for the benefit of the people.
Allowances for kidney patients have been increased, Mahapola scholarships have been raised, and funds allocated for school meal programmes have been expanded. The government is taking all necessary measures to support the people. Unemployment allowances have been increased, and from June onwards, financial assistance will be provided to 400,000 individuals who currently do not receive unemployment benefits but are in need. Every schoolgirl will receive eight sanitary napkins per month, with funds allocated for this initiative. Our welfare programmes have been further strengthened.
This government is committed to ensuring that the benefits of economic recovery reach the people and that all citizens receive the support they need.
Plans have been formulated to develop the transport system. There are proposals to integrate both state-owned and private bus services. A standardisation initiative for buses is being introduced, with LKR 3 billion allocated for the importation of buses meeting the new standards. Efforts are being made to establish a comfortable and efficient public transport service.
A budget allocation of LKR 650 billion has been set aside for the healthcare sector. These funds will be used to procure equipment, import medicines and construct buildings. Every family should have access to a designated family doctor and a pilot project is being developed to facilitate this. This initiative will eliminate the need for individuals to visit multiple hospitals and doctors. A structured programme will be established to ensure that patients follow the recommendations of their family doctor.
A new curriculum is set to be introduced for education in 2026. After completing their Grade 9 examination, students will receive guidance on the best career paths based on their abilities. The financial burden on families for healthcare, education and transport will be reduced, with the government assuming responsibility for these costs. The money saved by families can then be used for other purposes, such as leisure activities or travel.
No previous government has taken responsibility for incarcerated individuals. Consequently, a programme has been developed to assess their vocational skills and provide them with vocational training certificates, thereby facilitating employment opportunities. Children in orphanages will receive a monthly allowance of LKR 5,000, with LKR 3,000 of this amount being mandatorily allocated to a fixed deposit. Additionally, every child who gets married will receive LKR 1 million from the government for housing construction. This administration is committed to ensuring that no individual is left behind and is dedicated to enhancing public services.
Special attention is being given to the tourism sector. The year 2025 is expected to witness the highest number of tourist arrivals in Sri Lanka. Plans are in place to improve the necessary infrastructure and expand tourist destinations. The goal is to make tourism a continually growing sector that significantly contributes to economic development. This year is also projected to record the highest exports of goods and services. It is anticipated that foreign remittances from Sri Lankan migrant workers will reach an all-time high in 2025. Additionally, this year is expected to generate the highest state revenue, with the Inland Revenue Department exceeding its monthly targets. Citizens are becoming more accustomed to paying taxes, and every rupee collected will be meticulously spent for the benefit of the public. This is the correct approach to nation-building, and the country is on a path of rapid progress.
The current administration has eliminated corruption and ensured justice is served. The legal and judicial systems, including the Criminal Investigation Department and the Attorney General’s Department, are functioning effectively. Presently, three ministers and a police chief are in remand custody, while another minister and a police chief, who were previously in hiding, have re-emerged. Investigations are progressing efficiently, and legal proceedings are being conducted systematically to ensure successful prosecutions. All inquiries, including those into high-profile corruption cases, are advancing without obstruction. Only a government driven by national integrity can effectively combat corruption and uphold justice.
A total of LKR 1.4 trillion has been allocated as capital expenditure for the construction of roads for the benefit of the public. The allocated funds must be utilised correctly and the projects completed within the next eight months. In the past, there was a lack of funds for development; however, today, while funds are available, there is a shortage of workers. To address this, financial provisions have been made for new recruitments into the public sector. Additionally, funds have been allocated for the completion of partially constructed expressways. Surplus funds will be redirected for the benefit of the people. The public sector must improve efficiency and deliver services effectively.
For the successful execution of these projects, strong political leadership is essential at the local level. Just as the President and Parliament govern at the national level, local government authorities must oversee regional projects. A local government body that collaborates with the central government is crucial. Without this coordination, progress will be hindered, akin to a cart being pulled in opposite directions by two oxen. Leadership at the village level is essential for implementing grassroots initiatives.
In June, proposals will be gathered for the upcoming budget, which is set to be presented to Parliament in November. To strengthen this process, granting local government power to the National People’s Power (NPP) will ensure the effective formulation of budget proposals. By supporting the NPP, citizens will not only contribute to the party’s success but also play a role in achieving national progress.”
(-Colombo, March 21, 2025-) President tells Parliament President Anura Kumara Dissanayake 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 […]
(-Colombo, March 21, 2025-)
President tells Parliament
President Anura Kumara Dissanayake 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 yesterday (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.
(-Colombo, March 17, 2025-) The groups representing the National People’s Power contesting the upcoming local government election began signing nomination papers at the party headquarters in Pelawatta, Battaramulla this morning (17). The event was attended by JVP General Secretary Tilvin Silva, Secretary of the National People’s Power, Member of Parliament Nihal Abeysinghe, Colombo Municipal Council […]
(-Colombo, March 17, 2025-)
The groups representing the National People’s Power contesting the upcoming local government election began signing nomination papers at the party headquarters in Pelawatta, Battaramulla this morning (17). The event was attended by JVP General Secretary Tilvin Silva, Secretary of the National People’s Power, Member of Parliament Nihal Abeysinghe, Colombo Municipal Council Group Leader and Kaduwela Municipal Council Group Leader.
Speaking to the media after signing the nomination papers…
Instead of politics where MPs contract, extort and take revenge, we will create a political culture where MPs, and mayors work together with the people – JVP General Secretary Tilvin Silva
I am sure that the people will rally around the compass for a decisive change in this year’s local government election – Secretary of the National People’s Power, Member of Parliament Nihal Abeysinghe
We showed in the parliamentary election that we have a very strong team. We will show it in the local government election as well. We will win local government institutions in the country, including the Colombo Municipal Council – Colombo Municipal Council Group Leader, Vrai Kelly Balthasar
The Kaduwela Municipal Council has not done justice to the tax money paid by the people so far. We are ready to accept this as a responsibility and not as a privilege and develop the city of Kaduwela. – Kaduwela Municipal Council Group Leader Ranjan Jayalal
