July 14, Colombo (LNW): President Ranil Wickremesinghe reaffirmed his dedication to establishing a robust economic framework for Sri Lanka, emphasising the importance of long-term stability over short-term solutions that could lead to economic collapse.
His remarks were made yesterday (13) during the inauguration of a state-of-the-art swimming pool at Anuradhapura Central College.
Reflecting on past economic and political crises, President Wickremesinghe stressed the need for a national-level political structure capable of strategic governance beyond five-year electoral cycles.
He advocated for governance that focuses on sustainable national development rather than short-term power dynamics.
At the ceremony, President Wickremesinghe inaugurated the swimming pool and interacted with students engaged in various activities.
He formally handed over the pool premises to Anuradhapura Central College and acknowledged students who excelled in the 2023 GCE Advanced Level Examination, personally congratulating them on their achievements.
Principal Mr Percy Mahanama presented a donation of Rs. 10,000 to the President’s Fund, contributed by the students of Anuradhapura Central College, as a token of appreciation.
The President highlighted the government’s and the Alumni Association’s contributions to constructing the swimming pool, recognising the school’s historical significance as the first Madhya Maha Vidyalaya in the North Central Province, where educational reforms initiated by Mr C. W. W. Kannangara began.
President Wickremesinghe mentioned that the principal had requested a three-storey building, and he would personally notify the Ministry of Education to facilitate its construction.
Additionally, he announced plans to establish a fully-equipped fitness centre for the college, marking its 77th anniversary and the completion of the swimming pool.
During a student’s speech, the aspiration for a better future was prominently expressed, aligning with the President’s vision for sustainable development.
He warned that continuing on the current economic trajectory could lead to unsustainable debt and a severe economic crisis within 15 years unless a sustainable course is charted.
The President emphasised the need to transform the economy from one reliant on imports to one driven by exports, necessitating a fundamental overhaul of existing economic structures.
He introduced the Economic Transformation Act as part of this initiative, with agricultural modernisation being central to revitalising the economy.
Acknowledging the dedication of farmers who achieved successful harvests in recent years with essential fertiliser support, President Wickremesinghe announced the launch of the inheritance tax exemption programme for farmers in the North Central Province.
He highlighted the global population’s projected increase by 2050, underscoring the importance of modern technology in maximising agricultural output and ensuring food security.
The President also noted the potential for solar energy projects and tourism development in the provinces. He mentioned the ambitious Trincomalee port development project in collaboration with India, benefiting Anuradhapura.
In line with a forward-thinking approach, plans are underway to establish three new technological universities with foreign institutions offering technical expertise. Embracing advancements in artificial intelligence, the government aims to chart a new course towards a prosperous future.
President Wickremesinghe criticised politicians who focus solely on gaining power or ousting rivals, leading to economic and political crises.
He emphasised the importance of collaboration across political divides to prioritise the nation’s well-being and urged representatives to focus on the future for collective national success.
State Minister of Finance Shehan Semasinghe highlighted the significance of the swimming pool’s completion, noting the challenges faced during recent turbulent conditions. He credited President Wickremesinghe’s economic stabilisation efforts for securing the necessary funding.
The government, through effective decision-making and partnership with the International Monetary Fund, swiftly restored the economy and livelihoods.
Minister Semasinghe noted that President Wickremesinghe continues to lead reforms to safeguard the economy from future collapses, with new legislation and programmes underway.
He praised transformative initiatives enhancing infrastructure across education, healthcare, and the broader economy, fostering a brighter outlook for the nation’s future.
The ceremony was attended by North Central Province Governor Mahipala Herath, Members of Parliament S.M. Chandrasena, Duminda Dissanayake, Rohana Bandara, former Minister P. Harrison, former Chief Minister S.M. Ranjith, Anuradhapura Central College Principal Mr Percy Mahanama, staff members, parents, alumni, and students.
