Tag: Government

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Rs. 700 million belonged to LRC embezzled?

Rs. 700 million belonged to the Land Reform Commission (LRC) has been defrauded by former Land Minister S.M. Chandrasena together with the Rajapaksas, sources said.

PM appoints an expert committee to advise on stabilizing the country’s economy

Prime Minister Ranil Wickremesinghe has appointed an expert committee to advise on stabilizing the country's economy. It is reported that special powers have also...

Banker says MR must come back

Banker says MR must come back

SJB decides to support Ranil-led government

SJB decides to support Ranil-led government

India Exim Bank to restructure US$1.3 billion Sri Lanka Debt

Export financing institution India Exim Bank is looking at restructuring its $ 1.3 billion exposure to crisis-ridden Sri Lanka. It however does not have any...

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Foreign Bond Sell-Off Exposes Sri Lanka’s Fragile Rupee Stability

Foreign investors have resumed selling Sri Lanka’s rupee-denominated government...

NPP’s Reform Promise Collides with Sweeping New Detention Powers

Sri Lanka’s proposed Prevention of Organised Crimes Bill has...

Japan’s Rs. 600 Million River Project Faces Sri Lanka’s Pollution Accountability Test

Japan’s commitment of more than Rs. 600 million to...

Vasu Calls for Substantial Public Relief in Budget 2027

Former Minister Vasudeva Nanayakkara has urged the Government to provide substantial financial relief to the public through the 2027 Budget, warning that failure to address the economic hardships faced by ordinary people could trigger growing public dissatisfaction and stronger political criticism. He said the Government must prioritise meaningful financial assistance, tax reductions and stronger social safety nets in the upcoming budget to ease the burden on households. Nanayakkara warned that public anger towards the Government could increase significantly if adequate relief was not provided, noting that people were already facing severe economic difficulties. He also observed that public expectations for Budget 2027 were particularly high, especially regarding measures to ease inflationary pressures, revise taxes and strengthen social welfare assistance. Commenting on the political climate, the former minister said there was currently no significant active opposition to the Government among ordinary people. He cautioned, however, that the absence of strong public resistance meant that the implications of certain laws and measures described as anti-democratic were not yet being widely felt, despite the potential threats they could pose to individual freedoms and democracy in the future.

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