President Ranil Wickremesinghe expressed confidence that the proper implementation of the government’s policy program would lead to economic prosperity surpassing the goals set by the International Monetary Fund.

He made this observation during a meeting with Ministry Secretaries and Provincial Chief Secretaries at the President's Office today (17).

He stressed the need for collective effort to address the concerns raised by the youth regarding the country’s economy and their future.


President Wickremesinghe emphasized the importance of restructuring state-owned companies to ensure a prosperous economy and urged ministry secretaries to support the government’s policy program rather than protecting companies under their jurisdictions.


"As the President, I acknowledge that every ministry shares responsibility for the economic bankruptcy our country faces today. In the past, ministries were tasked with allocating funds for various activities, but unfortunately, this often led to the squandering of people’s hard-earned money. It is understandable that the youth are questioning the state of our nation, and it is our duty as politicians and administrative officials to provide them with answers.

While we cannot change what has already transpired, we have the power to reverse this situation. In the past, our government has successfully rebuilt the economy, such as in 1977 when we took over and revitalized the country, and again in 2001 when we led the government and achieved a rapid economic recovery by 2004," the President said.

He also highlighted the forthcoming regulations on capital expenditure and projects of Provincial Councils, with decisions on power distribution at the local level expected within the next few months.

The meeting covered the progress of budget proposals, the performance of ministry secretaries, and discussions on public enterprise reconciliation, public service management, and the economy.

Detailed deliberations were held on law amendments related to policy changes in the interim budget and the 2023 budget presented in Parliament, as well as bills associated with obligations to the Asian Development Bank, World Bank, and International Monetary Fund.

Senior Presidential Senior Adviser on National Security and Chief of Presidential Staff Sagala Ratnayaka, President’s Secretary Saman Ekanayake, Presidential Senior Adviser on Economic Affairs Dr. R.H.S. Samaratunga were also present.


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