INSUBCONTINENT EXCLUSIVE:
President Ranil Wickremesinghe underscored that decisive actions would lead Sri Lanka to rapid economic growth this year
Despite facing criticism for these challenging decisions, he emphasized that they were undertaken in the best interest of the country.The
President expressed his hope for unity in the New Year, urging collaboration among political parties to fulfil their collective
the new Air Force Headquarters at the Akuregoda, Battaramulla Military Headquarters this morning (01).As the Commander-in-Chief, President
Ranil Wickremesinghe was warmly received with military honours upon his arrival at the Air Force Headquarters, marking a significant event
formally inaugurated the new Air Force Headquarters by unveiling the commemorative plaque.Subsequently, he actively participated in the
observation of the parade organized by the Air Force.In a symbolic display, Air Force planes soared in the sky, paying tribute to the
exchange with Air Force members, extending his heartfelt congratulations for the New Year.Addressing the event, the President further
stated:Today marks a momentous occasion for the Air Force, commemorating 73 years of dedicated service
Throughout its history, the Air Force has played a pivotal role in rescuing citizens from the perils of terrorist wars, internal conflicts,
Lanka as a defence hub in the Indian Ocean is of immense significance
not only aids in addressing domestic challenges but also empowers us to identify and resolve international issues.The establishment of the
Air Force Headquarters within the Army Headquarters today is viewed as an inaugural move towards the modernization of our defence
Headquarters, optimizing the use of existing facilities
Additionally, there are strategic intentions to dismantle the structures formerly housing the Police Headquarters and the Ministry of
economy, a responsibility that rests on the shoulders of all citizens
Faced with a critical decision, I deliberated with the cabinet on whether to engage in political exercises or directly focus on the
formidable task of economic reconstruction.Contemplating the economic hardships confronting Lebanon, where an economic program encountered a
two-year delay, and the extended recovery period of Greece lasting thirteen years due to political instability, I sought an alternative path
Unlike the extreme measures adopted by certain nations, like slashing public service wages by 50%, I was resolute in avoiding such severe
Through the implementation of clear-cut decisions, our aim was to attain a specific level of economic resilience by the end of 2023.
To
commitment to advancing even more rapidly
Several countries have expressed their support, raising inquiries about our ability to service the incurred debt in the future
To address this concern, it is imperative to diversify and create new sources of income, ensuring the sustainability of our economic
recovery.Last year, the government revenue reached Rs
3.1 trillion, constituting 12% of our GDP
As part of our strategic vision, we aim to elevate the GDP to 15% by 2026
In the year 2024, we have set a target of achieving Rs
4.2 trillion in government revenue, necessitating a revision of the Value Added Tax (VAT).In our pursuit of fiscal responsibility, we
anticipate a primary surplus of 8 decimals
However, it is essential to maintain a primary surplus at 2.3 until 2025 as we diligently work towards these objectives
responsibility lies in understanding that without taking these decisive measures, we risk facing a recurrence of the last economic
crisis.
Conversely, implementing this program represents an opportunity for the country to forge a path toward a better future
these considerations and a steadfast commitment to the well-being and prosperity of the nation that I have made these decisions for the
country.Assuming the role of the presidency was not driven by a desire for popularity but rather a commitment to nation-building and
securing a prosperous future for citizens and their children
Consequently, challenging decisions must be made for the greater good
I have communicated these decisions to the Prime Minister and the Cabinet, who have concurred, and I express gratitude for their
support.Recognizing the challenges associated with tax collection, we have sought assistance from the International Monetary Fund (IMF) to
establish a new revenue authority
falls short of our aspiration for future generations, necessitating a growth target of 8%-9%
Deliberations are underway to chart a course towards achieving this ambitious goal.In assuming the responsibility of making challenging
A collective effort is pivotal in ensuring swift development post-2024
I earnestly call upon everyone to contribute to this shared endeavour.In attendance at this significant event were distinguished individuals
including State Minister for Defence Mr
Premitha Bandara Tennakoon, Senior Adviser to the President on National Security and Chief of Staff to the President Mr
Sagala Ratnayaka, Secretary to the Ministry of Defence General Kamal Gunaratne (Retired), Governor of the Western Province Marshal of the
Roshan Gunathilake, Chief of Defence Staff General Shavendra Silva, Air Force Commander Air Marshal Udeni Rajapaksa, Army Commander Lt
Vikum Liyanage, Navy Commander Vice Admiral Priyantha Perera and a cohort of esteemed military officers, encompassing retired Air Force
