We can rectify mistakes of the past: President

President Ranil Wickremesinghe, during a meeting with Ministry Secretaries and Provincial Chief Secretaries, today 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 stressed the need for collective effort to address the concerns raised by the youth regarding the country’s economy and their future. The President 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.

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.