President says that the background will be set to enable Sri Lanka to move forward with the developed countries

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Sri Lanka President Ranil Wickramasinghe said that his aim is to strengthen the country’s economy and prepare the background to move forward with the developed countries of the world.

Emphasizing that the country will definitely move towards economic prosperity, the President also mentioned that no one should leave the motherland.

“To create one’s own world in one’s own country is the responsibility of the youth and its their true talent”.

• No one should leave the country. The real skill is to contribute to the recovery of the country from the crisis.
• Quickly arrange the economic system suitable for the country that fulfills the expectations of the youth.

The President also said that the youth have the opportunity to contribute to the program of building a prosperous economy by 2025.

President Ranil Wickramasinghe mentioned this while commenting on the 2023 budget in an online conversation. The President answered the questions raised by the youth who joined the conversation about the 2023 budget proposals and the country’s future course.

Sri Lanka was second only to Japan in Asia earlier, but today the country’s economy has declined rapidly.

President Ranil Wickramasinghe pointed out that the tendency of young people to leave the country has increased and the reason for this is that they are not happy with the existing political system.

Responding to the inquiry on public expenditure management, President Ranil Wickramasinghe stated that the budget of this year has proposed to appoint new financial monitoring committees and to strengthen the existing committees in the Parliament. The President also mentioned that it has been proposed to establish a parliamentary budget office to support these activities.

Recalling that the economic collapse that occurred in the country did not happen all at once, and despite many debates in the Parliament, no one submitted a report on such an economic crisis to the Parliament, the President also expressed confidence that such situations will be avoided with the implementation of these committees.

In the inquiry about the public service, the President stated that the unnecessary filling of the public service in the past administrations has caused the economic crisis the country is facing today. The President pointed out that even though the country is moving towards economic development, by 2035 the number of people retiring from public service will be very high, so they will have to face a serious problem in providing pensions.

Responding to a question on whether to privatize government-owned enterprises such as Sri Lanka Telecom and Hilton, the President stated that the only option to recover Sri Lanka’s economy, which has collapsed due to the loss of currency and foreign reserves, is to privatize non-profitable government institutions.

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