August 16, 2022
2 mins read

Lankan institutions directed to cut expenses

President Wickremesinghe advised heads of institutions not to lease new buildings, and the approval of the Treasury is needed before renting new vehicles or extending existing lease agreements…reports Asian Lite News

Sri Lankan President Ranil Wickremesinghe has instructed heads of all government institutions to adhere to a circular issued by the Treasury on the limits of government expenditure.

In a statement issued on Monday, the President’s media unit said that the heads of the institutions exceeding these limits will have to use their personal funds to finance the expenses, Xinhua news agency reported.

The media unit said these instructions have been relayed to the ministry secretaries, heads of departments, provincial secretaries, corporation presidents, institutional boards and government-owned trading institutions.

The government decided to limit expenses of state institutions to help overcome the economic challenges facing the country, the media unit said.

President Wickremesinghe advised heads of institutions not to lease new buildings, and the approval of the Treasury is needed before renting new vehicles or extending existing lease agreements.

Meanwhile, demonstrations planned by Sri Lankan opposition parties and trade unions have fizzled out, with smaller crowds turning up to mark the fourth month of an anti-government protest campaign launched in the wake of the ongoing economic crisis.

In contrast to the tens of thousands who turned up for previous protests, less than 2,000 were at one of the main rally sites in Colombo on Tuesday, police said.

At a demonstration near the President’s office, where people have been camped for the past four months, only about 150 people arrived, reports dpa news agency.

“The crackdown by the government and the arrest of anti-government protesters may have deterred people coming-out to show their dissent,” one of the demonstrators said.

President Ranil Wickremesinghe has also taken the wind out of the protesters’ sails by addressing shortages of gas and fuel, and restoring some sense of political stability, although Sri Lanka remains under a state of emergency.

Wickremesinghe was elected to the post by a parliamentary vote on July 20 after former President Gotabaya Rajapaksa fled the country.

More than 100 protesters, including those who stormed the residences and offices of Sri Lanka’s top leaders, have been arrested so far.

An unprecedented economic crisis, the worst since the country gained independence in 1948, led to unrest amid fuel, gas and food shortages.

Protesters began camping outside the President’s office on April 9.

On May 9, former Prime Minister Mahinda Rajapaksa stepped down and on June 9 Finance Minister Basil Rajapaksa resigned.

Protesters stormed the former President’s official residence on July 9, forcing him to quit.

ALSO READ-Chinese spy ship reaches Lanka

Previous Story

Indian Navy unfurls tricolour across six continents

Next Story

KCR slams Centre over ‘politics of hate’

Latest from -Top News

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan
Go toTop

Don't Miss

IMF tightens grip over debt-ridden Lanka

The island nation has been gripped by an economic crisis,

Fuel crisis in Lanka kills 2-day old infant

In Haldamulla, about 190 km from capital Colombo, the parents