Today: 24 October 2025
16 August 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

Emirates’ flagship A380 to return to Perth’s skies

Latest from -Top News

Abu Dhabi leads future of food innovation

Global Food Week 2025 cements Abu Dhabi’s leadership in food innovation, uniting 75 countries to showcase sustainable agriculture, cutting-edge technologies, and women-led enterprises driving future food security….reports Asian Lite News Global Food

UAE reshapes AI council

The newly reconstituted Council will be chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, with His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan serving as Vice-Chairman….reports Asian Lite

Tunisian twins crowned reading champions

Tunisian twins crowned 2025 Arab Reading Champions as Sheikh Mohammed bin Rashid hails 32 million students joining the world’s largest literacy drive, uniting Arabs through books and knowledge….reports Asian Lite News His

World Court slams Israel

The International Court of Justice says Israel must uphold human rights and ensure humanitarian aid reaches Palestinians, adding moral pressure on Tel Aviv amid Gaza’s worsening crisis….reports Asian Lite News The International

Arab world blasts Israel’s annexation bid

Arab and Muslim nations unite to denounce Israel’s West Bank annexation bills, citing international law and ICJ rulings, as Israel freezes legislation amid global diplomatic pressure. A broad coalition of Arab and
Go toTop

Don't Miss

Lanka completes return of illegally imported waste to UK

The 45 containers loaded onto a ship at a Colombo

UK and Lanka strengthen ties

The UK supports Sri Lanka in its environmental initiatives, building